RLUSD
−0.0%Standard Chartered launches RLUSD custody service in Dubai with LMAX plans
Image: CoinGapeStandard Chartered opened a bank‑grade custody service for Ripple's RLUSD stablecoin at its Dubai DIFC branch on October 12, 2026. The service targets institutional investors, offering secure storage and capital‑efficient deployment of the dollar‑pegged token. A partnership with LMAX Group is planned to allow RLUSD to be used as collateral for LMAX products. The rollout follows RLUSD's 2024 launch and growing interest from traditional finance firms.
Key points
- The custody service is aimed at institutional clients seeking secure storage and capital efficiency.
- A partnership with LMAX Group is planned to make RLUSD eligible as collateral for LMAX products.
- RLUSD is a dollar‑pegged stablecoin that launched in 2024 and is being adopted by traditional finance firms.
Why it matters
Institutional custody gives large investors a regulated way to hold RLUSD, potentially increasing stablecoin usage in finance and improving liquidity across markets.
What's unclear
Final regulatory approval and testing for the LMAX collateral integration remain pending.
The timeline for expanding RLUSD custody beyond the Dubai DIFC branch has not been disclosed.
Price context · RLUSD
At publication
$1.00
Now
$1.00
Change since
+0.00%
7 days · dashed line = publication
Sources · 2 publishers
CoinGape
Tier 2
Ripple Mints $38.6M RLUSD, Burns $50.6M as Standard Chartered Custody Goes Live
Coverage timeline
- First reported by ZyCrypto
- Also reported by CoinGape
- CryptoVideos brief published
How this brief was made. This event appears in reports from 2 publishers. AI drafted the brief from selected reports. Automated checks compare numeric values and topic terms with the source text, but may miss errors. Read the linked reports for context. Report an error
