Ripple Prime launches 24/7 perpetual swaps on traditional assets for institutions

Wall Street still mostly keeps banker’s hours. Ripple would like institutional traders to stop being bound by them. On October 15, 2026, Ripple Prime opened up access to 24/7 real-world asset (RWA) perpetual swaps for its institutional clients. The product covers more than 100 traditional reference markets, and it runs through Trade.xyz on Hyperliquid, a decentralized derivatives platform. What Ripple Prime actually launched A perpetual swap, or “perp,” works like a futures contract that never expires. Traders can hold a position for as long as they like, without rolling it into a new contract every month or quarter. The reference markets cover equities, equity indices, ETFs, metals, energy, and foreign exchange. Ripple Prime acts as principal and clearing partner for trades executed on Hyperliquid through Trade.xyz. That role means Ripple Prime sits between its clients and the onchain venue, so institutions can reach decentralized liquidity through a familiar prime brokerage relationship. The business operates under a CIV BVI license. Ripple Prime says it plans to expand into other regions. Virtu signs on, and the market numbers behind it One early client is Virtu, the institution...