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Custodian

Standard Custody & Trust Company

Live. At least one live or integrated claim that is not marked historical and is not a second-order hop.

NYDFS-chartered digital-asset trust company acquired by Ripple (announced February 2024, closed June 2024). RLUSD is issued under a New York trust charter. Issuance on XRPL is a separate, sourced claim.

Headquarters
New York, United States
Documented activity countries
United States
Last reviewed
2026-09-08

Named products / networks / assets: Standard Custody · Ripple USD (RLUSD)

Claims and evidence

Each claim is stored at project level. Integrated means a capability was implemented; live requires evidence of actual operation.

Ripple acquisitionLive

Ripple announced agreement to acquire Standard Custody & Trust Company, an enterprise-grade regulated digital-asset platform, and later stated the acquisition closed after regulatory approvals, adding a NYDFS limited-purpose trust company to its licence portfolio.

Geographic basis: United States (New York charter). · Activity: United States

Company announcement

Ripple Announces Acquisition of Standard Custody & Trust Company

Ripple · published 2024-02-13 · checked 2026-09-08

Ripple announced it has agreed to acquire Standard Custody & Trust Company. Closing subject to regulatory approval. Standard Custody CEO Jack McDonald is quoted on providing infrastructure with Ripple.

Intent announcement; completion is sourced separately.

Open source
Company announcement

Ripple Closes Standard Custody Acquisition and Announces Jack McDonald as SVP Stablecoins

Ripple · published 2024-06-11 · checked 2026-09-08

The acquisition received necessary regulatory approvals and is now complete. Ripple’s stablecoin will be issued on XRP Ledger to help bring more liquidity to XRPL’s native DEX.

Company insights post. On-chain issuance details are not attached in this record.

Open source
XRPL issuanceLivePublic XRPL mainnet

On closing, Ripple wrote that its stablecoin will be issued on the XRP Ledger to help bring more liquidity to XRPL’s native DEX. RLUSD is separately described as issued under a NYDFS trust company charter.

Geographic basis: US-chartered issuance. XRPL is a public global ledger; the activity country remains the issuer’s jurisdiction, not every country where RLUSD might trade. · Activity: United States

Uncertainty: This record establishes the announced issuance venue (XRPL) and the NY charter. It does not inventory every chain where RLUSD may also exist, nor on-chain reserve proofs.

Company announcement

Ripple Closes Standard Custody Acquisition and Announces Jack McDonald as SVP Stablecoins

Ripple · published 2024-06-11 · checked 2026-09-08

The acquisition received necessary regulatory approvals and is now complete. Ripple’s stablecoin will be issued on XRP Ledger to help bring more liquidity to XRPL’s native DEX.

Company insights post. On-chain issuance details are not attached in this record.

Open source
Company announcement

Ripple Selects BNY to Custody Ripple USD Reserves

Ripple · published 2025-07-09 · checked 2026-09-08

RLUSD is described as issued under a New York Department of Financial Services Trust Company Charter.

Does not itself prove on-chain circulating supply.

Open source

Timeline

  1. 2024-02

    Acquisition announced.

  2. 2024-06-11

    Acquisition closed; Jack McDonald named SVP Stablecoins.

  3. 2025-07-09

    BNY named primary reserve custodian for RLUSD.

Related organizations

Each link is sourced. The step count labels path length. A chain of business relationships is not evidence that the far organization uses XRP.

  • Ripple1-step · 2024-06-11

    Acquired by

  • BNY1-step · 2025-07-09

    RLUSD reserve custodian (BNY)

Uncertainties and missing follow-up

  • Multi-chain listings of RLUSD are not inventoried here.

