As XRP rebounds from $1.30, Ripple and XRP see five key developments.
On the price chart, XRP appears to be just another token following Bitcoin’s fluctuations. But on the XRP Ledger, a very different picture is emerging. The article states that, within just one week, a global bank launched custody services for Ripple’s stablecoin, the total value of tokenized assets on the network surpassed $5 billion, and XRP holders transferred tens of millions of tokens into yield-generating products.
XRP dropped to a low of $1.30 during Bitcoin's pullback, then quickly rebounded in a V-shaped recovery to around $1.37. Bitcoin itself was trading at approximately $83,500 at the time, with some experts describing this as a healthy correction.
Standard Chartered Bank provides custody for RLUSD on the XRP Ledger.
The article states that the biggest progress comes from Standard Chartered Bank. As one of Ripple’s early supporters, Standard Chartered announced on October 12 that it now provides institutional custody services for the Ripple USD stablecoin, RLUSD, issued on the XRP Ledger.
- Location: Offered through its branch located in the Dubai International Financial Centre, which is regulated by the Dubai Financial Services Authority.
- Target: Specific institutional clients that meet the requirements, although the bank has not disclosed the specific criteria.
- Trading Connectivity: Through a partnership with LMAX Group, clients can trade using RLUSD held in custody without transferring the underlying assets.
The company stated: “By integrating our capabilities with Ripple and LMAX, we can help our clients confidently incorporate digital assets into their broader financial activities.”
Analysis from Santiment shows that the supply of RLUSD has increased from approximately $2.4 billion to approximately $2.5 billion.
The XRP Ledger ranks sixth in tokenized assets.
A leading tokenized asset tracking firm ranks the XRP Ledger as sixth among blockchain networks, with a total real-world asset value of $5.046 billion and a represented value of $4.55 billion. Approximately 9.8% of this value has been distributed. Canton leads with $27.7 billion in represented asset value.
Holders are earning yield on their idle XRP.
Doppler Finance's XRP yield vault has surpassed 90 million XRP, estimated to be worth approximately $125 million according to the article. The article states that holders are moving their idle tokens into products that generate returns.
DeFi developers have also recognized a new role for XRP. Jesus Rodriguez, on the podcast *The Wolf of All Streets*, stated that assets like XRP and XLM, which have never previously generated on-chain yields, could be used to insure DeFi lending markets such as Aave and Morpho. Regarding the early practice of using ETH to protect insurance models built on ETH protocols, he said this was never economically sensible.
A Japanese lead related to the IMF
Regarding policy news, Reuters reported that Japan’s Minister of Finance, Satsuki Katayama, will chair the Joint Development Committee of the World Bank and the International Monetary Fund. She will be the first Japanese Minister of Finance to hold this position since the committee’s establishment in 1974. The article also noted that Katayama previously attended the XRP Tokyo 2026 conference via video earlier this year.
The views and opinions expressed at the end of this article are solely those of the author regarding current market conditions; readers should conduct their own research before making investment decisions. Neither the author nor the publisher assumes any responsibility for readers' financial choices.