BlockBeats News, September 16th, according to CoinDesk’s report, ORQO Group, an emerging institutional asset management company with assets under management totaling $370 million, officially launched on Tuesday, planning to build a yield platform for Ripple’s RLUSD stablecoin.
Headquartered in Abu Dhabi, the ORQO Group has integrated four entities from the traditional finance and digital asset space: Poland’s private debt management and licensed fund management company Mount TFI, Malta’s multi-strategy digital hedge fund Monterra Capital, blockchain engineering studio Nextrope, and a decentralized finance (DeFi) protocol Soil compliant with the EU’s MiCA crypto framework.
ORQO has obtained licenses in Poland and Malta, and is currently seeking approval from the Abu Dhabi Global Market (ADGM) Financial Services Regulatory Authority to expand its business in the Middle East, a region the group considers a core market for regulated digital asset growth.