X-Index (xindex.info) is an independent community research directory. v0.9.14 ingests China Country Packet 002. Enriched: Shanghai Huarui Bank (end-2015 PoC and CIO Sun Zhongdong’s 2016–2017 speeches distinguishing Ripple’s payment protocol from cryptocurrency; 2016 commercial-intent announcement remains historical) and LianLian (7 February 2018 RippleNet/xCurrent production agreement into China via the Hong Kong-licensed unit — not XRP). New cards: Tsinghua Institute for Fintech Research (UBRI grant, not a payments customer), University of Chinese Academy of Sciences (industry-report mention), China Banking Association (framework survey), and Shanghai Institutes for International Studies (Ripple/XRP/RTXP as a monetary-reform research example). Academic papers on Ripple as a case study stay in Documents, not as university customer cards. Ripple Payments China payout rails and bank-code tables are product docs, not customer lists. Huarui annual reports and the Lianlian HKEX prospectus were not added because a Ripple mention was not independently extracted. Insights blogs are not Press. A 2016 SBI Ripple Asia sales-territory sentence covering China is not a Chinese bank customer. v0.9.13 ingests United States Country Packet 001: Fed FEDS 2016.095 (Interledger mention; Ripple/XRP not named), Faster Payments Part One, Ripple’s OP-1625 comment, CFPB remittance reports, NYDFS virtual-currency license of Ripple Markets DE, OFAC FAQ 563 (XRP as an SDN address-type example), MoneyGram’s 2019 10-K (ODL/XRP, later ended), Interledger/IETF protocol papers, XRPL consensus and confidential-MPT specs, and academic papers labeled Academic. New cards: CFPB (mention), NYDFS (license, not a partnership), R3 (2016 XRP interbank trial — not Corda), Western Union (2018 testing), MIT Connection Science (2016 research validator), Berkeley Haas, Penn, and Morgan State (UBRI grants, not payments customers). A CFPB market example is not CFPB using XRP. Insights blogs and Fortune articles are not Press. The 2019 Fed ACH remittance report is declined (does not name Ripple/XRP). v0.9.12 adds a Press catalog of newsroom pages already sourced on organization records — Ripple’s own newsroom, issuer newsrooms, and wires. A press release is an announcement, not a 2026 live rail. v0.9.11 adds Aurum Equity Partners (Pleasanton) and Zoniqx for the announced $1B XRPL tokenized data-center fund, and the European Central Bank and World Economic Forum as mention-stage issuers of already-catalogued Documents. Not the Indian Aurum LLP. A WEF use-case example is not a WEF–Ripple partnership. Task-force co-members (SWIFT, CLS, NACHA) were not added as separate cards. v0.9.10 adds Documents from a user-supplied list: Federal Bank’s 2019 NSE Ripple intimation, Standard Chartered’s 2016 Ripple investment PDF, Breda et al.’s SSRN difference-in-differences of announced RippleNet adoption (not a bank filing), and academic papers on XRPL topology, patents, fiqh classification and consensus — labeled Academic, not institutional endorsement. A magazine reprint of the existing SG-FORGE EURCV page is not a second primary. Chinese how-to-buy XRP pages are not institutional. v0.9.9 adds Documents from a user-supplied PDF list: ECB 2015 virtual-currency analysis, Ripple’s 2021 House of Lords evidence, Palau PSC press, a World Bank CBDC energy note citing Ripple’s XRP table, and academic papers (Jani, Mokeeva/Novosibirsk lab cite, Firouzi, etc.) labeled Academic — not institutional endorsement. A 2018 student overview is not a bank customer. v0.9.8 adds Shariyah Review Bureau’s March 2022 Sharia Analysis of Ripple/XRP (alongside the existing XRP Compliant screen) and Ripple’s 2023–2024 seat on the BIS CPMI PIE task force — a historical industry-committee membership, not a current listing and not XRP as a G20 rail. v0.9.7 adds a Documents catalog of institutional and business pages that actually name Ripple, XRPL, or XRP — a caption or screenshot is not the source. Flags are headquarters plus sourced activity countries. A BRICS or OPEC mark is country membership, not a bloc partnership. A past announcement is not a current-day connection. Counts are documented organizations in this database, not exhaustive national adoption. Last updated 2026-09-10. Not affiliated with Ripple.