Standard Chartered Expands Crypto Services with Ripple USD Custody and LMAX Integration
The bank now offers custody for Ripple's RLUSD stablecoin and aims to enable it as collateral for LMAX trading products.
The bank now offers custody for Ripple's RLUSD stablecoin and aims to enable it as collateral for LMAX trading products. XRP (XRP) is trading at $1.40. This is an original Token Times brief synthesising 2 outlets (Cointelegraph, The Block), plus live market data, as of Mon, 12 Oct 2026 11:00:01 UTC.
This development marks a significant step in institutional adoption of stablecoins, particularly on the XRP Ledger, and could increase RLUSD's utility and liquidity in institutional trading.
- Standard Chartered now offers custody for Ripple's RLUSD stablecoin.
- RLUSD will be accepted as collateral for certain LMAX trading products.
- The move aims to enhance institutional access to crypto assets.
- RLUSD has a market cap of $2.45B, according to DeFiLlama.
Cointelegraph and The Block both report that Standard Chartered has launched custody services for Ripple's RLUSD stablecoin on the XRP Ledger. They also agree that the bank is working with Ripple and LMAX Group to enable RLUSD as collateral for certain LMAX products. However, The Block provides more specific details about the 'collateral mirroring model' being used for this integration, while Cointelegraph focuses on the custody aspect and potential for institutional adoption.
Standard Chartered has expanded its cryptocurrency services by launching custody for Ripple's RLUSD stablecoin on the 
XRP Ledger. This move is part of the bank's broader strategy to increase its presence in the digital asset space and provide more services to institutional clients.
In addition to custody, Standard Chartered is working with Ripple and LMAX Group to enable RLUSD as collateral for certain trading products offered by LMAX. This integration is expected to enhance the utility of RLUSD in institutional trading and provide more liquidity options for market participants.
The collaboration between Standard Chartered, Ripple, and LMAX Group is significant as it brings together traditional financial institutions and blockchain technology. This partnership could serve as a model for other banks and financial institutions looking to integrate digital assets into their services.
According to DeFiLlama, the circulating supply of RLUSD is $2.45 billion, which indicates a substantial market presence for the stablecoin. This large market cap could make RLUSD an attractive option for institutions looking to use stablecoins for trading and settlement.
The broader cryptocurrency market remains relatively stable, with a total market cap of $2.9 trillion. 
Bitcoin has seen a slight increase of 0.61% in the past 24 hours, while XRP, the native token of the XRP Ledger, is trading at $1.4 with a 0.89% increase over the same period. The Fear & Greed index stands at 69, indicating a 'Greed' sentiment in the market.
Since this brief published about 1 hour ago, XRP (XRP) has moved from $1.40 to $1.40 — +0.00%.
The chart plots XRP's price: grey is the move before this brief published, the vertical dashed line marks the moment it published, the horizontal dashed line is the price then, and the coloured area is the move since — from Token Times's market data (daily resolution). It shows what happened after the news, not that the news caused it; many factors move prices. Not financial advice.
At today's peer-to-peer rate, 1 XRP ≈ ₹144.2 (about $1.40), up 1.1% over 24 hours. The rupee itself trades about 6.2% above the official rate on the P2P market, so a Indian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the assets in this story — live, source-stamped, updated every 15 minutes.
Figures and sectors in this story, checked live against on-chain aggregators · October 12, 2026.
Token Times reads these figures directly from on-chain aggregators (DeFiLlama, mempool.space) at build time — independent of what any outlet reported. Sector totals aggregate every protocol DeFiLlama tracks in that category. Values are live and will change.
Standard Chartered Expands Crypto Services with Ripple USD C — questions & answers
What is RLUSD and why is it important?
RLUSD is Ripple's USD-backed stablecoin with a $2.45B market cap. Its adoption by Standard Chartered and LMAX could boost institutional trust and usage.
How will RLUSD be used as collateral?
RLUSD will be accepted as collateral for certain LMAX trading products through Standard Chartered's collateral mirroring model.
What is the significance of this partnership?
The collaboration between Standard Chartered, Ripple, and LMAX could set a precedent for institutional adoption of stablecoins and blockchain technology in traditional finance.
How much is 1 XRP worth in rupee today?
About ₹144.2 at the live peer-to-peer (P2P) USDT rate, which is what Indians typically trade at — equivalent to roughly $1.40. The rupee price moves with both XRP's US-dollar price and the USDT/INR rate; use our XRP in rupee page for any amount.
Which outlets reported this story?
This is an original Token Times brief that synthesises reporting from Cointelegraph, The Block, with the key figures cross-checked for agreement across them. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original Token Times brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.