Delta

Hyperliquid

Virtu

Ripple USD

Prime

Ripple Prime, the institutional brokerage arm of Ripple, now lets clients trade round-the-clock swaps on more than 100 traditional markets through contracts listed on the decentralized exchange Hyperliquid.
<blockquote>
 <h2 id="key-points">Key Points:</h2>
 <ul>
 <li>Ripple Prime's new swaps track stocks, ETFs, metals, energy and currencies, with trading and settlement open 24/7.</li>
 <li>Ripple Prime acts as principal, while each swap follows a Trade.xyz perpetual futures contract on Hyperliquid.</li>
 <li>Market maker Virtu is already trading the product, and clients can post RLUSD as collateral.</li>
 </ul>
</blockquote>
<h2 id="ripple-prime-rwa-swaps">Ripple Prime RWA Swaps</h2>
Ripple <a href="https://www.businesswire.com/news/home/20261015834919/en/Ripple-Launches-Support-for-Institutions-to-Access-Real-World-Asset-Perpetual-Swaps" rel="noopener noreferrer nofollow">announced</a> the real-world asset, or RWA, swaps on Thursday, saying they reference markets in equities, stock indices, exchange-traded funds, metals, energy and foreign exchange. Trading and settlement run around the clock, weekends included.
Clients do not trade on Hyperliquid directly. Instead, Ripple Prime takes the other side of every trade as principal, while each swap's price tracks a perpetual futures contract listed by Trade.xyz on Hyperliquid. Such contracts carry no expiration date, so a trader can hold a position indefinitely as long as it stays funded.
Clients can also post Ripple's Ripple USD<a href="https://yellow.com/asset/rlusd" rel="noopener noreferrer nofollow">(RLUSD)</a> stablecoin as collateral, although the company <a href="https://www.theblock.co/news/business/2026-10-15-ripple-prime-rwa-swaps-perpetual-futures-hyperliquid-418681" rel="noopener noreferrer nofollow">said</a> availability may differ by jurisdiction. Because the swaps sit inside a Ripple Prime account, clients can margin them against other asset classes, which may cut collateral needs when positions offset each other's risk.
Also Read:<a href="https://yellow.com/news/iphone-duo-preorder-backorder-30-minutes" rel="noopener noreferrer nofollow">How Apple’s iPhone Duo Went From Preorder To Backorder In 30 Minutes</a>
<h2 id="michael-higgins-virtu-weigh-in">Michael Higgins, Virtu Weigh In</h2>
Michael Higgins, Ripple Prime's international CEO, <a href="https://unchainedcrypto.com/ripple-prime-opens-24-7-swaps-on-stocks-metals-and-currencies-with-virtu-already-trading/" rel="noopener noreferrer nofollow">described</a> RWA swaps as "where traditional and digital markets meet," adding that institutions want stock, commodity and currency exposure with the constant access of digital infrastructure. Market maker Virtu is already trading the swaps. Scotte Moegling, the firm's head of business development for digital assets, said Ripple Prime's 24/7 cross-margining helps Virtu grow more efficiently as markets shift toward nonstop access.
Clients <a href="https://cryptobriefing.com/ripple-prime-24-7-rwa-perpetual-swaps/" rel="noopener noreferrer nofollow">get</a> price exposure only, not the stocks or commodities themselves.
<h2 id="ripple-prime-hyperliquid-expansion">Ripple Prime Hyperliquid Expansion</h2>
For now, the swaps run only under Ripple Prime's CIV BVI license. Ripple said it plans to offer them from more regions but did not name the markets or give a timeline.
The launch follows a string of expansions at the unit, which Ripple built from Hidden Road, a non-bank prime broker it agreed to buy for $1.25 billion in April 2025.
In February, Ripple Prime <a href="https://ripple.com/ripple-press/ripple-announces-support-for-hyperliquid-expanding-institutional-access-to-onchain-liquidity/" rel="noopener noreferrer nofollow">added</a> support for Hyperliquid itself, and in August it launched a Delta One business for total return swaps on U.S.-listed equities, indices and digital assets. On Oct. 6, Brevan Howard, which manages about $35 billion, <a href="https://cryptodaily.co.uk/2026/10/ripple-prime-brevan-howard-brokerage-clearing-financing" rel="noopener noreferrer nofollow">tapped</a> Ripple Prime for brokerage, clearing and financing across traditional and digital markets.
Read Next:<a href="https://yellow.com/news/usdc-developing-world-circle-expansion" rel="noopener noreferrer nofollow">Can USDC Win Over The Developing World? Circle Is About To Find Out</a>

Ripple Prime Brings Weekend Trading To 100 Traditional Markets Via Hyperliquid

Table of Contents

Yellow News

Other articles published on Oct 16, 2026

CoreWeave (CRWV) Stock Faces Fresh Pressure Despite Nvidia’s Support

Analyst Says XRP Is Setting Up $1.27 As Bottom. Here’s What to Expect

Gemini CFTC Case Stands After Court Rejects Joint Vacatur Motion

What Is Zerebro? The AI Memecoin Back From the Dead!

"Vibe Coding" Meets the Internet Computer: A Plain-English Glossary for the AI App-Building Era

Alarming Toll from Crypto Attacks: $1.18 Billion Lost in Three Months! Here Are the Details

Join our free newsletter for daily crypto updates!