Standard Chartered to Provide Custody for Ripple’s RLUSD on the XRP Ledger
Key Highlights: Standard Chartered is rolling out custody services for Ripple’s RLUSD stablecoin via its DFSA-regulated Dubai International Financial Centre (DIFC) branch. A collateral mirroring model with institutional trading operator LMAX Group will permit institutions to leverage RLUSD holdings for trading without transferring underlying tokens off the bank’s balance sheet. The initiative builds upon a ...