Ripple integrates Hyperliquid decentralized derivatives platform into Ripple Prime brokerage in first DeFi move
Ripple integrated Hyperliquid into Ripple Prime on 4 February 2026. The integration marks Ripple Prime's first decentralized finance platform addition.
Ripple Prime adds first DeFi protocol
Ripple integrated Hyperliquid into its Ripple Prime brokerage platform on 4 February 2026. The integration marks Ripple Prime's first decentralized finance (DeFi) platform addition. Hyperliquid operates as a decentralized derivatives exchange that enables onchain perpetual futures trading. Ripple Prime institutional clients can now access Hyperliquid's trading infrastructure directly through the brokerage platform.
Hidden Road acquisition forms platform base
Ripple acquired Hidden Road for $1.25 billion in October 2025. The company rebranded Hidden Road as Ripple Prime after completing the acquisition. Hidden Road operated as a non-bank prime broker before the acquisition. The deal represented one of the largest transactions in digital asset industry history.
"At Ripple Prime, we are excited to continue leading the way in merging decentralised finance with traditional prime brokerage services, offering direct support to trading, yield generation and a wider range of digital assets.", 4 February 2026. — Michael Higgins, International CEO, Ripple Prime
Platform serves 300 institutions with trillion-dollar volume
Ripple Prime serves over 300 institutional clients through its brokerage platform. The platform processes and clears more than $3 trillion in transactions annually. The client base includes institutional investors, trading firms, and digital asset managers. The integration extends Ripple Prime's service range beyond traditional centralized exchanges.
"This strategic extension of our prime brokerage platform into DeFi will enhance our clients' access to liquidity, providing the greater efficiency and innovation that our institutional clients demand.", 4 February 2026. — Michael Higgins, International CEO, Ripple Prime
Higgins leads institutional DeFi expansion
Michael Higgins serves as International CEO of Ripple Prime. Higgins received the title after Hidden Road promoted him to International CEO in November 2024. He leads the platform's expansion into decentralized finance markets. Higgins stated the integration merges decentralized finance with traditional prime brokerage infrastructure.
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