# Ripple Prime

**Type:** Prime Brokerage / Institutional Crypto Infrastructure  
**Status:** Active  
**Founded:** [Unknown]  
**Description:** Institutional prime brokerage service providing traditional counterparty relationships and compliance infrastructure for accessing on-chain derivatives platforms.

## Overview

Ripple Prime enables institutional clients to access on-chain derivatives through a single prime brokerage counterparty relationship, maintaining traditional compliance and relationship infrastructure while accessing 24/7 on-chain liquidity.

## Timeline

- **2026-02-04** — Integrated with Hyperliquid for equity and crypto perpetuals, providing institutional access to on-chain derivatives
- **2026-04-07** — Expanded Hyperliquid integration to commodity perpetuals (gold, silver, oil) following Hyperliquid HIP-3 commodity markets launch; cited $5B+ open interest and $200B+ monthly volume as rationale for expansion

## Significance

Ripple Prime represents the first documented TradFi prime brokerage → DeFi derivatives integration at institutional scale, demonstrating the adoption pathway for community-owned on-chain infrastructure by traditional financial institutions.