# Standard Chartered Launches RLUSD Custody and Prepares Collateral Deal With LMAX

- URL: https://stocks.freetheai.org/news/standard-chartered-launches-rlusd-custody-and-prepares-collateral-deal-with-lmax-9b30dd
- Published: 2026-10-12T09:30:57Z
- Category: crypto; sentiment: bullish; impact: medium
- Symbols: [CRYPTO:RLUSDUSD](https://stocks.freetheai.org/symbols/CRYPTO-RLUSDUSD), [LSE:STAN](https://stocks.freetheai.org/symbols/LSE-STAN)
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Standard Chartered PLC (LSE:STAN) has introduced institutional custody services for Ripple USD (CRYPTO:RLUSDUSD), Ripple's RLUSD stablecoin, through its Dubai International Financial Centre branch. The rollout on the XRP Ledger gives eligible institutional clients direct access to the bank's digital asset custody infrastructure.

The multinational lender is also working to expand the stablecoin's utility in institutional trading. Under a planned collateral-mirroring model with trading firm LMAX Group, clients would be able to use RLUSD holdings as trading collateral while keeping the tokens securely in Standard Chartered's custody. LMAX would recognize the value of the assets without requiring token transfers to its platform, lowering counterparty exposure and settlement risks.

This move builds on an earlier partnership established between Ripple and LMAX Group in January 2026 to increase institutional stablecoin adoption. Implementation of the new collateral framework remains subject to final documentation, system testing, internal approvals, and regulatory clearance.

## Key points

- Standard Chartered PLC (LSE:STAN) launched institutional custody for Ripple's RLUSD stablecoin through its Dubai branch on the XRP Ledger.
- The bank plans to partner with LMAX Group to enable clients to use RLUSD as trading collateral while retaining custody at the bank.
- The collateral-mirroring arrangement aims to reduce counterparty exposure and transfer risks for institutional market participants.
- Additional collateral features remain subject to internal approvals, testing, final documentation, and regulatory compliance.

## Questions and answers

### What new service did Standard Chartered launch for Ripple USD?

Standard Chartered launched institutional custody services for Ripple's RLUSD stablecoin on the XRP Ledger through its Dubai International Financial Centre branch.

### How will the Standard Chartered and LMAX Group collateral deal work?

The proposed collateral-mirroring model allows clients to use RLUSD as trading collateral with LMAX Group while keeping the tokens in Standard Chartered's custody, helping reduce transfer and counterparty risks.

### Are Standard Chartered's RLUSD collateral capabilities operational yet?

No, the expanded collateral features remain subject to final documentation, internal approvals, testing, and regulatory requirements.