Ripple and DriveWealth will settle in RLUSD on the XRP Ledger across a brokerage network of more than 100 partners, starting in Europe. The companies did not disclose volumes or fees, so the only size on offer is the partner count.
Perspective Coverage
3 publishers
- Builder
- Builder 25%
- Operator
- Operator 42%
- Investor
- Investor 33%
Reality
- Evidence40
- Adoption
- Not scored
- Hype gap+20
- Incentives
- Not scored
- Confidence60
Standard Chartered opened institutional custody of Ripple's RLUSD on the XRP Ledger on Oct. 12, a token with about $2.4 billion in circulation. The plan to post it as LMAX collateral has no launch date and still needs testing, documentation and approvals.
Perspective Coverage
7 publishers
- Builder
- Builder 19%
- Operator
- Operator 45%
- Investor
- Investor 36%
Reality
- Evidence68
- Adoption22
- Hype gap+20
- Incentives60
- Confidence72
Standard Chartered sets a year-end target for Singapore crypto custody that still needs regulatory approval
Standard Chartered Singapore targets end-2026 for institutional crypto, stablecoin and tokenized-asset custody, pending regulatory approval. Until the bank lists supported assets, the claim that it will hold Ripple's RLUSD rests on an X post.
Reality
- Evidence50
- Adoption
- Not scored
- Hype gap+30
- Incentives
- Not scored
- Confidence55
Anchorage opens a qualified-custody route for bitcoin treasury firms into Sui's Hashi
Anchorage Digital is a day-one partner on Sui's Hashi, which opens in phases later this month with more than $500 million pledged. Treasury firms can post bitcoin held in qualified custody as collateral, though the cash they raise depends on stablecoin lenders on Sui.
Reality
- Evidence45
- Adoption15
- Hype gap+30
- Incentives75
- Confidence45
Standard Chartered plans a custody service for selected cryptocurrencies, stablecoins and tokenized assets for Singapore institutions. Clients of its securities-services arm could then keep tokens at a bank they already use, on a timetable the bank has not yet set.
Perspective Coverage
5 publishers
- Builder
- Builder 13%
- Operator
- Operator 46%
- Investor
- Investor 41%
Reality
- Evidence60
- Adoption15
- Hype gap+20
- Incentives55
- Confidence65
Sui Foundation has more than $500 million committed to Hashi, its native bitcoin collateral network, from over 20 partners including Anchorage Digital. Those pledges are launch liquidity for an October rollout, so what counts is how much bitcoin institutions actually post once promises have to become deposits.
Perspective Coverage
3 publishers
- Builder
- Builder 34%
- Operator
- Operator 33%
- Investor
- Investor 33%
Reality
- Evidence55
- Adoption12
- Hype gap+30
- Incentives70
- Confidence60
BitGo and HashKey Cloud widened their July staking deal into trading, custody and tokenized assets, with staking starting on ETH and SOL. No fees, launch dates, first clients or asset targets were given, so the first test is BitGo's own staking figures.
Reality
- Evidence55
- Adoption
- Not scored
- Hype gap+20
- Incentives60
- Confidence60
Thirty people and a book of institutional trading relationships changed hands on terms nobody disclosed, which leaves the $4.329bn of quarterly revenue BitGo is now trying to put a spread on as the number to read.
Perspective Coverage
9 publishers
- Builder
- Builder 16%
- Operator
- Operator 36%
- Investor
- Investor 48%
Reality
- Evidence70
- Adoption40
- Hype gap+25
- Incentives55
- Confidence65
Coinbase parks its tokenization hub in Abu Dhabi, and the licence is narrower than the banner
The exchange took an ADGM permission to arrange deals and custody tokenized securities. That is real plumbing, but the case for the UAE as the default institutional base still rests on licence counts.
Reality
- Evidence42
- Adoption38
- Hype gap+34
- Incentives74
- Confidence45
Custody+ adds digital asset custody later this year, starting with bitcoin, inside the framework Citi uses for traditional securities. The bank says it will hold native tokens rather than route them out.
Perspective Coverage
3 publishers
- Builder
- Builder 25%
- Operator
- Operator 35%
- Investor
- Investor 40%
Reality
- Evidence55
- Adoption30
- Hype gap+22
- Incentives72
- Confidence62
SharpLink routes $200M of ETH into Lido's wstETH, and DeFi risk onto its balance sheet
The Miami treasury company is sending about 106,000 ETH, roughly 12% of its stack, into a receipt token custodied at Anchorage. Passive holding is becoming collateral.
Reality
- Evidence34
- Adoption48
- Hype gap+32
- Incentives76
- Confidence42