Standard Chartered Dubai Provides RLUSD Custody
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AI-assisted source synthesis · not an independent investigation.
On October 12, 2026, CoinDesk reported that Standard Chartered’s Dubai branch had begun providing regulated RLUSD custody services on the XRP Ledger for institutional clients. The report also said that Standard Chartered, Ripple, and LMAX Group plan to establish a connection enabling clients to use bank-custodied RLUSD as collateral for trading on LMAX, without transferring the stablecoin to the trading venue. The arrangement still requires testing, regulatory requirements, and internal approval, and has not yet been fully implemented.
AI-written from reports · updated 7 days ago
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- CoinDeskStandard Chartered provides RLUSD custody in Dubai and plans to connect to LMAX’s collateral system
Standard Chartered’s Dubai branch is providing regulated custody services for RLUSD on the XRP Ledger to institutional clients. Standard Chartered, Ripple, and LMAX Group plan to allow clients to use bank-custodied RLUSD as collateral for trading on LMAX without transferring the stablecoin to the trading venue; the arrangement remains subject to testing, regulatory requirements, and internal approvals.
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