Standard Chartered Launches Institutional Custody for Ripple's RLUSD
Key Facts
Standard Chartered has launched institutional custody services for Ripple's RLUSD stablecoin on the XRP Ledger. The Block reported that the initiative aims to provide bank-held stablecoin infrastructure for professional clients.
The bank is planning to enable RLUSD as collateral for certain trading products in collaboration with Ripple and LMAX Group, according to TokenPost. These new collateral arrangements remain subject to documentation, testing, and final regulatory approvals. SCBFY closed at $56.7 on October 9, 2026, having reached a day high of $57.13 during that session.
Latest Updates · 4
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Update: The bank provides these services through its Dubai International Financial Centre (DIFC) branch, regulated by the DFSA. RLUSD currently holds a market value of approximately $2.45 billion, representing less than 1% of the total $306 billion stablecoin market.
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Update: Standard Chartered's Dubai branch officially commenced RLUSD custody services on October 12, 2026. The service includes an integration with LMAX Group that allows clients to utilize the stablecoin as trading collateral while the tokens remain securely in the bank's custody.
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Update: Standard Chartered will offer RLUSD custody services to eligible clients through its branch in the Dubai International Financial Centre (DIFC). This geographic expansion is part of the bank's strategy to provide digital asset solutions in key financial hubs.
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Update: The partnership deal between Ripple and LMAX Group reached a valuation of $150 million on October 12, 2026. This valuation comes as the technical collaboration to use the stablecoin as collateral for trading operations advances.