Standard Chartered’s Live RLUSD Custody Sets Up a Separate Collateral Test

Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. TL;DR: Standard Chartered now supports eligible institutional RLUSD custody through its DIFC branch; a separate LMAX collateral arrangement is planned. The difference between holding a stablecoin and using it as trading collateral is the centre of a new Standard Chartered arrangement. The bank said on October 12 that institutional custody for Ripple USD on the XRP Ledger is live through its DIFC branch, which is regulated by the Dubai Financial Services Authority. Alongside that service, Standard Chartered is working with Ripple and LMAX Group on a collateral model. The proposed arrangement would allow the value of eligible RLUSD holdings to be mirrored to a trading venue without sending the underlying tokens there directly. In principle, that reduces the need to move assets between custodians and...