Standard Chartered has launched custody for Ripple's RLUSD stablecoin on the XRP Ledger, according to The Block [1]. The bank's Dubai branch now offers custody for RLUSD and plans a link with LMAX [2]. Standard Chartered also plans to let institutions use the tokens as trading collateral [3]. The news was first reported by Cointelegraph at 09:30:57 UTC on 12 October 2026 [3] and by other outlets later that day [1][2][4][5]. [1] [2] [3]

The story is labeled Unverified, meaning it is reported by an established outlet or several sources but not confirmed at the source. It has been reported by CoinDesk, The Block, Decrypt, The Defiant, and Cointelegraph [1][2][3][4][5]. No claim in the material states that Standard Chartered, Ripple, or LMAX have confirmed the launch or the planned link. [1] [2] [3] [4] [5]

According to CoinDesk, Ripple previously gave LMAX $150 million in financing to integrate RLUSD into its institutional infrastructure [5]. This figure is stated exactly as given by the claim. [5]

The planned link with LMAX would let institutions use RLUSD as collateral without transferring it to the trading venue, according to The Defiant [4]. Cointelegraph reported that Standard Chartered plans to let institutions use the tokens as trading collateral [3]. The material does not state when the link would be operational or whether it has been approved by regulators. [3] [4]

The Dubai branch's custody service is described by Decrypt as now offering custody for RLUSD [2]. The Block reported that the custody is on the XRP Ledger [1]. No further details about the service, such as fees or eligible clients, are provided in the claims. [1] [2]

What remains unconfirmed is whether Standard Chartered has officially launched the custody service and whether the planned LMAX link will proceed. The story is labeled Unverified, and no claim in the material includes a confirmation from the bank, Ripple, or LMAX. The financing figure of $150 million is also unconfirmed by the parties involved. [1] [2] [3] [4] [5]