Standard Chartered Brings RLUSD Custody to XRPL in 3-Way Institutional Custody Program

Standard Chartered has taken another step into stablecoin infrastructure by launching custody support for Ripple USD, or RLUSD, on the XRP Ledger. Now it is offered to eligible institutional traders from the bank’s Dubai International Financial Centre branch, and a wider collateral integration with Ripple and LMAX Group is underway. Standard Chartered’s digital asset custody infrastructure has now made eligible clients able to hold RLUSD. The service is offered through the bank’s DIFC branch, which is regulated by the Dubai Financial Services Authority. That provides another way for institutions to gain access to RLUSD, aside from crypto-native custodians.