Standard Chartered Launches RLUSD Custody, Plans LMAX Collateral Model
- —RLUSD custody is live via Standard Chartered's DIFC branch on the XRP Ledger
- —The LMAX collateral model would mirror RLUSD value to a venue without moving tokens
- —The collateral integration is not live yet, pending documentation, testing and approvals
- —Custody is available only to eligible institutional clients
Why it matters: Collateral mobility will determine whether large trading firms adopt stablecoins as margin at scale alongside traditional assets.
Source: NewsBTC