#FigureTechnologies

NUVA Brings $19B of Tokenized Real-World Assets to Ethereum

Animoca Brands and Nuva Labs have launched the NUVA marketplace on Ethereum to bridge approximately $19 billion in tokenized real-world assets from the Provenance blockchain into decentralized finance. This platform enables users to trade, lend, or utilize institutional-grade assets as collateral by converting them into ERC-20 tokens. The initial product lineup includes nvYLDS, linked to Figure Technologies' $500 million YLDS stablecoin, and nvPRIME, backed by an $18.4 billion portfolio of home equity lines of credit. By facilitating this cross-chain integration, NUVA aims to provide retail participants with access to financial instruments previously restricted to institutional investors. CEO Anthony Moro emphasizes that these assets are digitally native rather than mere digital twins, eliminating the need for traditional off-chain record-keeping. This development represents a significant step toward creating a unified global distribution layer for blockchain-native assets. As the RWA sector continues to grow, such infrastructure is critical for reducing the time lags and high fees associated with traditional financial systems.

coinmarketcap.com·3h ago