Animoca Brands-Backed NUVA Launches Ethereum Marketplace for Tokenized Real-World Assets
Animoca Brands and Nuva Labs have launched NUVA, an Ethereum-based marketplace connecting approximately $19 billion in tokenized real-world assets (RWAs) from the Provenance blockchain ecosystem. The platform, led by former BNY executive Anthony Moro, aims to serve as a distribution layer allowing institutional-grade assets to flow into decentralized finance (DeFi) markets. NUVA debuts with two products: nvYLDS, a Treasury-linked yield vault tied to Figure's SEC-regulated stablecoin YLDS (over $500M supply), and nvPRIME, a token representing Figure's $18.4B home equity line of credit portfolio. Users deposit stablecoins into vaults and receive ERC-20 tokens that can be traded, lent, or used as collateral across Ethereum DeFi protocols. The launch reflects the growing trend of traditional finance and blockchain convergence, with tokenized RWAs projected to reach trillions of dollars in the coming decade. Moro emphasized NUVA's goal to eliminate Wall Street's access barriers, time lags, and high fees by offering self-directed, self-custodial access to blockchain-native assets, distinguishing it from existing tokenization models that rely on offchain infrastructure.
Key facts
- NUVA connects $19B in tokenized real-world assets from Provenance blockchain.
- Led by ex-BNY executive Anthony Moro; backed by Animoca Brands.
- Two initial products: Treasury vault nvYLDS and HELOC token nvPRIME.
- Users deposit stablecoins for ERC-20 tokens usable across Ethereum DeFi.
- Aims to eliminate Wall Street access barriers, time lags, and high fees.