ORQO Group Abu Dhabi launches USD 370 million asset management to provide on-chain earnings for Ripple stablecoin

According to ChainCatcher, ORQO Group was officially established in Abu Dhabi today, integrating four traditional financial and crypto asset companies with assets under management of US$370 million. The group plans to provide private credit-based on-chain earnings services to Ripple's RLUSD stablecoin holders through its compliant earnings platform Soil. ORQO has obtained licenses in Poland and Malta and is now seeking approval from the Financial Services Regulatory Authority of Abu Dhabi to expand its operations in the Middle East. "This is an opportunity to become a global asset manager on-chain," said ORQO CEO Nicholas Motz. This move is one of the trends in the crypto market to introduce traditional financial tools such as private credit into the blockchain. It is predicted that the market size of tokenized entity assets may reach US$18.9 trillion by 2033, far exceeding the current scale of US$30 billion.