Ripple Prime Launches RWA Perpetual Swaps Referencing Hyperliquid Contracts
Ripple Prime has launched perpetual swaps referencing real-world assets (RWAs) for institutional clients, with pricing based on perpetual contracts listed by Trade.xyz on Hyperliquid. According to Odaily, the product offers continuous trading across more than 100 reference markets, including individual stocks, stock indexes, ETFs, metals, energy and foreign exchange. Ripple Prime acts as the counterparty, and the contracts do not confer ownership of underlying assets or involve physical delivery. Clients can cross-margin positions against other assets on the platform, and eligible clients can use RLUSD as collateral. Market maker Virtu is among the product’s early users. The service is currently offered under relevant British Virgin Islands licenses, with expansion to additional regions planned.