Standard Chartered Bank provides institutional custody services for Ripple USD (RLUSD), issued on the XRP Ledger through its DIFC branch and regulated by the DFSA. It is working with Ripple and the LMAX Group to include RLUSD among the eligible collateral for LMAX products. Under the collateral mirroring model, institutional clients can trade without transferring RLUSD to the trading venue. Implementation is still subject to the completion of final documentation, testing, and regulatory approval.

Standard Chartered Bank provides institutional custody services for RLUSD issued on the XRPL through its DIFC branch, regulated by the Dubai Financial Services Authority (DFSA). In collaboration with Ripple and LMAX Group, it plans to include RLUSD as eligible collateral for LMAX products. Under the collateral mirroring model, institutional clients can trade without transferring RLUSD directly to the trading venue. The functionality will only be implemented after final documentation is signed, testing is completed, and regulatory approval is obtained.