Standard Chartered launches institutional custody for Ripple's RLUSD, eyes collateral use with LMAX
- —Custody is provided via Standard Chartered's DIFC entity regulated by DFSA
- —RLUSD is issued on the XRP Ledger and targets institutional use cases
- —Collateral mirroring would let clients pledge RLUSD without moving assets to an exchange
- —Final rollout depends on contracts, testing and regulatory and internal approvals
Why it matters: Expanding institutional infrastructure for RLUSD intensifies stablecoin competition for corporate and collateral demand.
Source: Bloomingbit