Standard Chartered expands RLUSD custody, targets LMAX collateral use
Institutional demand for regulated stablecoin infrastructure is pushing banks to widen their digital asset services beyond basic safekeeping. Standard Chartered is adding custody support for Ripple USD, or RLUSD, and is preparing to let clients use the token as trading collateral without moving assets out of the bank’s custody.
Highlights
- Standard Chartered launched institutional RLUSD custody services at its Dubai International Financial Centre branch, enabling client access via XRP Ledger infrastructure.
- Standard Chartered plans to extend its collateral-mirroring model to LMAX Group, allowing RLUSD holdings in custody to serve as collateral without requiring token transfers.
- Expansion of RLUSD collateral capability, subject to documentation and approvals, aligns with broader industry trends for regulated digital asset custody and collateral services.
Dubai rollout and collateral plan
As reported by Cointelegraph, Standard Chartered says it has launched institutional custody services for RLUSD through its Dubai International Financial Centre branch, giving eligible clients access to the bank’s digital asset custody infrastructure on the XRP Ledger.The UK-based bank says it plans to extend its collateral-mirroring model to LMAX Group, an institutional trading company. Under that structure, clients would be able to use eligible RLUSD holdings as trading collateral while the tokens remain in custody at Standard Chartered.
That approach would allow LMAX to recognize the value of those holdings without requiring clients to transfer the tokens onto its trading platform. Standard Chartered says the setup could reduce transfer-related risks and help institutions manage exposure to trading counterparties.
Institutional stablecoin adoption gains scope
Ripple, the blockchain payments company behind RLUSD, and LMAX Group previously announced a partnership in January 2026 to expand institutional use of the stablecoin.Standard Chartered says the added collateral capabilities are still subject to final documentation, testing, regulatory requirements and internal approvals. The move fits a broader push by financial institutions to build regulated custody and collateral services around digital assets for professional investors.
Prime brokerage growth at major banks was the focus of our earlier report, detailing how tighter post-2008 regulation has pushed banks to expand lending and financing services for hedge funds and trading firms. We noted that this shift is turning prime brokerage into a faster-growing, more material profit engine for large investment banks, while also attracting closer regulatory attention.
Latest USD/PHP News
-
Afghanistan
-
Albania
-
Algeria
-
Angola
-
Argentina
-
Armenia
-
Australia
-
Austria
-
Azerbaijan
-
Bahamas
-
Bahrain
-
Bangladesh
-
Belarus
-
Belgium
-
Bolivia
-
Botswana
-
Brazil
-
Brunei
-
Bulgaria
-
Cambodia
-
Cameroon
-
Canada
-
Chile
-
China
-
Colombia
-
Congo
-
Costa Rica
-
Cote d'Ivoire
-
Croatia
-
Cuba
-
Cyprus
-
Czechia
-
DR Congo
-
Denmark
-
Dominican Republic
-
Ecuador
-
Egypt
-
El Salvador
-
Estonia
-
Eswatini
-
Ethiopia
-
Finland
-
France
-
Georgia
-
Germany
-
Ghana
-
Greece
-
Haiti
-
Hong Kong
-
Hungary
-
India
-
Indonesia
-
Iran, Islamic republic
-
Iraq
-
Ireland
-
Israel
-
Italy
-
Jamaica
-
Japan
-
Jordan
-
Kazakhstan
-
Kenya
-
Korea
-
Kuwait
-
Kyrgyzstan
-
Laos
-
Latvia
-
Lebanon
-
Lesotho
-
Libya
-
Lithuania
-
Luxembourg
-
Madagascar
-
Malaysia
-
Malta
-
Mauritius
-
Mexico
-
Moldova
-
Mongolia
-
Montenegro
-
Morocco
-
Mozambique
-
Myanmar
-
Namibia
-
Nepal
-
Netherlands
-
New Zealand
-
Nigeria
-
North Macedonia
-
Norway
-
Oman
-
Pakistan
-
Palestine
-
Panama
-
Papua New Guinea
-
Paraguay
-
Peru
-
Philippines
-
Poland
-
Portugal
-
Puerto Rico
-
Qatar
-
Reunion
-
Romania
-
Rwanda
-
Saudi Arabia
-
Serbia
-
Singapore
-
Slovakia
-
Slovenia
-
Somalia
-
South Africa
-
Spain
-
Sri Lanka
-
Sweden
-
Switzerland
-
Syria
-
Taiwan
-
Tajikistan
-
Tanzania
-
Thailand
-
Trinidad and Tobago
-
Tunisia
-
Turkey
-
UAE
-
Uganda
-
Ukraine
-
United Kingdom
-
United States
-
Uruguay
-
Uzbekistan
-
Venezuela
-
Vietnam
-
Yemen
-
Zambia
-
Zimbabwe
- Forex
- Crypto
