ORQO Group launches $370 million asset management in Abu Dhabi to provide on-chain yields for Ripple stablecoin

ChainCatcher news, the ORQO group was officially established today in Abu Dhabi, integrating four traditional finance and crypto asset companies, managing assets totaling $370 million.

The group plans to provide on-chain yield services based on private credit for Ripple's RLUSD stablecoin holders through its compliance yield platform, Soil. ORQO has obtained licenses in Poland and Malta and is currently seeking approval from the Abu Dhabi Financial Services Regulatory Authority to expand its business in the Middle East. ORQO CEO Nicholas Motz stated, "This is an opportunity to become a global on-chain asset manager." This move is part of a trend in the crypto market to bring traditional financial instruments like private credit onto the blockchain. It is predicted that the market size for tokenized real-world assets could reach $18.9 trillion by 2033, far exceeding the current size of $30 billion.