Standard Chartered RLUSD Custody: Confirmed or Not?

CryptoBriefing and Cointelegraph disagree on whether Standard Chartered has formally confirmed launching custody for Ripple's RLUSD stablecoin.

CryptoBriefing and Cointelegraph disagree on whether Standard Chartered has formally confirmed launching custody for Ripple's RLUSD stablecoin.

What all sources agree on

• Standard Chartered is expanding its institutional digital asset custody business.
• Standard Chartered has a strategic partnership with LMAX Group related to digital asset custody services.
• On October 8, 2026, Standard Chartered Bank (Singapore) Limited announced plans for institutional-grade custody services in Singapore covering selected crypto assets, stablecoins and tokenized real-world assets, for accredited institutional investors, pending regulatory approval.

Where the reports disagree

1Whether Standard Chartered has formally confirmed RLUSD custody

Standard Chartered's October 8, 2026 Singapore announcement does not specifically name RLUSD or the XRP Ledger; the link to RLUSD custody is an unconfirmed social media claim, not something the bank has formally announced.

CryptoBriefing 2026-10-12 08:20

Standard Chartered has launched institutional custody services for Ripple's RLUSD stablecoin on the XRP Ledger through its DIFC branch, as announced by the bank itself.

Cointelegraph 2026-10-12 09:30

What would settle it: A formal statement or press release from Standard Chartered naming RLUSD and the XRP Ledger as part of its custody offering.

2Which jurisdiction/branch the RLUSD custody service is associated with

On October 8, 2026, Standard Chartered Bank (Singapore) Limited said it plans to offer institutional-grade custody services in Singapore.

CryptoBriefing 2026-10-12 08:20

The UK-based multinational bank announced Monday it rolled out RLUSD support on the XRP Ledger (XRPL) through its Dubai International Financial Centre (DIFC) branch, giving eligible institutional clients access to its digital asset custody infrastructure.

Cointelegraph 2026-10-12 09:30

What would settle it: Standard Chartered's official press release or regulatory filing specifying the branch and jurisdiction offering RLUSD custody.

What to make of it

Treat Standard Chartered's Singapore custody expansion plans as established, but do not treat RLUSD/XRP Ledger custody as confirmed until Standard Chartered itself names the asset and jurisdiction in an official statement.

Treat Standard Chartered's Singapore custody expansion plans as established, but do not treat RLUSD/XRP Ledger custody as confirmed until Standard Chartered itself names the asset and jurisdiction in an official statement.

Update 12 Oct 2026, 09:36 UTC · added by The Block

The Block reports that Standard Chartered’s RLUSD custody involves a three-way arrangement with Ripple and LMAX Group, under which RLUSD can serve as collateral for certain LMAX products through a collateral mirroring model.

Originally reported by AltcoinGordon, written by Olivia Hayes. Republished with permission.

View the original on AltcoinGordon →

The post Standard Chartered RLUSD Custody: Confirmed or Not? appeared first on TheCoinrise.com.