Ripple Prime has expanded its Hyperliquid integration to include HIP-3 symbols, giving institutional traders on-chain access to oil, gold, and silver perpetuals for the first time. The update was announced by Ripple Prime CEO Michael Higgins. Under the setup, institutions can trade commodity perpetuals through a single prime brokerage framework with one margin system, consolidated risk management, and a single counterparty relationship.
A 24/7 route for commodity exposure
The move targets a gap left by traditional market hours. According to the source material, when CME is closed on weekends, traders do not have a live venue to hedge oil exposure in real time. During volatility tied to the Iran war, Hyperliquid became one of the few venues pricing oil around the clock, including periods of escalation and missed Strait of Hormuz deadlines. Ripple Prime is now routing institutional flow into that infrastructure.
HIP-3 volumes are already substantial
The numbers cited in the report show this market is active already. HIP-3 daily volume reached $2.30 billion on Monday, while open interest stood at $1.99 billion. Among the top 30 markets on Hyperliquid, only 7 are crypto pairs, with the rest tied to commodities and equities. Oil contracts alone carried nearly $300 million in WTI-linked open interest, and daily volume topped $674 million during peak volatility connected to the Iran war.
Why XRP and HYPE are part of the story
Both XRP and HYPE are described as having direct exposure to the expansion. For HYPE, more institutional participation would raise activity across HIP-3 markets. The report notes that HYPE previously climbed 24% when silver perpetual volume exceeded $1.25 billion in a single day. At the time of publication, HYPE was trading at $35.91, down 5.51% over the past 24 hours.
For XRP, the integration extends Ripple Prime’s institutional reach and introduces cross-margining alongside XRP-related exposure and commodity positions. XRP was quoted at $1.31, down 2.62% on the day. In practical terms, the report frames this as a live institutional entry point for the RWA tokenization theme, backed by active markets and current trading demand rather than a future rollout.