Standard Chartered has launched institutional custody services for Ripple's RLUSD stablecoin via its Dubai branch, allowing eligible clients to hold RLUSD on the XRP Ledger securely. The bank is collaborating with Ripple and LMAX Group to enable clients to use RLUSD as trading collateral without transferring tokens, reducing operational risks. This collateral service is pending final testing, legal approvals, and regulatory compliance. The move expands Standard Chartered's digital asset services and supports Ripple's broader institutional stablecoin adoption strategy.
Standard Chartered's addition of Ripple's RLUSD to its crypto custody services is contextually placed within a market where 37 of 50 major cryptocurrencies rose today. For readers following the crypto sector, here is Pluang's market snapshot as of Oct 12, 2026 17:41 WIB: XTZ (Tezos) increased by 8.13% to Rp5.757 with 100% buy order activity, EOS (EOS.IO) also rose by 8.13% to Rp12.649, and AVAX (Avalanche) gained 7.11% to Rp197.129 with a 71% buy order activity. This breadth indicates a generally positive trading day across major cryptocurrencies on Pluang.
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