RLUSD
−0.0%Standard Chartered launches institutional custody for Ripple stablecoin RLUSD
Image: CoinGapeStandard Chartered launched institutional custody support for Ripple's RLUSD stablecoin on the XRP Ledger. The service operates through the bank's Dubai International Financial Centre Branch under Dubai Financial Services Authority oversight. The bank partnered with LMAX Group to let institutional clients mirror stored RLUSD for trading and collateral management without moving the underlying assets.
Key points
- Standard Chartered launched institutional custody support for Ripple's RLUSD stablecoin on the XRP Ledger.
- The custody service operates through the bank's DIFC Branch under Dubai Financial Services Authority oversight.
- Standard Chartered partnered with LMAX Group to enable RLUSD trading and collateral mirroring without moving underlying assets.
Why it matters
Institutional clients can use custody and trading infrastructure to deploy RLUSD assets across global markets without moving the underlying tokens.
What's unclear
Specific requirements for select institutional clients to access the RLUSD custody service were not stated.
Price context · RLUSD
At publication
$1.00
Now
$1.00
Change since
+0.00%
7 days
Sources · 4 publishers
CoinGape
Tier 2
BREAKING: Standard Chartered Launches Custody for Ripple’s RLUSD Stablecoin
The Defiant
Tier 1
Standard Chartered Launches RLUSD Custody Through Dubai Branch
AMBCrypto
Tier 2
Standard Chartered launches RLUSD custody, plans LMAX trading integration
Coverage timeline
- First reported by The Block
- Also reported by CoinGape
- CryptoVideos brief published
- 2 more publishers added to sources
- Brief updated
How this page is checked. AI drafted this brief from selected independent reports. Automated checks compare numbers, source coverage and topic terms, but may miss errors. Publication and evidence refreshes run automatically. Read the linked reports for context. Report an error
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