Standard Chartered launches institutional custody for Ripple's RLUSD stablecoin on XRP Ledger

RLUSD: RLUSD is Ripple’s USD-backed stablecoin designed for payments, trading, and DeFi use cases. It runs natively on the XRP Ledger and other blockchains. Standard Chartered’s new institutional custody service for RLUSD directly supports safer storage and settlement for large-scale users of the stablecoin. Ripple: Ripple is a financial technology company specializing in blockchain-based cross-border payments and enterprise solutions. It issues the RLUSD USD-backed stablecoin as part of its expanding stablecoin and payments ecosystem. Ripple’s stablecoin is the focus of a new institutional custody offering by Standard Chartered on the XRP Ledger. Standard Chartered: Standard Chartered is a major international bank with a focus on markets in Asia, Africa, and the Middle East, offering corporate and institutional financial services including digital asset solutions. It is expanding its custody capabilities into cryptocurrencies and stablecoins to meet growing institutional demand. The bank is launching dedicated institutional custody services specifically for Ripple’s RLUSD stablecoin on the XRP Ledger. Stablecoin Ecosystem: Stablecoin issuers are partnering with established financial institutions to improve compliance, security, and accessibility for corporate and institutional clients. Institutional Services: Traditional banks are extending custody and settlement infrastructure to stablecoins to facilitate institutional participation in digital asset markets.