Standard Chartered said its DIFC branch, regulated by the Dubai Financial Services Authority, will offer institutional custody for Ripple USD (RLUSD) issued on the XRP ledger. With Ripple and LMAX Group it plans to make RLUSD eligible collateral under a mirror-collateral model, pending final documents, testing and approvals.
The story so far: Standard Chartered digital asset custody
Standard Chartered said its DIFC branch, regulated by the DFSA, will offer institutional custody for Ripple USD with Ripple and LMAX, planning RLUSD as eligible collateral under a mirror-collateral model. It has now launched institutional digital asset custody in Luxembourg and DIFC with LMAX, letting clients keep…
Standard Chartered launches RLUSD custody with Ripple and LMAX
Standard Chartered said its DIFC branch, regulated by the Dubai Financial Services Authority, will offer institutional custody for Ripple USD (RLUSD) issued on the XRP ledger. With Ripple and LMAX Group it plans to make RLUSD eligible collateral under a mirror-collateral model, pending final documents, testing and approvals.
Standard Chartered offers digital asset custody in Luxembourg and DIFC
Standard Chartered says it now provides digital asset custody in Luxembourg and the Dubai International Financial Centre. Its licensed partnership with LMAX covers its Luxembourg entity and Dubai branch, and a separate collateral link will let clients trade with tokens held in the bank's custody.
Standard Chartered launches institutional digital asset custody in Luxembourg and DIFC
Standard Chartered has launched digital asset custody for institutional investors in Luxembourg and the Dubai International Financial Centre, working with LMAX. Clients can keep tokens in custody while using them as trading margin and collateral.
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