Animoca-backed NUVA connects Figure’s $19 billion of tokenized assets to Ethereum The protocol, led by veteran BNY executive Anthony Moro, aims to connect real-world assets with DeFi markets, starting with home equity lines of credit and Treasuries.
What to know: – NUVA, a new Ethereum-based marketplace from Animoca Brands and Nuva Labs, is linking $19 billion of tokenized real-world assets tied to Figure to decentralized finance. – The platform debuts with two flagship products, a Treasury-linked yield vault and a token tied to Figure Technologies’ $18 billion home equity line of credit portfolio. – NUVA aims to create a global distribution layer for institutional-grade products that retail users can trade, lend or use as collateral across DeFi, CEO Anthony Moro said
As Wall Street firms race to bring stocks, bonds and credit products onto blockchain rails, a new Ethereum-based marketplace backed by Animoca Brands is aiming to turn tokenized assets into something crypto investors can use across decentralized finance (DeFi). NUVA, developed by Animoca and Nuva Labs, is connecting around $19 billion worth of tokenized real-world assets originating on the Provenance blockchain ecosystem, including private credit and Treasury-linked products tied to Figure Technologies Solutions (FIGR), the blockchain firm founded by former SoFi CEO Mike Cagney. Mike Cagney’s second act: Turning blockchain into Wall Street’s new plumbing Tokenized real-world assets have become one of crypto’s fastest-growing sectors.
Asset managers and fintech firms view blockchain rails as a way to modernize how financial products are issued, traded and used as collateral. The broader market for tokenized assets could reach trillions of dollars over the next decade, according to multiple industry forecasts. NUVA was designed as a distribution layer for tokenized assets, allowing them to move beyond closed financial networks and into DeFi markets, giving average retail users access to assets often…