🚨BREAKING🚨

🏦 Standard Chartered launches institutional custody for Ripple’s RLUSD stablecoin through its Dubai branch.

🔗 XRP Ledger (XRPL): The service supports RLUSD issued on the XRP Ledger for eligible institutional clients.

💰 LMAX integration planned: Institutions may be able to use RLUSD as trading collateral while keeping tokens in bank custody.

🤝 $150 million financing: Ripple previously committed $150 million to support LMAX Group’s growth strategy.

⚠️ Pending approval: The planned collateral integration still requires final documentation, testing, regulatory compliance and internal approvals.

📈 Market impact: The move strengthens RLUSD’s institutional adoption prospects, but no direct price impact on XRP is confirmed.

$XRP
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