Standard Chartered Launches RLUSD Custody on the XRP Ledger, Joins Planned Collateral Integration

Standard Chartered has officially launched custody services for RLUSD, Ripple's dollar-denominated stablecoin, with the service running on the XRP Ledger. The announcement was made via a formal press release from the bank, confirming the relationship is not speculative but an active, operational commitment.

The custody arrangement is notable because operating on the XRP Ledger requires the use of XRP itself for transaction fees and network functionality, meaning Standard Chartered's involvement directly touches the XRP asset.

Beyond custody, Standard Chartered is joining a planned collateral integration involving Ripple and LMAX Group, a major institutional foreign exchange and crypto exchange operator. This positions RLUSD as a potential settlement or margin asset within institutional trading infrastructure.

The move represents one of the most concrete examples of a globally recognized banking institution embedding itself into the XRP Ledger's operational layer. Standard Chartered has a significant footprint across Asia, Africa, and the Middle East, regions that are central to Ripple's cross-border payments strategy.

This development took over a decade of regulatory and commercial groundwork to materialize and signals a meaningful shift in how legacy financial institutions are engaging with blockchain-based settlement infrastructure.