Standard Chartered brings Ripple’s RLUSD into banking custody after $765 million quarterly surge
Standard Chartered has launched custody for Ripples RLUSD stablecoin as it prepares to expand its use as collateral for institutional trading. Related Asset Ripple USD RLUSD · Stablecoin On Oct. 12, the bank announced that eligible institutional clients can now hold RLUSD issued on the XRP Ledger (XRPL) through its Dubai International Financial Center branch, regulated by the Dubai Financial Services Authority. The launch forms part of a broader arrangement with Ripple and trading group LMAX that would allow institutions to use RLUSD as collateral while keeping their stablecoin holdings with Standard Chartered. Related Company Ripple Financial technology and enterprise blockchain company Under the proposed model, the bank would mirror the value of eligible RLUSD holdings to LMAX, enabling clients to support trading positions without transferring the underlying tokens directly to the venue. The arrangement could reduce counterparty exposure and operational risks associated with moving assets between custodians and exchanges, while allowing institutions to deploy capital across trading activities. Ripple expands RLUSDs institutional reach after rapid supply growth The development comes as RLUSD emerges as one of the fastest-growing stablecoins by absolute market value added, reflecting Ripples efforts to expand its use across financial markets. According to RWA Foundation, Ripple recorded the second-largest increase in stablecoin market capitalization during









