Standard Chartered Bank’s Dubai branch offers custody services for RLUSD, and plans to integrate with LMAX’s trading collateral system.

Standard Chartered Dubai has launched custody services for Ripple’s USD stablecoin RLUSD for eligible institutional clients, supporting RLUSD issued on the XRP Ledger. The bank also plans to collaborate with Ripple and institutional trading platform LMAX Group, allowing clients to use RLUSD held with Standard Chartered as collateral for trades on LMAX’s platform, without transferring the stablecoin to the trading venue. Standard Chartered noted that the collateral arrangement has not yet gone li

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