Key Takeaways:
Ripple’s institutional arm, Ripple Prime, expanded its partnership with decentralized exchange Hyperliquid on March 31 to offer perpetual contracts for three major commodities.
"The update adds support for 'HIP-3 symbols,' unlocking access to decentralized derivatives tied to gold, silver and oil," Mike Higgins, CEO of Ripple Prime, said.
The integration deepens a partnership that began in February 2026, positioning Ripple Prime as the sole counterparty for its clients to access Hyperliquid’s on-chain liquidity. The decentralized exchange has become the largest for perpetuals, with over $5 billion in open interest and more than $200 billion in monthly trading volume, according to data from the platform.
This development further bridges traditional and decentralized finance by allowing institutional players to gain exposure to legacy commodities through blockchain-based instruments. The move could increase trading volume on Hyperliquid and solidify Ripple's strategy of connecting legacy financial systems with the crypto economy, a focus that followed its $1.25 billion acquisition of prime brokerage Hidden Road in late 2025.
The partnership is designed to remove operational hurdles for institutional firms entering the DeFi space. Clients can manage their on-chain commodity positions within the same portfolio as their traditional assets, such as foreign exchange and fixed income, already supported by Ripple Prime.
This structure eliminates the need for firms to handle complex Web3 wallet management, fragmented collateral, or direct smart contract interactions. By acting as the central counterparty, Ripple Prime streamlines access and risk management for its institutional user base.
The expanded integration follows a period of significant activity for Hyperliquid. The platform recently executed a governance-approved burn of approximately $1 billion worth of its native tokens, permanently reducing the circulating supply.
Alongside the supply reduction, the protocol has maintained strong performance, generating approximately $1.4 million in daily fees from trading activity. While expanding its crypto-native offerings, Hyperliquid has also added products tied to traditional indices, including an S&P 500 perpetual, signaling a broader market focus that aligns with Ripple Prime's objectives.
This article is for informational purposes only and does not constitute investment advice.
