Animoca Brands and ProvLabs launch RWA trading platform NUVA

According to news from Hash World Chain, Animoca Brands has jointly launched the RWA trading platform NUVA with Provenance Blockchain developer ProvLabs, according to the latest reports. This market will utilize the existing RWA ecosystem of the Provenance blockchain, which currently holds assets valued at approximately $15.7 billion. The first tokenized products to be launched include Figure Technologies' U.S. yield-bearing stablecoin security YLDS and fixed-rate home equity credit pool HELOC. NUVA adopts a 'vault' structure to simplify the investor participation process, allowing holders of nuYLDS or nuHELOC tokens to receive corresponding underlying asset returns. The CEO of ProvLabs stated that this model can provide on-chain trading possibilities for traditional illiquid assets. The co-founder of Animoca pointed out that the current RWA market is constrained by cross-chain fragmentation, and NUVA aims to enhance the accessibility of institutional-level assets through a unified multi-chain ecosystem.