The Dubai custody is live for eligible clients; a planned LMAX collateral arrangement remains subject to documentation, testing and regulatory approvals.
Standard Chartered has added RLUSD custody in Dubai for eligible clients.
The LMAX collateral arrangement is not yet operational; Standard Chartered has described it as planned, with documentation, testing and regulatory approvals still required.
Reported by The Wrap desk from Digital Capital Daily coverage pack. Published . Corrections
The Dubai custody is live for eligible clients; a planned LMAX collateral arrangement remains subject to documentation, testing and regulatory approvals.
BaFin authorized the bank under the EU's Markets in Crypto-Assets rules on Oct. 12; the German launch remains subject to regulatory approval.
The bank says the service runs through Zodia Markets under VARA licensing and keeps custody and settlement inside its own ecosystem.
The Hong Kong dollar token is fully backed by high-quality liquid assets in separate accounts; a tokenized money market fund share class is next.
The brokerage formerly known as Hidden Road announced the service on Oct. 15, with Virtu already trading.
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