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🔥 Day 8 Hot Topic: XRP ETF Goes Live
REX-Osprey XRP ETF (XRPR) to Launch This Week! XRPR will be the first spot ETF tracking the performance of the world’s third-largest cryptocurrency, XRP, launched by REX-Osprey (also the team behind SSK). According to Bloomberg Senior ETF Analyst Eric Balchunas,
ORQO Group launches $370 million asset management in Abu Dhabi, which will provide on-chain yields for Ripple stablecoin.
ChainCatcher news, ORQO Group officially established today in Abu Dhabi, integrating four traditional financial and crypto asset companies, managing assets of 370 million USD. The group plans to provide on-chain income services based on private credit for Ripple's RLUSD stablecoin holders through its compliance yield platform Soil. ORQO has obtained licenses in Poland and Malta and is now seeking approval from the Abu Dhabi Financial Services Regulatory Authority to expand its business in the Middle East. ORQO CEO Nicholas Motz stated: "This is an opportunity to become a global on-chain asset manager." This move is one of the trends in the crypto market to bring traditional financial instruments like private credit into the blockchain. It is predicted that the market size of tokenized real assets could reach 18.9 trillion USD by 2033, far exceeding the current size of 30 billion USD.