Standard Chartered Adds Institutional Custody for Ripple’s RLUSD Stablecoin
Standard Chartered is now offering institutional custody services for Ripple’s RLUSD stablecoin on the XRP Ledger, while working with Ripple and LMAX Group to support the use of the token as trading collateral, according to information shared by Cointelegraph. The development brings a major international bank’s custody services into RLUSD’s institutional market infrastructure.
The reported collaboration involves three companies: Standard Chartered, which provides custody services; Ripple, the issuer of RLUSD; and LMAX Group, a financial markets infrastructure provider. Their work is focused on making the stablecoin usable as collateral in trading activities, although the post does not specify when the functionality will become available or which trading products will support it initially.
Standard Chartered Expands RLUSD Institutional Custody
Institutional custody is designed to help financial firms safeguard digital assets under specialized operational and security arrangements. Standard Chartered’s reported support for RLUSD on the XRP Ledger gives institutional participants a banking-based custody option for the stablecoin.
RLUSD is Ripple’s US dollar-backed stablecoin. Its role in digital asset markets includes providing a token designed to maintain a value linked to the US dollar. The reported custody service concerns RLUSD operating on the XRP Ledger, rather than establishing that the same service is available across every blockchain on which the stablecoin may be supported.
The Cointelegraph post does not provide further details about the custody service’s launch date, eligible customers, geographic availability, fees or specific operational arrangements. Those details therefore remain unclear based on the information shared.
Ripple and LMAX Group Work on Trading Collateral
The collaboration also includes efforts to make RLUSD usable as trading collateral through work involving Ripple and LMAX Group. Collateral is commonly used by trading firms to support positions and meet obligations under financial agreements. Allowing a stablecoin to serve that function can connect digital assets with established trading infrastructure, subject to the rules and requirements of the relevant platforms.
However, the available post does not identify the markets or instruments that would accept RLUSD as collateral, nor does it provide a timetable for implementation. It also does not state whether the service is already operational or remains under development.
The involvement of Standard Chartered and LMAX Group places the initiative at the intersection of digital asset custody and institutional trading services. Still, the precise scope of the arrangement will depend on the terms and capabilities ultimately made available to customers.
What the Announcement Establishes
The information shared by Cointelegraph identifies two central elements: Standard Chartered’s institutional custody support for RLUSD on the XRP Ledger and ongoing work involving Ripple and LMAX Group to enable the stablecoin’s use as trading collateral.
The post does not provide additional information on transaction volumes, customer commitments, regulatory approvals or projected adoption. It also does not establish that RLUSD is already accepted as collateral across LMAX Group’s trading services.
Further details about availability, supported trading products and implementation timing remain open questions as the three companies work on the stated objective.
Writer: Ethan Collins
Crypto Journalist
Ethan Collins reports on developments across the cryptocurrency and blockchain sector. His work covers market movements, protocol updates, regulatory changes, and emerging trends in digital assets.
He focuses on presenting complex topics in a clear and accessible manner for a broad readership.
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