Standard Chartered launches Ripple USD custody with plans for LMAX collateral use
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Standard Chartered has launched institutional custody services for Ripple's RLUSD stablecoin on the XRP Ledger through its Dubai International Financial Centre branch. The bank plans to extend a collateral-mirroring model to LMAX Group allowing clients to use RLUSD as trading collateral while staying in bank custody, though the collateral capabilities remain subject to final documentation, testing, regulatory requirements, and internal approvals.
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