Ripple expands partnership with TJM
Ripple invested in TJM and will support the firm’s institutional execution and clearing services.
Ripple expanded its partnership with TJM Investments and TJM Institutional Services, investing in TJM and broadening support for institutional trade execution and clearing.
The company said in a statement that Ripple Prime and TJM have a long-standing relationship focused on providing institutions trade execution, clearing and financing. The expanded agreement, the company added, enables TJM to offer clients improved capital and collateral efficiency, enhanced clearing stability and balance-sheet support.
Ripple will continue to provide infrastructure to support TJM’s execution and clearing services, the company said. “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,” said Noel Kimmel, President of Ripple Prime. “Ripple Prime has long been an important partner to TJM and our joint clients, delivering the operational standards expected by the most sophisticated financial market participants worldwide,” said Steve Beitler, Co-Manager, TJM.
The company said TJM expects to expand coverage into digital assets in the coming months for clients including hedge funds, family offices, asset managers and global investors.
The Recap
- Ripple invested in TJM to expand execution and clearing support.
- Expanded partnership aims to improve capital and collateral efficiency.
- TJM expects to add digital-asset coverage in the coming months.
