Standard Chartered adds Ripple USD custody, eyes LMAX collateral deal
Reported by Cointelegraph · AI-assisted summary by ChikoCorp AI News Desk
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Summary
Standard Chartered has introduced institutional custody services for Ripple’s RLUSD stablecoin through its Dubai International Financial Centre branch. The bank plans to expand RLUSD’s use as trading collateral by partnering with LMAX Group, enabling clients to use RLUSD as collateral without transferring tokens to the trading platform. This service aims to reduce transfer-related risks for institutional clients.
Why it matters
The development offers a potentially safer and more efficient way for institutions to manage RLUSD holdings and trading collateral, which could facilitate wider adoption of the stablecoin in institutional trading. The source does not elaborate further on the broader market or policy impact.
Key context
Ripple’s RLUSD stablecoin operates on the XRP Ledger. Standard Chartered’s collateral-mirroring model allows trading entities to value RLUSD holdings held in custody without requiring token transfers. Ripple and LMAX Group announced a partnership in January 2026 to promote institutional use of RLUSD.
Key numbers and entities
Standard Chartered, Ripple, RLUSD stablecoin, XRP Ledger (XRPL), Dubai International Financial Centre (DIFC), LMAX Group.
What remains unclear
The timeline for implementing collateral use with LMAX Group, specific regulatory approvals needed, and detailed client eligibility criteria have not been provided. Further details from Standard Chartered are pending.