Standard Chartered's Dubai International Financial Centre branch now offers institutional custody for Ripple's RLUSD stablecoin on the XRP Ledger, and plans to integrate with LMAX Group so clients can use RLUSD as trading collateral. Under this collateral mirroring setup, the tokens stay at the bank while LMAX records their value toward client trades, so the coins never move to the exchange. RLUSD has a market cap of roughly $2.45 billion, under 1% of a stablecoin market worth about $306 billion. The LMAX integration is not yet live and still requires final documentation, testing and regulatory approvals, with no date set. The bank has offered crypto custody in Dubai since 2024.
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Related tickers and likely impact
XRP/USDT
▲ Likely positiveXRP
Relevance: low
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Layer 1 |
| Market cap | $81.8B |
| Close on 10/11/2026 | 1.41030 |
| Change that session | +0.56% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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