By Isaac • October 12, 2026 3:08 pm •
Standard Chartered has moved Ripple USD one step deeper into the traditional financial system.
The bank said Monday that institutional custody for RLUSD issued on the XRP Ledger is now live through its Dubai International Financial Centre branch. That branch is regulated by the Dubai Financial Services Authority, giving eligible clients a bank-operated place to hold the stablecoin.
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That is the completed part of the announcement. The more ambitious piece—a plan to let institutions use RLUSD held at Standard Chartered as collateral for certain products at LMAX Group—is still being built.
JUST IN: Standard Chartered launches institutional custody for Ripple’s RLUSD stablecoin on $XRP Ledger. pic.twitter.com/DtI0z3qZKq
— Whale Insider (@WhaleInsider) October 12, 2026
Custody first,
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