Ripple is reportedly adding Hyperliquid (HYPE) to Rippe Prime, its primary brokerage platform for institutional investors, according to the official announcement.
According to an official statement from Ripple, Ripple Prime will be adding Hyperliquid to its list of supported platforms.
Ripple Prime is a platform where clients can manage their positions across different exchanges under one risk and collateral framework, rather than managing them individually on each platform.
Ripple Prime customers will be able to use Hyperliquid’s on-chain derivatives market through this integration, and consumers will also be allowed to manage their investment positions in other assets including currencies and bonds within the same platform.
The Hyperliquid integration also makes Ripple Prime its “first DeFi platform”.
Ripple’s move comes as the market for institutional investors’ participation in DeFi markets continues to grow, and companies are increasingly looking for access to on-chain platforms through structures similar to traditional brokerage services.
In a statement Ripple Prime Global CEO Michael Higgins said ‘This integration will allow us to integrate DeFi with our core brokerage services and directly support for broader digital assets. Our services are strategically linked to DeFi, so we can improve customer access and further strengthen the efficiency that institutions need. Paraphrasingr ’It is.
*This is not investment advice.
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