Animoca Brands Corporation Ltd and Provenance Blockchain Labs (ProvLabs) have revealed a new strategic partnership to co-develop NUVA, an on-chain vault marketplace designed to connect real-world asset (RWA) issuers with a broad range of investors. The collaboration aims to create a unified vault marketplace to connect issuers with investors using Provenance Blockchain, which holds over US$15.7 billion in real-world asset value.
NUVA will be a chain-agnostic marketplace featuring a curated selection of vaults from leading asset issuers, offering diverse yield strategies and varying risk profiles. This will provide retail investors, institutions, Web3 foundations, and treasuries with permissionless access to a wide range of investment products. NUVA will also serve as a global distribution channel for asset issuers to bring their assets on-chain.
Built on Provenance Blockchain, a platform designed specifically for financial services, NUVA will launch with two vaults: nuYLDS and nuHELOCs. These vaults will be backed by Figure Technologies' leading digitally native RWA assets: YLDS, the first SEC-registered yielding stablecoin, and HELOCs, a pool of high-quality home equity loans issued by Figure Lending LLC, the largest non-bank HELOC lender in the US.
“Tokenised RWAs, valued at up to $30 trillion by 2030, are currently fragmented across multiple chains and marketplaces, limiting their reach. NUVA aims to bring institutional-quality assets to a unified, multi-chain ecosystem, marking a significant step toward a user-owned financial network and a more inclusive, on-chain financial system,” Yat Siu, co-founder and executive chairman of Animoca Brands, said.
Launching Q4 2025
Scheduled for launch in Q4 2025, NUVA will issue a governance token for staking rewards and other utilities, aligning the interests of all participants within the ecosystem. Provenance Blockchain Labs will lead product and infrastructure development, while Animoca Brands will leverage its Web3 ecosystem to drive go-to-market efforts, tokenomics, and listings.
“This partnership represents a breakthrough for the RWA industry. Animoca Brands brings its Web3 community expertise, while Provenance Blockchain houses the world’s largest pool of ledgered RWAs. This partnership will drive the next generation of financial innovation to unprecedented heights,” Anthony Moro, CEO of ProvLabs, said.
Mike Cagney, executive chairman of Figure Technologies, added: “We’re thrilled that NUVA will use Figure’s HELOCs and YLDS as its launch assets. The platform’s use of Provenance Blockchain’s unique capabilities further strengthens DeFi’s expansion.”