Animoca launches $NUVA marketplace integrating real-world assets sector, featuring stablecoin securities and HELOCs on the Provenance blockchain.
Proud to announce that @animocabrands and @ProvLabs, with their existing pool of US$15.7 billion (and growing) in RWAs, are bringing institutional quality assets on-chain with NUVA allowing for more a more inclusive financial future through blockchain. https://t.co/WwADmoNxZh
🚨JUST IN: @ANIMOCABRANDS PARTNERS WITH @PROVLABS TO LAUNCH NUVA VAULT MARKETPLACE
Animoca Brands has entered a strategic partnership with Provenance Blockchain Labs to develop NUVA, a chain-agnostic vault marketplace that will connect issuers of real-world assets with institutional and retail investors. The platform will launch with access to an existing pool of about US$15.7 billion in tokenised assets, including products such as stable-coin-denominated securities and home-equity lines of credit recorded on Provenance’s blockchain. The companies said NUVA is designed to simplify due-diligence and compliance for asset issuers while widening distribution to investors who want on-chain exposure to traditional financial instruments. The move underscores growing interest in bringing regulated, yield-bearing assets onto public blockchains as tighter capital markets drive demand for alternative sources of liquidity. Separately, the Plasma Foundation announced a collaboration with decentralised-lending protocol Aave to create what it called the first institutional fund dedicated to on-chain finance. The two initiatives, unveiled on the same day, add momentum to an emerging effort by crypto firms to bridge traditional finance and decentralised infrastructures.