Big Ripple (XRP) Development as Standard Chartered Goes Live With RLUSD Custody

Standard Chartered has launched institutional custody support for Ripple’s native stablecoin and is working with the company and LMAX Group on a broader collateral integration aimed at bringing the asset deeper into institutional trading. The service is now live through the bank’s DIFC Branch in Dubai, which is regulated by the Dubai Financial Services Authority, and allows eligible clients access to Standard Chartered’s digital asset custody infrastructure. The banking behemoth wants to make RLUSD eligible collateral for selected LMAX products and services, and the current planned structure indicates that Standard Chartered would extend its mirroring model to the latter.