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Standard Chartered plans institutional crypto custody in Singapore, eyeing stablecoins like Ripple's RLUSD.

Market News
12 Oct 2026
Crypto Briefing
View Source
Bullish
Standard Chartered plans institutional crypto custody in Singapore, eyeing stablecoins like Ripple's RLUSD.

Standard Chartered announced plans to launch institutional-grade digital asset custody services in Singapore by the end of 2026, pending regulatory approval. The service will target institutional investors and corporate clients, covering selected crypto assets, stablecoins, and tokenized real-world assets. While social media links this expansion to Ripple's RLUSD stablecoin on the XRP Ledger, the bank's official announcement does not specifically confirm RLUSD support. This move follows the bank's existing custody services in the UAE, Luxembourg, and Hong Kong, aiming to support the full lifecycle of asset management with a curated selection of digital assets.

Standard Chartered's expansion into institutional digital asset custody adds to the growing ecosystem around assets like XRP, which some speculate could be linked to the new RLUSD stablecoin. On Pluang, XRP trades at Rp25.147 with a 1-day gain of 1.25% as of Oct 12, 2026, 15:31 WIB. The token's market cap stands at Rp1.598,48 trillion, and trading activity shows a 61% buy interest among Pluang users, who typically hold XRP for about 72 days.

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