Standard Chartered Dubai Branch Launches Custody and Trading for Ripple RLUSD Stablecoin
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Standard Chartered’s Dubai International Financial Centre branch has announced that it will offer custody and trading services for Ripple’s RLUSD stablecoin to institutional clients. The bank becomes one of the first traditional financial institutions to support RLUSD, signalling a broader push into institutional‑grade digital asset services. By providing a custodial solution that allows clients to trade RLUSD without moving the asset, Standard Chartered is positioning itself as a bridge between conventional banking and the emerging stablecoin ecosystem. The move underscores the growing acceptance of digital assets within mainstream financial institutions and may encourage further adoption of RLUSD by other banks and corporate clients.
Written with AI from the reporting · updated 10/14/2026
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- 1Unclassified fact stationOct 15, 00:05single sourcereport-time onlyrevised
Standard Chartered Dubai 分行提供 Ripple RLUSD 稳定币机构 custody 与交易
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- Oct 13, 05:16
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- Oct 15, 00:05
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- DecryptRelated fact: single sourceFact occurrence time unverifiedSource report revisedStandard Chartered Dubai offers institutional custody for Ripple's RLUSD stablecoin
Report first recorded Oct 15, 00:05
Standard Chartered's Dubai International Financial Centre branch now provides institutional custody for Ripple's RLUSD stablecoin issued on the XRP Ledger. The bank is integrating with LMAX Group to allow clients to use RLUSD as trading collateral through collateral mirroring, meaning the tokens remain at the bank while LMAX credits their value. RLUSD has reached a market cap of roughly $2.45 billion, which is less than 1% of the $306 billion stablecoin market. This service is regulated by the Dubai Financial Services Authority (DFSA).
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