ORQO Group, an institutional asset manager and blockchain technology platform, has announced the launch of its fintech arm Soil to the market $XRP General ledger. Soil offers stablecoin holders access to tokenized real-world assets and predictable returns. With the extension, the protocol now supports $RLUSD on XRPL.
According to the company, users filled asset pools of $1 million within 72 hours of launch. More pools are expected in the coming weeks. Soil is positioning itself as the first compliant RWA-supported yield protocol on XRPL offerings $RLUSD holders of institutional returns, backed by traditional financial instruments.
Soil previously operated over Ethereum Virtual Machine networks including Ethereum, Polygon, BNB Chain and Arbitrum. The move to XRPL expands the use case of $RLUSD that go beyond payments, allowing holders to allocate funds to on-chain Yield Vaults.
Returns are generated through private credit, tokenized US Treasuries and market-neutral hedging strategies. XRPL was selected for its compliance-focused infrastructure, fast settlement and low transaction fees, which support large-scale financial transactions.
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