Ripple Prime launches RWA perpetual swaps referencing Hyperliquid futures
Ripple Prime adds RWA perpetual swaps on Hyperliquid
Ripple Prime, the prime brokerage unit of Ripple, has launched real‑world asset (RWA) perpetual swaps for institutional clients. The new products reference perpetual futures listed by Trade.xyz on Hyperliquid and cover more than 100 markets across equities, equity indices, exchange‑traded funds, metals, energy and foreign exchange. Trading and settlement are available 24/7, including weekends.
Clients can use Ripple’s RLUSD stablecoin as collateral for these swaps, though availability may vary by jurisdiction. Ripple Prime acts as principal in the trades, linking swap value to the underlying perpetual futures.
Key offerings and markets
- Over 100 reference markets (equities, indices, ETFs, metals, energy, FX)
- 24/7 trading and settlement, even on weekends
- Swaps reference Trade.xyz perpetual futures on Hyperliquid
- Virtu is an early institutional client using the product
- RLUSD stablecoin can serve as collateral, subject to jurisdictional limits
- Ripple Prime provides cross‑margining across asset classes
Official source statement
Ripple announced the launch in a Business Wire press release, confirming that the perpetual swaps are available now and that trading runs continuously around the clock.
Other source
The Block covered the announcement, detailing the product features and client adoption.
What is confirmed
- Ripple Prime has added RWA perpetual swaps for institutional clients.
- The swaps reference perpetual futures from Trade.xyz listed on Hyperliquid.
- More than 100 markets across traditional asset classes are covered.
- Trading and settlement are available 24/7, including weekends.
- Virtu is already trading the product.
- RLUSD can be used as collateral, with jurisdiction‑dependent availability.
- Ripple Prime acts as principal and offers cross‑margining.
- Ripple Prime previously added Hyperliquid support in February.
- Ripple completed a $1.25 billion acquisition of prime broker Hidden Road in 2025.
What is still unclear
- Ripple has not provided a timeline for expanding the swaps to additional regions.
- Exact jurisdiction‑specific restrictions on RLUSD collateral have not been detailed.
Why this matters for crypto investors
The launch gives institutional clients a 24/7, cross‑margined way to gain exposure to traditional assets through crypto‑style perpetual swaps. By anchoring to Hyperliquid perpetual futures, the product links to a decentralized derivatives venue, potentially improving liquidity and access for round‑the‑clock trading.
Next steps announced
Ripple plans to make the new RWA swaps available from more regions in the future, but no specific timeline or list of additional markets was provided.
Sources
Newisty Editorial Team covers technology, cryptocurrency, digital products, online platforms, developer tools and the wider digital economy. Our content is researched from official sources, company announcements, public documentation, market data and other primary or reputable sources. Articles are reviewed and edited before publication for clarity, accuracy and useful context.