ORQO Group launches $370 million asset management in Abu Dhabi, providing on-chain returns on Ripple stablecoins
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最新报道：According to Bijie.com, the ORQO Group officially launched in Abu Dhabi on September 16th, integrating four traditional financial and crypto asset firms with $370 million in assets under management. The group plans to provide on-chain yield services based on private credit to holders of Ripple's RLUSD stablecoin through its compliant yield platform, Soil. ORQO has already obtained licenses in Poland and Malta and is currently seeking approval from the Abu Dhabi Financial Services Regulatory Authority to expand into the Middle East. "This is an opportunity to become a global on-chain asset manager," said ORQO CEO Nicholas Motz. This move is part of a growing trend in the crypto market to bring traditional financial instruments, such as private credit, to the blockchain. It is estimated that the market for tokenized physical assets could reach $18.9 trillion by 2033, far exceeding the current $30 billion.
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