Ripple announced an expanded partnership and a strategic minority investment in TJM Investments and TJM Institutional Services, aimed at accelerating institutional trade execution, clearing and financing via its Ripple Prime prime-brokerage platform.
The agreement embeds Ripple Prime technology into TJM’s broker-dealer operations to deliver faster settlement, improved capital efficiency and deeper liquidity for institutional clients, according to a joint release reported by BusinessWire. The integration is designed to bring digital-asset execution, clearing and financing into a regulated broker-dealer environment.
Ripple Prime’s cross-margining and multi-asset capabilities are intended to allow institutions to collateralize positions across spot, swaps and futures, optimizing balance-sheet usage and enhancing capital efficiency across portfolios.
The integration leverages near-instant settlement on the XRP Ledger—cited at roughly 3–5 seconds per transaction—to reduce counterparty exposure and shorten funding cycles for trading desks. Ripple’s stablecoin, RLUSD, is noted as a component of the infrastructure; its market cap was reported at $789 million in Q3 2025, including $88.8 million on the XRP Ledger.
“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,” Noel Kimmel, President of Ripple Prime, said, according to BusinessWire.
Ripple expands institutional trading push: execution, clearing and financing
Regulatory clarity is an explicit pillar of the arrangement, with the partnership leveraging TJM’s registrations with FINRA and the NFA to offer a regulated pathway for traditional institutions. The legal backdrop includes a $125 million settlement between Ripple and the U.S. Securities and Exchange Commission in August 2025, which analysts cited as a catalyst for renewed institutional engagement in Ripple’s ecosystem and as removing a significant legal hurdle for certain XRP-related activities.
For traders and crypto treasuries, the operational implications are practical: faster settlement could reduce intraday funding needs; cross-margining may lower gross capital requirements; and custody plus clearing via a FINRA-registered counterparty addresses several compliance and operational concerns.
Risks remain, notably execution liquidity depth across derivatives and spot venues, and the dependence on counterparties’ internal controls and regulatory compliance, prompting market participants to evaluate counterparty concentration and on‑ramp/off‑ramp liquidity when considering allocations.
The partnership sets a near-term operational target as TJM expects to expand its coverage into digital assets in the coming months, integrating Ripple Prime functionality into client offerings.
