Content overview: “Standard Chartered Launches Ripple USD Custody, Eyes LMAX Collateral Deal”. Standard Chartered has begun offering custody services for Ripple's RLUSD stablecoin on the XRP Ledger, marking a significant step in institutional crypto adoption. The bank also revealed plans to allow institutions to use RLUSD tokens as trading collateral, potentially through a deal with LMAX Digital, a leading institutional crypto exchange. This move positions Standard Chartered among the first major global banks to custody a stablecoin issued by a blockchain company, highlighting the growing convergence of traditional finance and digital assets.
By enabling RLUSD as collateral, the bank aims to enhance capital efficiency for institutional traders, offering them more flexibility in managing liquidity and risk. The initiative reflects a broader trend of banks integrating stablecoins into their service offerings, as regulatory clarity improves and demand for digital asset infrastructure rises. The full version stays on the original page, which this listing opens directly.