ORQO Group launches $370 million asset management in Abu Dhabi, will provide on-chain yield for Ripple stablecoin

ChainCatcher news, ORQO Group was officially established today in Abu Dhabi, integrating four traditional finance and crypto asset companies, with assets under management reaching $370 million.

The group plans to provide on-chain yield services based on private credit for holders of Ripple's RLUSD stablecoin through its compliant yield platform Soil. ORQO has obtained licenses in Poland and Malta and is now 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 the trend of bringing traditional financial instruments such as private credit onto the blockchain in the crypto market. It is predicted that the market size of tokenized real-world assets could reach $18.9 trillion by 2033, far surpassing the current $30 billion scale.