Ripple, the financial technology company that offers crypto solutions for businesses, announced a partnership with TJM Investments, a FINRA registered Broker Dealer and TJM Institutional Services, a N.F.A. registered Introducing Broker. TJM’s entities help institutional clients access global markets. Under the terms of the partnership, Ripple invested in TJM, and will continue to provide infrastructure to “support TJM’s execution and clearing services.”
Ripple’s multi-asset prime brokerage platform, Ripple Prime, and TJM have a long-standing relationship “focused on collaboratively providing institutions high-quality trade execution, clearing, and financing.”
The partnership with Ripple reportedly enables TJM to “offer its clients capital and collateral efficiency as well as clearing stability and balance-sheet support.”
Moreover, leveraging the depth of Ripple Prime’s capabilities in digital markets, TJM expects to “expand its coverage into digital assets in the coming months for its clients including hedge funds, family offices, asset managers and global investors.”
Noel Kimmel, President of Ripple Prime said that TJM’s strong execution experience across asset classes, “combined with the scale and reach of Ripple Prime, is a powerful value proposition for institutions globally.”
Kimmel added that they “look forward to supporting the continued growth of TJM’s business, including through its expansion into digital assets, and to participating in that growth as a strategic investor.”
Steve Beitler, Co-Manager, TJM said that they are pleased “to build on our relationship through this investment, which provides TJM with the resources and infrastructure required to support the order flow we execute on behalf of counterparties, particularly as institutions increasingly seek exposure to digital assets.”
As noted in the update, Ripple is a fintech that “offers crypto solutions for businesses.”
Ripple Payments uses blockchain to “make cross-border payments faster, more transparent, and widely accessible.”
Ripple Custody offers customers a way to “store and manage digital assets.”
Through Ripple Prime, the company offers a multi-asset prime brokerage for institutional customers.
Ripple’s stablecoin (RLUSD) and the cryptocurrency, XRP, are leveraged across these solutions in order to “make traditional finance more efficient and enable new ways to utilize digital assets.”
