Animoca Launches NUVA to Tokenize $15.7 Billion RWAs on Provenance Blockchain

Animoca Brands has launched NUVA, a new marketplace designed to provide institutional investors with access to tokenized real-world assets (RWAs) in a fragmented market. The platform is built on the Provenance Blockchain, aiming to unify the tokenization ecosystem and improve liquidity for traditionally illiquid assets. At its launch, NUVA offers exposure to two products from Figure Technologies: YLDS, a yield-bearing stablecoin security approved in the U.S., and HELOC, a pool of fixed-rate home equity lines of credit. These assets are made available through a vault-based structure that simplifies access for investors [1].

NUVA aims to bring greater liquidity and efficiency to tokenized RWAs by enabling investors to trade and transfer assets across chains and decentralized finance (DeFi) exchanges. The platform’s structure is intended to make institutional-grade assets more accessible, particularly for investors who may have limited access to traditional financial markets. According to ProvLabs CEO Anthony Moro, the vault tokens represent liquid claims to real-world assets stored in each vault, offering investors exposure to high-quality financial instruments such as YLDS and HELOCs [1].

Animoca Brands co-founder and executive chairman Yat Siu stated that NUVA is positioned to address a growing but fragmented RWA market. The platform seeks to overcome limitations in reach and impact by providing a unified, multichain ecosystem for institutional-quality assets. With the Provenance Blockchain already hosting assets valued at approximately $15.7 billion, NUVA aims to further expand the tokenization landscape by making these assets more accessible [1].

The RWA market has seen significant growth, surging by 380% since 2022. Tokenized stocks have also gained traction, with a total market capitalization of $370 million by the end of July 2024, reflecting a 220% increase in just one month [1]. As regulatory clarity around tokenization improves, particularly in the U.S., the market is expected to continue its expansion. Industry experts, including JPMorgan strategist Tereso Ho and EY’s global blockchain leader Paul Brody, have highlighted the potential of tokenized money market funds and deposits to provide new opportunities in digital finance [1].

By leveraging the Provenance Blockchain, NUVA not only enhances accessibility but also reinforces the legitimacy and efficiency of tokenized assets. The platform represents a step forward in the evolution of financial markets, where RWAs can be more easily integrated into digital ecosystems, offering investors new opportunities for diversification and liquidity.

Source: [1] NUVA Marketplace Leverages Provenance Blockchain to Enhance Access to Tokenized Real-World Assets for Institutional Investors (https://en.coinotag.com/nuva-marketplace-leverages-provenance-blockchain-to-enhance-access-to-tokenized-real-world-assets-for-institutional-investors/)