Eligible clients can custody XRPL-issued RLUSD through the DIFC branch; the planned LMAX collateral link remains conditional and undated.
Standard Chartered has launched custody for Ripple’s RLUSD stablecoin on the XRP Ledger and plans to let institutions use the tokens as trading collateral.
Ripple previously gave LMAX $150 million in financing to integrate RLUSD into its institutional infrastructure.
The massive banking organization has taken another step into digital assets by launching institutional custody for Ripple USD on the XRP Ledger.
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