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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 Abu Dhabi launches $370 million asset management to provide on-chain returns for Ripple stablecoin.
According to Mars Finance, ORQO Group was officially established today in Abu Dhabi, integrating four traditional finance and crypto asset companies, managing assets worth $370 million. The group plans to provide on-chain yield 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 may reach $18.9 trillion by 2033, far exceeding the current size of $30 billion.