Overview
- NUVA, built by Animoca Brands and Nuva Labs, went live on Ethereum to link about $19 billion of tokenized assets from Figure’s Provenance network to DeFi users.
- The debut includes nvYLDS, a vault tied to Figure’s SEC‑regulated YLDS stablecoin with more than $500 million outstanding, and nvPRIME, a token linked to an $18.4 billion pool of home‑equity credit that pays high single‑digit yield.
- Users deposit stablecoins into NUVA vaults to mint ERC‑20 tokens that represent the assets and can be traded, borrowed against, or used as collateral in Ethereum apps.
- CEO Anthony Moro, a former BNY executive, says the goal is a simple distribution layer that opens blockchain‑native, institutional‑grade products to everyday investors.
- NUVA plans to add more issuers and expand to other blockchains as tokenized real‑world assets grow, with onchain totals surpassing $12 billion by March 2026 and most value on Ethereum.