Standard Chartered has introduced custody services for Ripple’s RLUSD stablecoin on the XRP Ledger, marking a significant development in crypto asset management, according to CoinTelegraph. The move allows the bank to securely hold RLUSD tokens, enhancing institutional access to this digital asset.
In addition to custody, Standard Chartered plans to permit institutions to use RLUSD tokens as collateral for trading activities. This step could facilitate greater liquidity and flexibility for market participants engaging with Ripple’s stablecoin within the XRP Ledger ecosystem.
For Japanese investors, this development signals growing integration between traditional finance and blockchain assets, potentially influencing how local institutions approach stablecoins and digital collateral in FX and equity markets.