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Abu Dhabi–based ORQO has launched with $370 million in assets and plans a yield platform for Ripple’s RLUSD stablecoin. CoinDesk reported debut on Sep. 16, noting ORQO’s aim to become a global on-chain asset manager. The firm will focus on regulated RWA strategies tied to stablecoin deposits and private credit.
ORQO brings together Mount TFI, Monterra Capital, Nextrope and Soil, and is seeking approval at Abu Dhabi Global Market. Its Soil unit plans RLUSD vaults on XRP Ledger, with initial credit pools “in the near future.” Soil has outlined credit-pool plans, while Ripple describes RLUSD as a dollar-backed stablecoin on XRPL and Ethereum.
“It’s an opportunity to become a global on-chain asset manager. We have all the pieces: the off-chain asset management, and on-chain, too,” said Nicholas Motz, CEO of ORQO, in an interview.
Background: Tokenized real-world assets turn cash flows from things like private credit and real estate into digital instruments. Stablecoins supply ready demand and fast settlement. Abu Dhabi is building a regulated hub for such products, and firms with EU licenses see the Gulf as a bridge between traditional investors and on-chain liquidity.
