Standard Custody & Trust Company, a Ripple subsidiary chartered by New York's financial regulator (NYDFS).
The official issuer of record for Ripple's RLUSD stablecoin.
It sits between the corporate parent, Ripple Labs, and the regulated stablecoin, acting as the entity that formally issues RLUSD inside the GENIUS Act regulatory perimeter.
It's a small but essential structural piece showing how a crypto company uses a chartered subsidiary to place its stablecoin inside the approved legal framework.