Content overview: “Standard Chartered to Custody Ripple’s RLUSD in Dubai, Eyes LMAX Collateral Integration”. Standard Chartered will offer custody services for Ripple’s RLUSD stablecoin in Dubai, marking a significant expansion of institutional crypto services in the UAE. The move aligns with Dubai’s push to become a global digital asset hub and leverages Standard Chartered’s existing regulatory permissions in the region. Ripple previously provided $150 million in financing to LMAX Group to integrate RLUSD into its institutional trading infrastructure, and Standard Chartered plans to connect RLUSD as collateral through LMAX Digital.
This integration would enable institutional clients to use the stablecoin for margin and settlement, enhancing capital efficiency. As stablecoin adoption grows among banks and trading venues, this partnership underscores the convergence of traditional finance and blockchain-based settlement. The collaboration could set a precedent for regulated stablecoin utility in global markets. For the complete material, the listing points back to the source inside the network.