The planned model aims to streamline digital asset deployment for institutional clients by linking custody, trading and collateral operations.
Standard Chartered has launched institutional custody support for Ripple USD (RLUSD) issued on the XRP Ledger, giving eligible clients access to the bank’s digital asset custody infrastructure. The parties are working to enable the token as eligible collateral for agreed LMAX products and solutions The service will be provided through Standard Chartered Bank’s Dubai International Financial Centre (DIFC) branch, which is regulated by the Dubai Financial Services Authority. The mo