Standard Chartered launches institutional RLUSD custody

Standard Chartered launched institutional custody for Ripple USD on the XRP Ledger through its Dubai International Financial Centre branch. It is also working with Ripple and LMAX Group on potential use of RLUSD as collateral through a mirroring structure.

Custody being live is distinct from the proposed collateral integration, which has not been described as fully launched. The development shows how banks are separating safekeeping, trading-venue exposure and asset movement in institutional stablecoin workflows.