Standard Chartered Will Hold Ripple's Stablecoin in Dubai—And Let Clients Trade With It Without Moving It
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Standard Chartered’s Dubai branch now offers custody for Ripple’s RLUSD stablecoin, and the bank is also working on a setup with LMAX Group that would let institutions use RLUSD as trading collateral while the tokens remain in custody. The developments add institutional support for RLUSD in Dubai and create a possible path for clients to post the stablecoin as eligible collateral without moving it.
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What it means
This affects institutional clients in Dubai who want to hold RLUSD with a bank and use it in trading arrangements. They can now place the stablecoin in Standard Chartered’s Dubai custody setup, and the planned LMAX link would let them treat it as collateral while it stays put.
In practice, the setup changes how RLUSD can be handled inside institutional trading workflows. Before this, the coins would have had to move for use in collateral-style activity; the new arrangement keeps them in custody while still being positioned for that role.
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