Standard Chartered Launches Institutional Custody for Ripple USD on XRP Ledger
Standard Chartered PLC (LSE:STAN) has launched an institutional custody service for Ripple USD (BITSTAMP:RLUSDUSD) on the XRP Ledger. The service is operated through the bank's Dubai International Financial Centre branch under regulation by the Dubai Financial Services Authority. Eligible institutional clients can now hold and manage the stablecoin using the bank's digital asset storage infrastructure.
This initiative allows institutional investors to participate in digital asset markets with bank-grade risk management and asset safeguarding. Furthermore, Standard Chartered is working on a planned arrangement with Ripple and LMAX Group. Under this proposed setup, institutional clients will be able to pledge their RLUSD holdings as trading collateral on LMAX without needing to transfer tokens directly onto the exchange.
The collateral arrangement with LMAX Group remains subject to final documentation, testing, and regulatory approval before launching. Looking ahead, Standard Chartered also plans to broaden its digital asset custody footprint by expanding institutional stablecoin services into Singapore by the end of 2026.
Key points
- Standard Chartered PLC (LSE:STAN) launched custody for Ripple USD (BITSTAMP:RLUSDUSD) on the XRP Ledger.
- The service is provided via the bank's Dubai International Financial Centre branch under DFSA regulation.
- A planned partnership with LMAX Group will allow institutions to use RLUSD as collateral without moving tokens to an exchange.
- Standard Chartered plans to expand its institutional stablecoin custody services to Singapore by the end of 2026.
Written by our AI from expert market sources across the web. It can contain mistakes: check the facts before acting on them. Write-ups powered by the free AI API at FreeTheAI.org
How we writeDisclaimerQuestions and answers
Where is Standard Chartered offering Ripple USD custody?
Standard Chartered provides custody for Ripple USD through its Dubai International Financial Centre branch, which is regulated by the Dubai Financial Services Authority.
How will institutions use Ripple USD with LMAX Group?
Under a planned arrangement, institutional clients can keep their RLUSD stored securely with Standard Chartered while using its value as trading collateral on LMAX Group without transferring tokens to the exchange.
When will Standard Chartered offer stablecoin custody in Singapore?
Standard Chartered plans to expand its institutional stablecoin custody services to Singapore by the end of 2026.