CryptoMedium•12 October 2026•
1 min read
Standard Chartered Launches Institutional Custody for Ripple's RLUSD
Key Facts
1Standard Chartered has launched institutional custody services for Ripple's RLUSD stablecoin on the XRP Ledger.
2The bank is planning to enable RLUSD as collateral for certain trading products in collaboration with Ripple and LMAX Group.
3The new collateral arrangements are subject to documentation, testing, and final regulatory approvals.
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.