{"id":79430,"date":"2026-10-13T02:07:13","date_gmt":"2026-10-13T02:07:13","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/ripples-rlusd-gains-standard-chartered-custody-on-the-xrp-ledger\/"},"modified":"2026-10-13T02:07:13","modified_gmt":"2026-10-13T02:07:13","slug":"ripples-rlusd-gains-standard-chartered-custody-on-the-xrp-ledger","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/ripples-rlusd-gains-standard-chartered-custody-on-the-xrp-ledger\/","title":{"rendered":"Ripple&#8217;s RLUSD Gains Standard Chartered Custody on the XRP Ledger"},"content":{"rendered":"<p><b>(Originally posted on : Bitcoin News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"@container mb-[25px] rounded-sm overflow-clip py-0.5 pr-0.5 pl-2.5 bg-success-100\">\n<div class=\"flex flex-col gap-m overflow-clip rounded-[6px] !bg-success-10 p-3 @[420px]:p-m\">\n<h2 class=\"m-0 flex items-center gap-s text-[19px] !text-[#1c1c1c] md:text-[20px]\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"16\" height=\"10\" viewbox=\"0 0 16 10\" fill=\"none\" class=\"shrink-0 text-success-100\" aria-hidden=\"true\"><path d=\"M1 1.5h14\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><path d=\"M1 8.5h10\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><\/svg><span>Key Takeaways<\/span><\/h2>\n<ul class=\"m-0 flex list-none flex-col gap-m pl-0\">\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Standard Chartered\u2019s custody service supports RLUSD on the XRP Ledger.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Planned collateral mirroring would keep tokens off the trading venue.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Implementation still requires testing, documentation, and approvals.<\/span><\/li>\n<\/ul>\n<\/div>\n<\/div>\n<h2>Standard Chartered Opens Bank Custody for RLUSD<\/h2>\n<p>Eligible institutions can now place Ripple USD (RLUSD) issued on the XRP Ledger (XRPL) in Standard Chartered\u2019s custody. The bank announced on Oct. 12 that its <a href=\"https:\/\/www.sc.com\/en\/press-release\/standard-chartered-launches-rlusd-custody-and-joins-planned-collateral-integration-with-ripple-and-lmax-group\/\" target=\"_blank\" rel=\"noopener noreferrer\">institutional RLUSD custody service is live<\/a>, giving them access to its digital asset infrastructure. Custody involves safeguarding assets on behalf of their owners; the XRPL is a public blockchain supporting financial transactions.<\/p>\n<p>The newly supported asset is Ripple\u2019s dollar-backed token, which belongs to a category of digital assets designed to maintain a stable value. Such <a href=\"https:\/\/www.bitcoin.com\/get-started\/altcoins-and-tokens\/stablecoins\/what-are-stablecoins\/\" target=\"_blank\" rel=\"noopener noreferrer\">stablecoins track assets such as the U.S. dollar<\/a>. Jack McDonald, senior vice president of stablecoins at Ripple, said:<\/p>\n<blockquote>\n<p>\u201cRLUSD was built for exactly this kind of institutional use case. Our customers want the efficiency of a regulated stablecoin without giving up the custody standards they already trust.\u201d<\/p>\n<\/blockquote>\n<p>The bank provides the <a href=\"https:\/\/ripple.com\/ripple-press\/standard-chartered-launches-rlusd-custody-and-joins-planned-collateral-integration-with-ripple-and-lmax-group\/\" target=\"_blank\" rel=\"noopener noreferrer\">RLUSD custody offering through its Dubai International Financial Centre (DIFC) branch<\/a>, which is regulated by the Dubai Financial Services Authority (DFSA). The launch combines Standard Chartered\u2019s safekeeping capabilities with Ripple\u2019s stablecoin, establishing the custody component of a broader collaboration involving institutional trading infrastructure operator LMAX Group.<\/p>\n<h2>The Tokens Stay Put While Their Value Supports Trading<\/h2>\n<p>A separate planned integration would make RLUSD eligible collateral, an asset pledged to secure financial obligations, for agreed LMAX products and services. The proposed collateral mirroring model would reflect the value of eligible holdings at LMAX without requiring institutions to transfer the underlying RLUSD directly to the trading venue. Standard Chartered would provide custody, while LMAX would recognize the mirrored collateral value for agreed products and services. LMAX operates institutional trading infrastructure for foreign exchange and digital assets.