TechFlow news, September 16 — According to CoinDesk, the ORQO Group officially launched today in Abu Dhabi, consolidating four traditional finance and crypto asset firms with $370 million in assets under management. The group plans to offer 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 its operations in the Middle East.
ORQO CEO Nicholas Motz said: "This is an opportunity to become a global on-chain asset manager." This move is part of a broader trend in the crypto market to bring traditional financial instruments such as private credit onto blockchains. The tokenized real-world assets market is projected to reach $18.9 trillion by 2033, far surpassing its current size of $30 billion.
