Standard Chartered and Cross River Bank Launch Services for Ripple's RLUSD

Key Facts

1Standard Chartered announced a custody service for Ripple's RLUSD stablecoin.

2Cross River Bank outlined its planned settlement support for RLUSD.

3Evernorth began Nasdaq trading under the ticker XRPN on October 12.

Standard Chartered announced the launch of a custody service for Ripple's RLUSD stablecoin through its Dubai International Financial Centre branch. TokenPost reported that Cross River Bank also outlined plans to support settlement operations for RLUSD, allowing eligible businesses to move funds between U.S. dollars and the stablecoin via a single API.

This institutional expansion coincided with Evernorth Holdings beginning trade on the Nasdaq exchange under the ticker XRPN on October 12, 2026. Regarding related equities, SCBFY closed at $56.15 on October 16, 2026, while NDAQ closed at $93.97 on the same date.