Standard Chartered has introduced institutional custody services for Ripple's RLUSD stablecoin on the XRP Ledger, enhancing access to bank-held stablecoin infrastructure for professional clients. This service is offered via the bank's DIFC branch, regulated by the Dubai Financial Services Authority. Additionally, Standard Chartered is collaborating with Ripple and LMAX Group to allow RLUSD to be used as eligible collateral for certain LMAX products. The planned feature would let institutions map RLUSD's value to LMAX for trading without transferring the stablecoin directly, though it still requires final approvals and testing before launch.
Standard Chartered's launch of institutional custody for Ripple's RLUSD stablecoin provides context for digital asset infrastructure developments. For readers following cryptocurrency markets, here is Pluang's snapshot as of Oct 12, 2026 16:41 WIB: Among 50 major cryptocurrencies priced on Pluang, 37 rose and 12 fell today. Avalanche (AVAX) gained 6.81% to Rp197.000 with a typical hold time of 87 days and a buy order activity of 71%, contrasting with Harmony (ONE) which dropped 5.80% to Rp34 and had a longer hold time of 152 days and 65% buy orders. Zilliqa (ZIL) also rose 5.77% to Rp67 with nearly balanced order activity at 51% buy.
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