Standard Chartered Will Hold Ripple’s Stablecoin in Dubai—And Let Clients Trade With It Without Moving It
Summary
Standard Chartered has introduced custody services for Ripple's RLUSD stablecoin through its Dubai branch. The financial institution is also developing a system with LMAX to allow institutional clients to use the digital asset as trading collateral without transferring the tokens from storage.
The bank's Dubai branch now offers custody for Ripple's RLUSD stablecoin and plans a link with LMAX that lets institutions post it as trading collateral while the coins stay put.
Source: Read the full story at Decrypt
Disclaimer: This content is for informational and educational purposes only and is not financial, investment or trading advice. Tech & Money Press is not a registered investment adviser or broker-dealer. Trading stocks, options and crypto involves substantial risk, including the loss of your entire investment. Do your own research and consult a licensed professional before making any financial decision. The authors may hold positions in the securities mentioned. News summaries are written with AI assistance from the original publisher's report and may contain errors; always check the original source. Full disclaimer.