Standard Chartered builds out institutional custody amid unconfirmed RLUSD reports

Standard Chartered is expanding its business of holding crypto for institutions. A post on X says that push now covers Ripple’s RLUSD stablecoin on the XRP Ledger. The bank’s own October 8, 2026 announcement is more measured. It describes plans, regulatory conditions and a year-end target, so the details matter. What Standard Chartered actually announced On October 8, 2026, Standard Chartered Bank (Singapore) Limited said it plans to offer institutional-grade custody services in Singapore. The service would cover selected crypto assets, stablecoins and tokenized real-world assets. The target audience is narrow. The service is for institutional investors and corporate clients that qualify as accredited investors. The rollout comes with a condition. The service depends on the bank obtaining the necessary regulatory approvals, so the plan is not yet a finished product. Ying Ying Tan, the bank’s global head of digital assets, said the launch is targeted for completion by the end of 2026. Where RLUSD fits in The X post states that Standard Chartered is launching institutional custody for Ripple’s RLUSD stablecoin on the XRP Ledger. The XRP Ledger is the public blockchain closely associa...