Standard Chartered adds Ripple’s RLUSD to crypto custody

Standard Chartered has launched institutional custody services for Ripple's RLUSD stablecoin on the XRP Ledger on October 12, while preparing a separate arrangement with Ripple and LMAX Group that would allow clients to use the digital asset as trading collateral without moving it from the bank. Standard Chartered launched institutional custody for Ripple USD on XRP Ledger through its Dubai branch. Ripple and LMAX plan to let clients use RLUSD as collateral without transferring underlying tokens. The collateral arrangement remains subject to testing, final documents, internal approval, and applicable regulatory requirements.