The Animoca-backed NUVA launched a market connecting Figure Technologies’ $19 billion in tokenized assets to Ethereum DeFi markets.
You can read more about it here:
- NUVA launches with an 18B dollar home equity portfolio and a Treasury linked yield vault.
- Stablecoins can be deposited into vaults, and users receive ERC-20 tokens they can trade or use for collateral.
- Anthony Moro, CEO of the company, says that this platform will fill a global gap for distribution of institutional grade blockchain assets.
NUVA is live now on Ethereum. Developed by Animoca Brands, Nuva Labs has given retail and institution users the ability to access real-world assets that were previously only available on Provenance Blockchain.
Platform launched With two flagship vaults, one tied to Figure’s SEC registered YLDS stablecoin yield and the other to a pooled home equity line of credit that has been funded with more than $16 billion to date.
Figure Technologies was founded by Mike Cagney (former CEO of SoFi). It is the world’s largest provider of private credit products that are blockchain-native. Cagney said: “We’re excited NUVA has decided to launch using Figure’s HELOCs and $YLDS as initial assets. It is good to see the platform leverage the unique capabilities of the Provenance Blockchain and contribute to continued expansion in DeFi.”
DeFi and NUVA: What’s the difference?
Stablecoins can be deposited in NUVA vaults to receive ERC-20 assets that represent the ownership rights of the assets. The tokens may then be traded or lent across Ethereum protocols. They can also be posted as collateral.
Anthony Moro (CEO of NuvaLabs, a former BNY executive) described the main problem that the platform solves. “Nobody really has that unified global distribution layer for blockchain-native assets,” Moro said. “We thought what was missing was a platform where users could access institutional-grade assets in a simple, composable format.”
RWA Market: A broader context
NUVA launches as the tokenization of real world assets continues to grow. By March 2026 the total tokenized RWAs will have risen to $12 billion, which is more than double what it was at the beginning of 2025. according to RWA.xyz data. Ethereum is currently hosting over 60% of this value, by chain.
Animoca is a type of animated film. targeting a Nasdaq listing NUVA is positioning itself to be the RWA’s commercial distributor through an acquisition of Currenc Group.
Moro’s future plans include adding new asset classes and blockchains to Figure, as well as expanding the product line. “Cheaper, faster and safer will win,” “He said” “That’s how all financial assets eventually come onchain.”
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Source: crypto.news
