TREE NEWS update: Standard Chartered has launched custody for Ripple’s RLUSD stablecoin on the XRP Ledger and plans to let institutions use the tokens as trading collateral. The bank said it is also eyeing a collateral deal with LMAX. The move extends Standard Chartered’s digital-asset custody business to Ripple’s dollar-backed stablecoin.
Standard Chartered Launches RLUSD Custody on XRP Ledger
Related Coin Charts
AI take
A global bank extending custody to a dollar stablecoin on a public ledger signals that institutional infrastructure is being built around tokens rather than trading desks. The collateral angle matters most: if RLUSD becomes usable as margin, it shifts stablecoins from settlement tools toward balance-sheet instruments, which is where regulatory and accounting scrutiny intensifies. The LMAX talks are the thread to watch, since venue-level acceptance would test whether this stays a custody story or becomes a market-structure one.
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
14m ago
Ledger Attacker Moves Nearly 3,000 ETH via Tornado Cash and Zcash
15m ago
BTC Falls Below 83,000 USDT, Down 0.17% in 24 Hours
16m ago
Bitmine Holds 6.03M ETH After Adding 12,532 Last Week, Worth $16.2B in Total Investments
21m ago
MSX to List Wells Fargo, Morgan Stanley Tokenized US Stocks on Oct 12
24m ago
Bitquery: $10M Frozen in Wallet Linked to CryptoBilis Drains
28m ago
Nasdaq-listed Solana treasury firm DFDV adds 22,070 SOL, holdings reach 2.59M