NUVA, the institutional-grade RWA marketplace co-created by Animoca Brands and Nuva Labs, announced it has launched on the Ethereum Mainnet. NUVA is a new non-custodial platform that unlocks access to institutional-grade real-world assets (RWAs) leveraging ERC-20 standards, enabling composability and deployment across DeFi. Access the NUVA marketplace today at NUVA.finance.
NUVA was co-created by Animoca Brands, a global AI and digital assets leader, and Nuva Labs, a RWA infrastructure pioneer. NUVA provides an institutional distribution layer bridging DeFi and TradFi, bringing the more than US$23 billion RWA total value locked (TVL) of the Provenance Blockchain to multiple other blockchain ecosystems. NUVA’s launch on the Ethereum Mainnet today advances its vision to become the universal multichain distribution layer for RWAs.
Coinciding with the launch, NUVA has entered into a strategic partnership with Hastra, a protocol backed by Figure Technologies Solutions (“Figure,” Nasdaq: FIGR). Under this agreement, NUVA becomes a primary distribution partner of Hastra’s PRIME on the Ethereum blockchain.
NUVA’s initial flagship assets include:
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nvYLDS: a vault containing YLDS, a U.S. SEC-registered instrument backed by short-dated treasuries and bank deposits.
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nvPRIME: a vault backed by native PRIME tokens that provides exposure to Figure’s US$17.4 billion pool of natively on-chain prime home equity line of credit (HELOCs). Holders of static PRIME tokens can obtain nvPRIME at app.nuva.finance to unlock instant composability across the Ethereum DeFi ecosystem.
All vault participants receive NUVA Points, aligning the incentives of early adopters with the long-term growth of the marketplace. The products described may not be available in all jurisdictions.
Yat Siu, the co-founder and executive chairman of Animoca Brands, said: “The launch of NUVA and its partnership with Figure are vital steps toward making global finance more efficient, transparent, and accessible. The on-chain financial system already provides the infrastructure for openness, and now NUVA will help broaden the spectrum of capital available within the decentralized economy.”
“NUVA’s focus on liquid, composable tokens backed by real-world assets is exactly what the industry needs to bridge TradFi and DeFi at scale,” said Mike Cagney, NUVA Labs board member. “I’m excited to see NUVA leverage the proven infrastructure of Provenance Blockchain to bring these assets to a global audience.”
“nvYLDS and nvPRIME are the differentiated real-world assets the DeFi community has been waiting for,” said Anthony Moro, chief executive officer of Nuva Labs. “As the NUVA platform expands, look for a wide range of assets to be available to everyone in an easy to use, self-directed and self custodial manner, eliminating Wall Street’s limited access, time lag and high fees.”
Additional blockchain integrations and asset classes are scheduled for release in the coming weeks. NUVA updates will be posted on NUVA.Finance, X, LinkedIn, Telegram, and Discord.