<\/p>\n<p>The companies expect the structure to reduce operational risks associated with transfers and improve how institutions manage exposure to counterparties, the other parties in financial transactions. They also anticipate greater capital efficiency, allowing eligible holdings to support trading while remaining within the bank\u2019s custody framework. Those benefits depend on successful implementation of the planned capabilities.<\/p>\n<p>The collaboration builds on a <a href=\"https:\/\/www.lmax.com\/press-centre\/lmax-group-and-ripple-partner-to-accelerate-institutional-stablecoin-adoption-and-cross-asset-mobility\" target=\"_blank\" rel=\"noopener noreferrer\">multiyear Ripple-LMAX partnership involving $150 million in financing<\/a> announced Jan. 15. Under that agreement, Ripple committed to provide financing for LMAX\u2019s growth strategy, while LMAX planned to integrate RLUSD as a core collateral asset. The earlier arrangement covered several trading products; the new initiative extends the bank\u2019s collateral mirroring model to LMAX.<\/p>\n<h2>Bank Custody Expands, With Implementation Still Ahead<\/h2>\n<p>The RLUSD launch extends a custody business that Standard Chartered established in the United Arab Emirates in September 2024. Its <a href=\"https:\/\/news.bitcoin.com\/standard-chartered-launches-bitcoin-and-ethereum-custody-in-uae\/\">initial service supported bitcoin and ether<\/a>, with Brevan Howard Digital, the crypto and digital asset division of investment manager Brevan Howard, as the inaugural customer. Adding custody for RLUSD broadens the range of assets institutions can safeguard through the bank\u2019s digital asset infrastructure.<\/p>\n<p>Ripple has also developed banking relationships involving the reserves that support its stablecoin\u2019s dollar value, a separate custody function. In July 2025, it <a href=\"https:\/\/news.bitcoin.com\/ripple-partners-with-bny-to-serve-as-rlusd-custodian\/\">selected BNY as RLUSD\u2019s primary reserve custodian<\/a>. Reserve custody concerns the backing assets, while Standard Chartered\u2019s new offering safeguards eligible institutions\u2019 RLUSD tokens issued on the XRP Ledger.<\/p>\n<p>The issuer\u2019s regulatory structure provides another layer of oversight alongside the arrangements for safeguarding tokens and backing assets. RLUSD\u2019s <a href=\"https:\/\/news.bitcoin.com\/featured\/ripple-breaks-down-stablecoin-rules-as-institutions-evaluate-rlusd\/\">New York trust charter and reserve safeguards<\/a> include issuance through Ripple subsidiary Standard Custody &amp; Trust Company, supervision by the New York Department of Financial Services, segregated reserves, and independent attestations examining reserve disclosures.<\/p>\n<p>The future collateral capabilities remain subject to final documentation, successful testing, applicable laws and regulations, internal approvals, and jurisdictional readiness. The parties will announce further details as implementation progresses.<\/p>\n<div class=\"not-prose my-3 lg:my-4\">\n<div class=\"overflow-hidden rounded-lg !bg-[#E8EDFA] p-[9px] hidden md:flex md:flex-row md:gap-3 lg:hidden\"><a aria-hidden=\"true\" tabindex=\"-1\" class=\"relative size-[150px] min-w-[150px] shrink-0 overflow-hidden rounded-[15px]\" href=\"https:\/\/news.bitcoin.com\/crypto-goes-mainstream-as-standard-chartered-deepens-digital-asset-push\/\"><\/p>\n<div class=\"absolute left-2 top-2\"><img alt=\"Bitcoin.com News\" loading=\"lazy\" width=\"28\" height=\"28\" decoding=\"async\" data-nimg=\"1\" class=\"size-7\" style=\"color:transparent\" srcset=\"\/_next\/image\/?url=%2Fimages%2Fuploads%2Fbitcoin_news_newlogo.svg&amp;w=32&amp;q=75 1x, \/_next\/image\/?url=%2Fimages%2Fuploads%2Fbitcoin_news_newlogo.svg&amp;w=64&amp;q=75 2x\" src=\"https:\/\/news.bitcoin.com\/_next\/image\/?url=%2Fimages%2Fuploads%2Fbitcoin_news_newlogo.svg&amp;w=64&amp;q=75\"\/><\/div>\n<p><\/a><\/div>\n<div