ORQO’s Soil Expands to XRPL, Unlocks RLUSD Yield Opportunities

  • Because of the deployment of Soil on XRPL, the usefulness of RLUSD is increased, and it is transformed into an asset that has the ability to provide constant, asset-backed returns.
  • This allows users to earn fixed yields that are created by low-volatility financial instruments like as private credit, tokenized treasuries, and market-neutral hedge funds.
  • The extension onto XRPL has already been completed, and users have filled up asset pools totaling one million dollars in less than three days.

An institutional asset manager and technology platform that operates at the intersection of traditional finance and blockchain, ORQO Group, made an announcement today that its fintech platform, Soil, has expanded onto Ripple’s XRP Ledger (XRPL). Soil makes it possible for stablecoin holders to receive secure and predictable returns through tokenized real-world assets.

The extension onto XRPL has already been completed, and users have filled up asset pools totaling one million dollars in less than three days. Additional pools are scheduled to be created in the weeks to come. It is now possible for holders of the RLUSD stablecoin to get access to institutional-grade yields that are backed by conventional assets thanks to the fact that Soil has become a compliant yield protocol on XRPL.

Building on a track record of providing steady, risk-adjusted return across key Ethereum Virtual Machine (EVM) networks such as Polygon, Ethereum, BNB Chain, and Arbitrum over the last three years, the launch represents a significant expansion for Soil. Because of the deployment of Soil on XRPL, the usefulness of RLUSD is increased, and it is transformed into an asset that has the ability to provide constant, asset-backed returns. This helps to reinforce ORQO’s aim of connecting traditional finance with on-chain infrastructure.

Users are able to allocate RLUSD into on-chain Yield Vaults using the protocol that Soil has developed. This allows users to earn fixed yields that are created by low-volatility financial instruments like as private credit, tokenized treasuries, and market-neutral hedge funds.

As stablecoins continue their transition from a specialized utility to a fundamental global payment rail, industry projections indicate that the market will reach $2 trillion by the year 2028. This trajectory is being driven by the rapid acceptance of stablecoins by the general public, the establishment of more transparent regulatory frameworks, and the considerable consolidation of the sector.

“The stablecoin market’s transition toward a multi-trillion-dollar ecosystem requires the right infrastructure to deliver institutional-grade yield at scale,” said Nick Motz, CEO of ORQO Group and CIO of Soil. “Our expansion onto XRPL leverages our track record to directly integrate transparent, asset-backed yield into the platform. This move positions us to capture a share of this growth trajectory and reinforces the essential role stablecoins play in global finance under the guidance of industry leaders like Ripple.”

For the purpose of capitalizing on the chain’s compliance-ready and scalable ecosystem, Soil decided to embark on its next significant growth using the XRP Ledger. As a result of its near-instant finality and minimal transaction costs, XRPL is an ecosystem that is excellent for high-volume businesses that are efficient with capital.

Soil is a lending protocol that is built on blockchain technology. It bridges the gap between conventional finance and the world of cryptocurrencies, therefore changing corporate debt and fixed-income investments. Established businesses are able to acquire funding via this debt marketplace, and cryptocurrency investors are able to lend their stablecoins in order to earn yields that are generated from Real World Assets that cannot be found on the blockchain. Soil generates revenue by collecting a portion of the interest that borrowers pay to lenders, in addition to the fees that are generated by facilitating the connection between the two parties.

In the realm of conventional finance and blockchain innovation, ORQO Group is a worldwide institutional asset management and technology platform that operates at the confluence of these two fields. Within the context of a single on-chain investing ecosystem, the Group brings together regulated private credit, public stocks, digital hedge fund strategies, DeFi-native yield solutions, and tokenized real estate. With over $300 million in assets under management and licenses already in place in Poland (KNF) and Malta (MFSA), as well as the establishment of its global headquarters in Abu Dhabi, ORQO is in the process of developing a model for the future of capital markets that is open, compliant, and scalable. ORQO is in the process of developing a new model that is intended for institutional investors, such as family offices and protocol treasuries. This will be accomplished with the assistance of a team that have extensive knowledge in both institutional finance and digital assets.

Source: https://thenewscrypto.com/orqos-soil-expands-to-xrpl-unlocks-rlusd-yield-opportunities/