Standard Chartered now offers RLUSD custody on XRP Ledger, joins Ripple and LMAX collateral plan

Standard Chartered now provides institutional custody of Ripple USD (RLUSD) issued on the XRP Ledger through its DIFC Branch, regulated by the Dubai Financial Services Authority, giving eligible clients access to its digital asset custody infrastructure. The bank is also working with Ripple and LMAX Group to make RLUSD eligible collateral for agreed LMAX products, extending Standard Chartered's collateral mirroring model to LMAX so underlying RLUSD need not be transferred to the venue. The parties say this may reduce transfer-related operational risk and improve capital efficiency. Future capabilities remain subject to documentation, testing, approvals and jurisdictional readiness.

✨ AI summary of the linked source — not editorial content.

Explore the topic

• Ripple
• XRP
• Standard Chartered