- Standard Chartered’s RLUSD custody service on XRPL is live for eligible institutional clients through its DFSA-regulated DIFC branch.
- Standard Chartered, Ripple and LMAX Group are planning to use RLUSD as eligible collateral for certain trading products.
- The collateral integration is not yet live and remains subject to testing, documentation and regulatory requirements.
Standard Chartered has launched institutional custody for Ripple USD (RLUSD) on the XRP Ledger (XRPL), giving eligible clients access to the stablecoin through the bank’s digital asset custody services.
The bank announced the launch on October 12, 2026. The service is available through Standard Chartered’s Dubai International Financial Centre (DIFC) branch, which is regulated by the Dubai Financial Services Authority (DFSA).
The move gives institutional clients a way to hold RLUSD through a bank’s custody infrastructure rather than manage the assets themselves. RLUSD is Ripple’s US dollar-backed stablecoin, designed for use across payments, trading and other financial services.
Standard Chartered is also working with Ripple and LMAX Group on a separate plan to make RLUSD eligible as collateral for certain LMAX products. That arrangement is not yet live.
Ripple and LMAX Plan RLUSD Collateral Integration
Under the proposed setup, eligible RLUSD held in custody would be reflected in the collateral value recognised by LMAX Group, without requiring the underlying tokens to be transferred directly to the trading venue.
The companies say this model could give institutional clients more flexibility in using digital assets for trading while reducing risks linked to asset transfers and helping manage counterparty exposure. It is also intended to improve how clients deploy capital across trading and collateral accounts.
The planned integration remains subject to final documentation, successful testing, applicable laws and regulations, internal approvals and readiness in the relevant jurisdictions. The companies have not announced a launch date.
Standard Chartered’s Waqar Chaudry, global head of digital assets for securities and transaction services, said institutions want access to digital asset markets while maintaining established custody and risk-management standards.
Ripple’s stablecoin chief, Jack McDonald, said the partnership combines RLUSD on XRPL with Standard Chartered’s custody services and LMAX’s institutional trading infrastructure.
The announcement follows Standard Chartered’s broader expansion of digital asset custody services. In September, the bank named LMAX Group as a custody client across its Dubai and Luxembourg operations.
The latest development adds RLUSD to that institutional offering, while the planned collateral arrangement could extend the stablecoin’s use beyond holding and settlement into trading workflows.
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