Standard Chartered offers RLUSD custody in Dubai, plans LMAX collateral link

Standard Chartered's Dubai branch now offers regulated institutional custody of Ripple's dollar-pegged RLUSD stablecoin on the XRP Ledger, giving eligible clients a bank to hold the token.

The bank also plans, with Ripple and LMAX Group, to let clients use RLUSD held at Standard Chartered as collateral for trading on LMAX without transferring it to the venue — separating custody from execution. That leg is not yet live and remains subject to documentation, testing, regulatory requirements and internal approvals.

• The LMAX link builds on Ripple's $150 million financing of the venue in January to embed RLUSD in its institutional infrastructure.
• The Dubai offering extends Standard Chartered's expanding digital-asset custody business, which already includes planned Singapore custody services and this year's full acquisition of Zodia Custody.