Standard Chartered Launches RLUSD Custody Services in Dubai DIFC
What happened
On October 12, 2026, Standard Chartered launched institutional custody services for Ripple's RLUSD stablecoin in Dubai.
The Context
- Regulatory Backing: The custody service operates under the Dubai Financial Services Authority (DFSA), ensuring compliance and security for institutional clients.
- Strategic Partnerships: Standard Chartered is collaborating with Ripple and LMAX Group to integrate RLUSD as eligible collateral, optimizing trading and capital efficiency.
- Market Positioning: This move aligns with Dubai's ambition to become a leading hub for crypto and tokenized finance, enhancing institutional access to digital assets.
The Number
— This is the approximate market capitalization of RLUSD, representing less than 1% of the global stablecoin market, highlighting the growth potential in this sector.
Takeaway
As the integration with LMAX progresses, expect increased institutional engagement with RLUSD, potentially expanding into other markets like Singapore.
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Standard Chartered offers RLUSD custody in Dubai and plans LMAX collateral link
Standard Chartered has launched a custody service for Ripple's RLUSD stablecoin in Dubai, alongside plans to establish a collateral link with LMAX. This initiative follows Ripple's previous $150 million investment to integrate RLUSD into institutiona...
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Standard Chartered adds Ripple’s RLUSD to crypto custody
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Standard Chartered adds Ripple USD custody, eyes LMAX collateral deal
Standard Chartered has launched a custody service for Ripple's RLUSD stablecoin on the XRP Ledger, allowing institutions to use these tokens as trading collateral. This initiative signifies the bank's commitment to expanding its cryptocurrency servic...