Standard Chartered Launches RLUSD Custody on XRP Ledger for Institutions
Standard Chartered has introduced institutional custody services for Ripple's RLUSD stablecoin on the XRP Ledger, with plans to integrate trading collateral functionality.
Standard Chartered has introduced institutional custody services for Ripple's RLUSD stablecoin on the XRP Ledger, with plans to integrate trading collateral functionality. XRP (XRP) is trading at $1.38. This is an original Token Times brief synthesising 4 outlets (Live Bitcoin News, Cointelegraph, Crypto.news, and others), plus live market data, as of Tue, 13 Oct 2026 08:15:01 UTC.
This development marks a significant expansion of institutional crypto services by a major bank, leveraging the XRP Ledger for stablecoin custody and potentially increasing institutional adoption of digital assets. The integration with LMAX Group's trading platform could streamline institutional trading workflows.
- Standard Chartered now offers RLUSD custody on the XRP Ledger for institutional clients.
- The bank plans to enable RLUSD as trading collateral through LMAX Group.
- RLUSD has a $2.42B circulating supply, according to DeFiLlama.
- The move could boost institutional adoption of XRP Ledger and RLUSD.
Multiple outlets including Decrypt, Cointelegraph, and Crypto.news confirm that Standard Chartered has launched institutional custody services for Ripple's RLUSD stablecoin on the XRP Ledger. They also agree that the bank plans to integrate with LMAX Group to allow institutions to use RLUSD as trading collateral while the coins remain in custody. However, CryptoPotato emphasizes the bank's broader strategic move into digital assets, while specific details about the timeline and technical implementation are not fully disclosed across outlets.
- Standard Chartered Launches RLUSD Custody on XRP Ledger in Dubai
- Standard Chartered Launches RLUSD Custody on XRP Ledger for Institutions — this brief
Standard Chartered has announced the launch of institutional custody services for Ripple's RLUSD stablecoin on the 
XRP Ledger. This service is designed for qualified institutional buyers and represents a significant expansion of the bank's digital asset offerings.
The custody service is part of a broader collaboration that includes plans to integrate with LMAX Group's trading platform. This integration will allow institutional clients to use RLUSD as trading collateral, while the coins remain securely in custody on the XRP Ledger.
According to DeFiLlama, the circulating supply of RLUSD is currently $2.42 billion. This sizable market presence underscores the potential impact of Standard Chartered's move on the stablecoin ecosystem.
The XRP Ledger, which underpins RLUSD, has seen increased institutional interest due to its fast transaction speeds and low costs. The involvement of a major bank like Standard Chartered could further legitimize the platform and attract more institutional users.
In the current market context, the total crypto market cap stands at $2.89 trillion, with 
Bitcoin experiencing a slight 24-hour decline of 0.61%. XRP, the native token of the XRP Ledger, is trading at $1.38, down 2.81% in the last 24 hours but maintaining a strong market cap of $86.84 billion.
The development highlights the growing trend of traditional financial institutions embracing digital assets. As more banks enter the space, it could lead to increased liquidity and stability in the crypto market. Investors and market participants should watch for further announcements from Standard Chartered regarding the rollout of additional features and services related to RLUSD.
Since this brief published about 15 hours ago, XRP (XRP) has moved from $1.38 to $1.38 — +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 ≈ ₹143.52 (about $1.38), down 2.0% over 24 hours. The rupee itself trades about 8.4% 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 13, 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 Launches RLUSD Custody on XRP Ledger for — questions & answers
What is Standard Chartered's new service for RLUSD?
The bank now offers institutional custody for RLUSD on the XRP Ledger and plans to enable it as trading collateral through LMAX Group.
How much RLUSD is currently in circulation?
RLUSD has a circulating supply of $2.42 billion, according to DeFiLlama.
What is the significance of this move for XRP Ledger?
The involvement of a major bank could increase institutional adoption of the XRP Ledger and boost its credibility in the market.
How much is 1 XRP worth in rupee today?
About ₹143.52 at the live peer-to-peer (P2P) USDT rate, which is what Indians typically trade at — equivalent to roughly $1.38. 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 Live Bitcoin News, Cointelegraph, Crypto.news, CryptoPotato, 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.