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Standard Chartered launches Ripple-based custody service on XRP Ledger, boosting crypto tokenization.

Market News
12 Oct 2026
UToday
View Source
Bullish
Standard Chartered launches Ripple-based custody service on XRP Ledger, boosting crypto tokenization.

Standard Chartered has launched a custody service for the Ripple USD (RLUSD) stablecoin on the XRP Ledger via its Dubai branch, marking a significant step in institutional adoption of Ripple technology. This service allows clients to use RLUSD for margin trading without transferring assets to exchanges, reducing operational costs. Concurrently, Evernorth debuted on Nasdaq with a public XRP treasury holding 473 million XRP, led by a former Coinbase director. These developments highlight growing institutional infrastructure and tokenization on the XRP Ledger, with total represented assets reaching $4.47 billion. Meanwhile, Bitcoin consolidates around $83,340 amid broader market stability and upcoming US economic data releases.

The banking giant's deployment of Ripple technology on the XRP Ledger is noted here with Pluang's market data for context. For readers following major cryptocurrencies, 30 out of 50 rose while 18 fell today. Notable movers include FIL at Rp22.012 with a +12.92% change and a typical hold time of 99 days, BAL at Rp16.297 with +11.14%, and EOS at Rp12.649 with +8.13%, as of Oct 12, 2026 19:42 WIB.

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