Ripple launches real-world asset perpetual swaps on Ripple Prime for institutional clients

Ripple Prime launched 24/7 real-world asset perpetual swaps for institutional clients on October 15, 2026, expanding coverage across more than 100 markets including equities, metals, and foreign exchange. The products reference Trade.xyz perpetual futures listed on Hyperliquid, with Ripple Prime acting as principal. Clients such as U.S. market maker Virtu can post RLUSD stablecoins as collateral and cross-margin positions, seeking entry into a real-world asset perpetual futures sector that reached $9 billion in open interest.

Core product launch and features

• ▪Trading and settlement for Ripple Prime's real-world asset perpetual swaps operate 24 hours a day, seven days a week, including weekends after underlying stock exchanges close
• ▪Ripple Prime offers real-world asset perpetual swaps covering over 100 reference markets across equities, equity indices, exchange-traded funds, metals, energy, and foreign exchange
• ▪Ripple Prime launched real-world asset perpetual swaps on October 15, 2026, enabling institutional clients to trade perpetual derivative contracts linked to traditional assets without expiration dates

Counterparty structure and licensing

• ▪Ripple Prime serves as the principal counterparty on every real-world asset perpetual swap trade
• ▪Ripple Prime offers its real-world asset perpetual swaps under its CIV BVI license, with plans to expand into additional jurisdictions

Integration with Hyperliquid

• ▪Ripple Prime originally added platform support for Hyperliquid in February 2026
• ▪Ripple Prime real-world asset perpetual swaps derive their values from perpetual futures listed by Trade.xyz on the decentralized derivatives venue Hyperliquid
• ▪Institutional clients trade Hyperliquid perpetual futures through their Ripple Prime account without connecting directly to the permissionless venue

Collateral and cross-margining options

• ▪Ripple Prime allows institutional users to cross-margin swap positions against other supported asset classes to reduce overall portfolio collateral requirements
• ▪Ripple Prime clients can post Ripple USD stablecoins as collateral for real-world asset perpetual swaps, subject to jurisdictional availability

Virtu participation and reaction

• ▪U.S. market maker Virtu is among the institutional clients actively trading real-world asset perpetual swaps on Ripple Prime
• ▪Scotte Moegling, head of business development for digital assets at Virtu, stated that Ripple Prime's 24/7 cross-margining helps Virtu expand across emerging liquidity pools

Market growth and institutional demand

• ▪Open interest in real-world asset perpetual futures across major trading platforms expanded from near zero to approximately $9 billion over the past year
• ▪Michael Higgins, international CEO of Ripple Prime, stated that institutional traders are seeking 24/7 access to traditional assets and pursuing basis trades using perpetual contracts