The TJM operates as a FINRA-registered broker-dealer and an NFA-registered introducing broker, providing institutional clients access to global markets. Under the expanded arrangement, Ripple will continue supplying infrastructure to support TJM’s execution and operations, while also improving capital efficiency, security management, and balance-sheet stability for institutional counterparties.
The partnership builds on a long-standing relationship through Ripple Prime, Ripple’s multi-asset prime brokerage platform that supports execution, clearing, and financing across asset classes. Noel Kimmel, President of Ripple Prime, said the expansion reflects years of collaboration between the two firms. He further added,
We are pleased to deepen our partnership with TJM, which reflects the shared vision and trust the principals of our businesses have cultivated for over a quarter-century,
Digital Asset Expansion Planned Through Ripple Prime
As part of the agreement, TJM plans to extend its services into digital assets, using Ripple Prime’s existing market infrastructure. The expansion is expected to support institutional clients such as hedge funds, family offices, asset managers, and global investors seeking regulated access to crypto markets.
Steve Beitler, Co-Manager at TJM, said the partnership has been critical in meeting institutional operational standards. As Beitler said,
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,
In brief, Ripple is trying to explain that the enhancements are designed to support higher institutional trading volumes as expansion into digital assets.
Ripple’s Broader Institutional Push Continues
In addition to a recent Ripple expansion in Africa we highlighted, when RedotPay launched instant crypto-to-Naira service, this TJM announcement follows Ripple’s recent rollout of spot digital asset prime brokerage services in the United States, expanding access for institutional clients. The U.S. offering allows institutions to trade spot digital assets, including XRP and Ripple’s stablecoin RLUSD, within a consolidated prime brokerage structure.
As of now, XRP is trading at $1.87, decrease at the price of 0.31% over the past 24 hours and 7.72% over the past week. See XRP price chart below

