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Standard Chartered offers custody for Ripple's RLUSD stablecoin in Dubai, plans collateral use with LMAX.

Market News
12 Oct 2026
Coindesk
View Source
Bullish
Standard Chartered offers custody for Ripple's RLUSD stablecoin in Dubai, plans collateral use with LMAX.

Standard Chartered's Dubai branch now provides regulated institutional custody for Ripple's RLUSD stablecoin on the XRP Ledger, allowing eligible clients to hold the dollar-pegged stablecoin securely. The bank is collaborating with Ripple and LMAX Group to enable clients to use RLUSD held at Standard Chartered as collateral for trading on LMAX's platform, pending regulatory approval and testing. This initiative supports Ripple's goal to establish RLUSD as a key institutional settlement and collateral asset, while expanding Standard Chartered's digital asset custody services globally.

XRP, the native token of Ripple, trades at Rp24.998 with a 0.29% gain over the past day on Pluang as of Oct 12, 2026 19:21 WIB. The market cap stands at Rp1.584,91 trillion, indicating strong investor interest. This institutional move by Standard Chartered to provide custody for RLUSD may further support XRP's role in the digital asset ecosystem.

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