Standard Chartered offers RLUSD custody in Dubai and plans LMAX collateral link
Ripple previously gave LMAX $150 million in financing to integrate RLUSD into its institutional infrastructure.
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Summary
- Standard Chartered’s Dubai branch now offers regulated institutional custody of Ripple’s dollar-pegged RLUSD stablecoin on the XRP Ledger.
- The bank and LMAX Group plan to let clients use RLUSD held at Standard Chartered as trading collateral without transferring it to the venue, subject to testing, regulatory requirements and approvals.
- The arrangement advances Ripple’s effort to establish RLUSD as an institutional settlement and collateral asset while expanding Standard Chartered’s digital-asset custody business.
