TLDR
- ORQO deploys Soil on XRPL, expanding beyond EVM networks
- RLUSD holders gain access to regulated asset-backed yield
- Initial $1 million pools fully subscribed within 72 hours
- MXI structured as Reserve-Class asset under RAK DAO framework
ORQO Group has deployed its tokenized yield platform Soil on the XRP Ledger. The move marks its first expansion beyond EVM-compatible networks. It also unlocks new utility for RLUSD holders within the XRPL ecosystem.
The protocol is described as the first regulated yield product built natively on XRPL for RLUSD. XRP Ledger was originally designed for payments and cross-border settlement. With this launch, it now supports asset-backed yield strategies for stablecoin holders.
The firm reported that its first asset pools totaled $1 million. These pools were fully subscribed within 72 hours of launch. Additional pools are expected in the coming weeks.
Nick Motz, CEO of ORQO Group and CIO of Soil, said the stablecoin market is moving toward large-scale adoption. He stated that the market requires infrastructure capable of delivering institutional-grade yield at scale.
Asset-backed strategies and multi-chain track record
Through Soil, returns are generated from low-volatility strategies. These include private credit, tokenized US Treasuries, and market-neutral hedge funds. The model is designed to provide risk-adjusted yield backed by real-world assets.
Before the XRPL deployment, Soil operated across Ethereum, Polygon, BNB Chain, and Arbitrum. ORQO stated that it has built a three-year track record across these networks. The expansion to XRPL broadens access to new users and institutions.
The deployment also increases the use cases of RLUSD. The stablecoin can now function as a yield-bearing instrument within the XRP Ledger ecosystem. Ripple has promoted XRPL as a compliance-ready and scalable blockchain with near-instant settlement and low transaction costs.
Industry forecasts estimate that the stablecoin market could approach $2 trillion by 2028. Growth is linked to regulatory clarity and wider adoption across financial markets.
MXI structured as Reserve-Class asset on XRPL
ORQO also announced that its native token, MXI, has been structured as a Reserve-Class asset on XRPL. Governance is stewarded by MXI Ledger Reserve. The organization operates within the RAK Digital Assets Oasis framework in the United Arab Emirates.
The governance model follows a quorum-based, multi-signature structure. It is designed to support long-duration oversight and protocol-level discipline. The framework aims to prevent unilateral control.
The Reserve-Class designation includes fixed supply enforced at the protocol level. It also includes irreversible issuer configuration that removes discretionary mint authority. Governance is administered through a legally established body in a recognized digital asset jurisdiction.
Institutional focus and wallet integration
MXI and XRPL integration will extend to the MXI Delta Wallet. The wallet is designed to support institutional-grade decentralized finance and self-custody architecture. It also aligns with ISO 20022 interoperability standards.
ORQO stated that the expansion supports compliance-focused digital asset infrastructure. By launching Soil on XRP Ledger, the firm connects regulated yield products with a payments-focused blockchain.
The development positions RLUSD for broader participation in tokenized real-world asset markets. As more pools are introduced, XRPL users will gain further access to asset-backed fixed yield products within a regulated framework.
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