Ripple's $RLUSD gains institutional custody support.
Standard Chartered now offers RLUSD custody on the $XRP Ledger in Dubai, with plans to integrate the stablecoin as eligible collateral for institutional trading through LMAX Group.
Standard Chartered and LMAX Group aim to let institutions use RLUSD as trading collateral while keeping the assets in bank custody, reducing transfer risks and improving capital efficiency.
Standard Chartered now offers RLUSD custody on the $XRP Ledger in Dubai, with plans to integrate the stablecoin as eligible collateral for institutional trading through LMAX Group.
Standard Chartered and LMAX Group aim to let institutions use RLUSD as trading collateral while keeping the assets in bank custody, reducing transfer risks and improving capital efficiency.