Standard Chartered has begun offering custody services for RLUSD in Dubai, marking a significant step in its crypto service expansion, according to CoinDesk. This move aims to enhance secure asset management for clients in the region.
Additionally, the bank plans to integrate LMAX as collateral, which could streamline collateral management and boost liquidity options within its crypto offerings. This linkage is expected to facilitate smoother operations between custody and collateral functions.
For Japanese investors and market participants, this development highlights growing institutional adoption of digital assets in Asia, signaling potential opportunities and increased infrastructure support for crypto-related financial services in the region.