Standard Chartered launches custody for Ripple’s RLUSD on XRP Ledger
The bank is working with Ripple and LMAX Group to enable RLUSD as collateral for certain LMAX products under its collateral mirroring model.
Standard Chartered has introduced custody services for Ripple's RLUSD stablecoin on the XRP Ledger and intends to enable institutions to utilize the tokens as trading collateral. The UK-based multinational bank commenced offering RLUSD support on the XRP Ledger (XRPL) through its Dubai International Financial Centre (DIFC) branch, granting qualified institutional clients access to its digital asset custody services.
Standard Chartered aims to expand its collateral-mirroring approach to LMAX Group, an institutional trading company, allowing clients to employ RLUSD as trading collateral while preserving the tokens in the bank's custody. This arrangement would enable LMAX to ascertain the value of eligible RLUSD holdings without necessitating clients to transmit the tokens to its trading platform, potentially mitigating transfer-related risks and aiding institutions in managing their exposure to trading counterparties.
Ripple, the blockchain payments firm behind RLUSD, and LMAX Group announced a partnership in January 2026 to broaden institutional use of the stablecoin. Standard Chartered clarified that the supplementary collateral functionalities are contingent upon final documentation, testing, regulatory prerequisites, and internal authorizations.
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- Standard Chartered adds Ripple USD custody, eyes LMAX collateral deal cointelegraph.com