PANews, August 8 - According to Cointelegraph, Animoca Brands has jointly launched the RWA trading platform NUVA with Provenance Blockchain developer ProvLabs. The NUVA market will utilize the existing RWA ecosystem of the Provenance blockchain, which currently holds assets worth approximately $15.7 billion. The first two tokenized products to go live are Figure Technologies’ U.S. interest-bearing stablecoin security YLDS and fixed-rate home equity line of credit HELOC.
NUVA adopts a 'vault' structure to simplify the participation process for investors, allowing holders of nuYLDS or nuHELOC tokens to earn returns from the corresponding underlying assets. The CEO of ProvLabs stated that this model can enable 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.