Standard Chartered has launched institutional custody services for Ripple’s RLUSD stablecoin on the XRP Ledger through its Dubai International Financial Centre branch, giving eligible institutional clients access to its digital asset custody infrastructure. The UK-based bank plans to extend its collateral-mirroring model to LMAX Group, allowing clients to use RLUSD as trading collateral without transferring tokens to the trading platform. This approach aims to reduce transfer-related risks and help institutions manage their exposure to trading counterparties. Ripple and LMAX Group previously announced a partnership in January 2026 to expand institutional use of the stablecoin. The additional collateral capabilities remain subject to final documentation, testing, regulatory requirements and internal approvals.
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