TREE NEWS update: Standard Chartered has launched custody services for Ripple’s RLUSD stablecoin on the XRP Ledger. The bank is working with Ripple and LMAX Group to enable RLUSD as collateral for certain LMAX products under its collateral mirroring model. The move marks a further step in bank-backed infrastructure for stablecoin settlement and collateral use.
Standard Chartered Launches Custody for Ripple’s RLUSD on XRP Ledger
Related Coin Charts
AI take
The notable part is not another bank custody mandate but the collateral leg: a regulated stablecoin being wired into an institutional trading venue's margin framework, with a global bank as custodian. That combination targets the persistent friction of moving collateral across venues and time zones, and it pulls stablecoin settlement closer to prime-brokerage-style plumbing rather than crypto-native workarounds. The open question is whether bank-custodied, tokenized collateral becomes a repeatable template across venues and issuers, or stays a bespoke arrangement among these three parties.
Generated by AI for reference only.
Share on WeChat
Open WeChat → Scan → then tap "…" to send to a chat or Moments.
Tap "…" in the top-right corner to send to a chat or share to Moments.
Related News
3h ago
Binance to Restore Phase One Withdrawals on Nov 1, 2026
6h ago
Binance Says It Has Recovered 90% of Stolen Assets
6h ago
Trump Says He Is Looking Into Binance, Not Concerned About It
9h ago
FBI: North Korea Behind Over $6B Binance Hack
11h ago
Name.com says 15 customer domains hijacked, all now restored; 10 linked to Vercel
12h ago
Jupiter Lend USDC Withdrawal Liquidity Rebounds to $27.9M