Standard Chartered has launched custody support for Ripple’s RLUSD stablecoin on the XRP Ledger, according to multiple reports. The bank says it is working with Ripple and LMAX Group to connect RLUSD to products offered through LMAX’s trading infrastructure.
The coverage adds that the custody rollout is intended to allow eligible institutions to use RLUSD as trading collateral. One outlet describes this as fitting within Standard Chartered’s “collateral mirroring” model, where collateral held with the bank can be mirrored for use in related LMAX products. Another frames the development as part of a broader plan to enable collateral use and integration between custody services and LMAX offerings.
Across the sources, the common elements are that Standard Chartered is offering RLUSD custody on the XRP Ledger and coordinating with Ripple and LMAX to pursue a collateral deal. The reports do not provide details on timelines beyond the launch or specify which institutions or product types will be supported first.
