Standard Chartered Launches RLUSD Custody on XRP Ledger for Institutions
Standard Chartered has introduced institutional custody services for Ripple's RLUSD stablecoin on the XRP Ledger, with plans to integrate trading collateral functionality.
Standard Chartered has introduced institutional custody services for Ripple's RLUSD stablecoin on the XRP Ledger, with plans to integrate trading collateral functionality. XRP (XRP) is trading at $1.37, down 0.7% since this brief published. This is an original TLT brief synthesising 4 outlets (Live Bitcoin News, Cointelegraph, Crypto.news, and others), plus live market data, as of Tue, 13 Oct 2026 09:00:04 UTC.
This development marks a significant expansion of institutional crypto services by a major bank, leveraging the XRP Ledger for stablecoin custody and potentially increasing institutional adoption of digital assets. The integration with LMAX Group's trading platform could streamline collateral management for institutional traders.
- Standard Chartered now offers RLUSD custody on the XRP Ledger for institutional clients.
- The bank plans to enable RLUSD as trading collateral with LMAX Group.
- RLUSD has a $2.42B circulating supply, according to DeFiLlama.
- The move could boost institutional adoption of XRP Ledger and RLUSD.
Multiple outlets (Decrypt, Cointelegraph, Crypto.news, and CryptoPotato) confirm that Standard Chartered has launched institutional custody services for Ripple's RLUSD stablecoin on the XRP Ledger. They also agree that the bank is planning to integrate with LMAX Group to allow institutions to use RLUSD as trading collateral while the coins remain in custody. However, Live Bitcoin News provides additional context about the collaboration between Ripple, LMAX Group, and Standard Chartered, suggesting a more comprehensive partnership than other outlets reported.
- Standard Chartered Launches RLUSD Custody on XRP Ledger
- Standard Chartered Launches RLUSD Custody on XRP Ledger for Institutions — this brief
Standard Chartered has launched institutional custody services for Ripple's RLUSD stablecoin on the 
XRP Ledger, as reported by multiple outlets including Decrypt, Cointelegraph, and Crypto.news. This move represents a significant expansion of the bank's digital asset services and demonstrates growing institutional interest in stablecoins and blockchain technology.
The service is designed for qualified institutional buyers and provides secure custody for RLUSD, which has a circulating supply of $2.42 billion according to DeFiLlama. The XRP Ledger serves as the underlying blockchain for the stablecoin, leveraging its speed and efficiency for transactions.
In addition to custody services, Standard Chartered is collaborating with LMAX Group to enable institutions to use RLUSD as trading collateral. This integration, as reported by Decrypt and Crypto.news, would allow clients to post RLUSD as collateral for trades while the coins remain in the bank's custody, streamlining the collateral management process.
The development comes as Standard Chartered continues to deepen its involvement in the digital asset space. The bank has been actively exploring blockchain technology and cryptocurrencies, and this latest move underscores its commitment to providing institutional-grade services in the crypto ecosystem.
The broader market context shows a relatively flat overall crypto market cap of $2.89 trillion, with 
Bitcoin experiencing a slight 24-hour decline of 0.61%. Meanwhile, XRP, the native token of the XRP Ledger, is trading at $1.38, down 2.81% in the last 24 hours. The Fear & Greed Index stands at 57, indicating a 'Greed' sentiment in the market.
The introduction of RLUSD custody and the planned integration with LMAX Group could have significant implications for institutional adoption of digital assets. By providing secure custody and collateral solutions, Standard Chartered is addressing key concerns for institutional investors and potentially paving the way for increased participation in the crypto market. Market participants will be watching for further developments in this partnership and its impact on XRP Ledger adoption.
Since this brief published about 15 hours ago, XRP (XRP) has moved from $1.38 to $1.37 — -0.72%.
The chart plots XRP's price: grey is the move before this brief published, the vertical dashed line marks the moment it published, the horizontal dashed line is the price then, and the coloured area is the move since — from TLT's market data (daily resolution). It shows what happened after the news, not that the news caused it; many factors move prices. Not financial advice.
At today's peer-to-peer rate, 1 XRP ≈ ₦1,871.24 (about $1.37), down 2.3% over 24 hours. The naira itself trades about 2.6% above the official rate on the P2P market, so a Nigerian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the assets in this story — live, source-stamped, updated every 15 minutes.
Figures and sectors in this story, checked live against on-chain aggregators · October 13, 2026.
TLT reads these figures directly from on-chain aggregators (DeFiLlama, mempool.space) at build time — independent of what any outlet reported. Sector totals aggregate every protocol DeFiLlama tracks in that category. Values are live and will change.
Standard Chartered Launches RLUSD Custody on XRP Ledger for — questions & answers
What is RLUSD and why is it important?
RLUSD is Ripple's USD-backed stablecoin with a $2.42 billion circulating supply. It provides a stable digital asset for transactions and trading.
How does Standard Chartered's custody service work?
The service provides secure custody for RLUSD on the XRP Ledger, targeting institutional clients and ensuring the safety of their digital assets.
What is the significance of the LMAX Group collaboration?
The collaboration allows institutions to use RLUSD as trading collateral while the coins remain in custody, streamlining the collateral management process.
How much is 1 XRP worth in naira today?
About ₦1,871.24 at the live peer-to-peer (P2P) USDT rate, which is what Nigerians typically trade at — equivalent to roughly $1.37. The naira price moves with both XRP's US-dollar price and the USDT/NGN rate; use our XRP in naira page for any amount.
Has XRP's price moved since this brief was published?
XRP is down 0.72% since this brief first published — trading at $1.37 now versus $1.38 at publication. TLT re-checks this figure against CoinGecko and Binance every 15 minutes.
Which outlets reported this story?
This is an original TLT brief that synthesises reporting from Live Bitcoin News, Cointelegraph, Crypto.news, CryptoPotato, with the key figures cross-checked for agreement across them. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original TLT brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.