class=\"overflow-hidden rounded-lg !bg-[#E8EDFA] p-[9px] hidden lg:flex lg:flex-row lg:gap-4\"><a aria-hidden=\"true\" tabindex=\"-1\" class=\"relative size-[150px] min-w-[150px] shrink-0 overflow-hidden rounded-[15px]\" href=\"https:\/\/news.bitcoin.com\/crypto-goes-mainstream-as-standard-chartered-deepens-digital-asset-push\/\"><img alt=\"Crypto Goes Mainstream as Standard Chartered Deepens Digital Asset Push\" loading=\"lazy\" decoding=\"async\" data-nimg=\"fill\" class=\"object-cover\" style=\"position:absolute;height:100%;width:100%;left:0;top:0;right:0;bottom:0;color:transparent\" sizes=\"150px\" srcset=\"\/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F02%2Fstandard-chartered-b2c2-150x150.jpg&amp;w=32&amp;q=75 32w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F02%2Fstandard-chartered-b2c2-150x150.jpg&amp;w=48&amp;q=75 48w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F02%2Fstandard-chartered-b2c2-150x150.jpg&amp;w=64&amp;q=75 64w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F02%2Fstandard-chartered-b2c2-150x150.jpg&amp;w=128&amp;q=75 128w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F02%2Fstandard-chartered-b2c2-150x150.jpg&amp;w=256&amp;q=75 256w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F02%2Fstandard-chartered-b2c2-150x150.jpg&amp;w=384&amp;q=75 384w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F02%2Fstandard-chartered-b2c2-150x150.jpg&amp;w=640&amp;q=75 640w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F02%2Fstandard-chartered-b2c2-150x150.jpg&amp;w=828&amp;q=75 828w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F02%2Fstandard-chartered-b2c2-150x150.jpg&amp;w=1080&amp;q=75 1080w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F02%2Fstandard-chartered-b2c2-150x150.jpg&amp;w=1200&amp;q=75 1200w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F02%2Fstandard-chartered-b2c2-150x150.jpg&amp;w=1920&amp;q=75 1920w\" src=\"https:\/\/news.bitcoin.com\/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F02%2Fstandard-chartered-b2c2-150x150.jpg&amp;w=1920&amp;q=75\"\/><\/p>\n<div class=\"absolute left-2 top-2\"><img alt=\"Bitcoin.com News\" loading=\"lazy\" width=\"28\" height=\"28\" decoding=\"async\" data-nimg=\"1\" class=\"size-7\" style=\"color:transparent\" srcset=\"\/_next\/image\/?url=%2Fimages%2Fuploads%2Fbitcoin_news_newlogo.svg&amp;w=32&amp;q=75 1x, \/_next\/image\/?url=%2Fimages%2Fuploads%2Fbitcoin_news_newlogo.svg&amp;w=64&amp;q=75 2x\" src=\"https:\/\/news.bitcoin.com\/_next\/image\/?url=%2Fimages%2Fuploads%2Fbitcoin_news_newlogo.svg&amp;w=64&amp;q=75\"\/><\/div>\n<p><\/a><\/p>\n<div class=\"flex min-w-0 flex-1 flex-col justify-center gap-2\">\n<p class=\"m-0 line-clamp-2 text-base leading-[1.3] !text-[#67656E]\">Standard Chartered is accelerating institutional crypto adoption through a strategic partnership with B2C2, linking global banking infrastructure to deep digital\u2026<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><a href=\"https:\/\/news.bitcoin.com\/featured\/ripples-rlusd-gains-standard-chartered-custody-on-the-xrp-ledger\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Bitcoin News ) Key Takeaways Standard Chartered\u2019s custody service supports RLUSD on the XRP Ledger. Planned collateral mirroring would keep tokens off the trading venue. Implementation still requires testing, documentation, and approvals. Standard Chartered Opens Bank Custody for RLUSD Eligible institutions can now place Ripple USD (RLUSD) issued on the XRP [&hellip;]<\/p>\n","protected":false},"author":11,"featured_media":79431,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[32],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/79430"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=79430"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/79430\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/79431"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=79430"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=79430"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=79430"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}