Standard Chartered launches custody for Ripple’s RLUSD stablecoin, eyes collateral deal with LMAX
Standard Chartered has introduced institutional custody services for Ripple’s RLUSD stablecoin on the XRP Ledger via its Dubai International Financial Centre branch. The bank plans to broaden use cases by enabling clients of LMAX Group to use RLUSD as trading collateral while keeping the tokens under the bank’s custody.
Standard Chartered launches custody for RLUSD
Standard Chartered, a UK-based multinational bank, announced the launch of institutional custody services for Ripple’s RLUSD stablecoin pegged to the US dollar. The service operates through the bank’s Dubai International Financial Centre (DIFC) branch, providing eligible institutional clients access to secure custody of digital assets on the XRP Ledger (XRPL).
Plans to partner with LMAX Group for collateral use of RLUSD
Beyond custody, Standard Chartered aims to expand capabilities by integrating with LMAX Group, an institutional trading platform. The bank intends to offer a collateral-mirroring model permitting clients to use RLUSD as trading collateral without needing to transfer tokens onto LMAX’s platform itself. This approach is designed to reduce transfer-related risks and aid institutions in managing counterparty exposure.
Ripple and LMAX Group had announced their partnership earlier in January 2026 to promote institutional adoption of RLUSD.
The rollout of these collateral features awaits completion of final documentation, regulatory approvals, testing, and internal clearances.
Why it matters
This development highlights growing interest among major financial institutions in digital assets and stablecoins within the institutional sector. Standard Chartered’s RLUSD custody offering via DIFC enhances secure access and storage options for digital assets. Crucially, enabling RLUSD to be used as trading collateral without token transfers minimizes operational and counterparty risks for institutional clients. The partnership with LMAX Group underscores the move toward integrating crypto technologies into traditional financial workflows, solidifying Ripple’s role as a significant player in digital payments infrastructure.
Prepared from the source material with AI-assisted editing and checked against the supplied facts.
Open original source ↗