One of the world’s most established financial institutions just made a move that signals growing confidence in digital assets. Crypto commentator X Finance Bull (@Xfinancebull) shared the new
One of the world’s most established financial institutions just made a move that signals growing confidence in digital assets.
Crypto commentator X Finance Bull (@Xfinancebull) shared the news with his followers on X. Standard Chartered confirmed it now supports institutional custody of Ripple USD (RLUSD) on the XRP Ledger (XRPL).
The service is live and available through the bank’s DIFC Branch, regulated by the Dubai Financial Services Authority.
Eligible clients now have access to Standard Chartered’s digital asset custody infrastructure for RLUSD. The bank is also working with Ripple and LMAX Group to make RLUSD eligible collateral across agreed LMAX Group products and solutions covering trading and collateral management.
The structure allows clients to mirror collateral value to LMAX Group without transferring the underlying RLUSD directly to the trading venue. This gives institutions greater flexibility in how they hold and deploy digital assets, reduces transfer-related operational risk, and improves capital efficiency.
BREAKING
Standard Chartered’s institutional custody support for Ripple’s $RLUSD on the $XRP Ledger is now LIVE.
The bank is also working with Ripple and LMAX Group to make RLUSD eligible collateral.
What do you think comes after this for $XRP? pic.twitter.com/gIUL4B6kSE
— X Finance Bull (@Xfinancebull) October 12, 2026
RLUSD runs on the XRP Ledger. Every institutional use case built around RLUSD strengthens the infrastructure that XRP depends on. As banks and trading venues adopt RLUSD for collateral and settlement, the XRPL becomes a more active part of global financial workflows.
Waqar Chaudry, Global Head of Digital Assets at Standard Chartered, said the goal is to help clients “incorporate digital assets more confidently into their broader financial activities.” Putting a regulated stablecoin inside a trusted custody environment is precisely what institutional participants need before committing capital.
Luke Dorney, Head of Custody and Digital Assets at LMAX Group, confirmed the group adopted Standard Chartered’s collateral mirroring model to give clients “greater flexibility in how they hold and deploy RLUSD across our cross-asset marketplace.” LMAX serves funds, banks, asset managers, and buy-side institutions across more than 100 countries.
Jack McDonald, SVP of Stablecoins at Ripple, said RLUSD “was built for exactly this kind of institutional use case.” Combining RLUSD on the XRP Ledger with Standard Chartered’s custody capabilities and LMAX’s trading infrastructure creates a practical path for institutions to put stablecoins to work across global markets.
We are on X, follow us to connect with us :- @TimesTabloid1
— TimesTabloid (@TimesTabloid1) June 15, 2025
Standard Chartered’s involvement carries real significance because of its scale and regulatory standing. Its custody decision on RLUSD places the asset inside the same infrastructure institutions already trust for traditional finance.
X Finance Bull pointed to the collateral integration as a development worth watching for XRP specifically. The agreed future capabilities remain subject to final documentation, testing, and regulatory readiness, with further details expected as implementation progresses.
Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.
Follow us on X, Facebook, Telegram, and Google News
The post Standard Chartered Makes Major Launch for RLUSD on XRP Ledger appeared first on Times Tabloid.
