Requirement Chartered has actually introduced institutional custody services for Ripple’s RLUSD stablecoin, with strategies to broaden its usage as trading security.
The UK-based international bank revealed Monday it presented RLUSD assistance on the XRP Ledger (XRPL) through its Dubai International Financial Centre (DIFC) branch, offering qualified institutional customers access to its digital possession custody facilities.
Requirement Chartered prepares to extend its collateral-mirroring design to LMAX Group, an institutional trading business, enabling customers to utilize RLUSD as trading security while keeping the tokens in the bank’s custody.
The design would let LMAX acknowledge the worth of qualified RLUSD holdings without needing customers to move the tokens to its trading platform. Requirement Chartered stated this might minimize transfer-related dangers and aid organizations handle their direct exposure to trading counterparties.
Ripple, the blockchain payments business behind RLUSD, and LMAX Group formerly revealed a collaboration in January 2026 to broaden institutional usage of the stablecoin.
Requirement Chartered stated the extra security abilities stay based on last documents, screening, regulative requirements and internal approvals.
Cointelegraph got in touch with Standard Chartered for more information and will upgrade this post upon getting an action.
Related: Requirement Chartered prepares institutional crypto custody in Singapore
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