If successful, this would allow the value of the stablecoin held in custody to be reflected at the trading venue without requiring the underlying assets themselves to be transferred there.
The parties involved in the new collaboration argued that this setup could reduce transfer-related operational risk, improve counterparty exposure management, and make institutional capital more efficient.
“$RLUSD was built for exactly this kind of institutional use case. Our customers want the efficiency of a regulated stablecoin without giving up the custody standards they already trust. Bringing together $RLUSD on the $XRP Ledger, Standard Chartered’s custody capabilities and LMAX Group’s institutional trading infrastructure creates a practical path for institutions to put stablecoins to work across global markets,” said Jack McDonald, SVP, Stablecoins, Ripple.
Importantly, the planned collateral integration is not live yet, but Standard Chartered said it remains subject to final documentation, testing, regulatory requirements, internal approvals, and jurisdictional readiness.
Nevertheless, this is another major adoption win for Ripple and its native assets. The stablecoin alone recently reached a market cap of over $2.5 billion, less than two years after its debut.
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