NUVA Goes Live On Ethereum To Scale Institutional RWA Tokenisation Across DeFi
In Brief
NUVA launches on Ethereum, expanding institutional RWA access via tokenised vaults, Figure-backed assets, and DeFi composability, aiming to bridge traditional finance and decentralised markets.
NUVA, an institutional-grade real-world asset marketplace co-created by Animoca Brands and Nuva Labs, has been launched on the Ethereum Mainnet, marking its entry as a non-custodial platform designed to expand access to institutional RWAs. The platform is built around ERC-20 standards, allowing real-world assets to be made composable and deployable across decentralised finance applications, with access available through NUVA.finance.
The initiative was jointly developed by Animoca Brands, a global player in AI and digital assets, and Nuva Labs, which focuses on real-world asset infrastructure. NUVA is positioned as an institutional distribution layer intended to connect decentralised and traditional finance, with the aim of extending the more than $23 billion in total value locked (TVL) associated with the Provenance Blockchain across multiple blockchain ecosystems. Its deployment on Ethereum is presented as a step toward establishing a multichain distribution framework for tokenised real-world assets.
NUVA Expands Ethereum Strategy With Figure-Backed Partnership And Launch Of Tokenised RWA Vault Products
Alongside the mainnet launch, NUVA has also established a strategic partnership with Hastra, a protocol supported by Figure Technologies Solutions. As part of this arrangement, NUVA will act as a primary distribution channel for Hastra’s PRIME product on the Ethereum network.
The initial products introduced through the NUVA platform include nvYLDS and nvPRIME. nvYLDS is structured as a vault holding YLDS, a U.S. SEC-registered instrument backed by short-term Treasury securities and bank deposits. nvPRIME is designed as a vault backed by native PRIME tokens, offering exposure to Figure’s reported $17.4 billion pool of on-chain prime home equity line of credit (HELOC) assets. Holders of standard PRIME tokens can convert into nvPRIME through app.nuva.finance, enabling access to composability within Ethereum-based DeFi ecosystems.
Participants in the vault system are also eligible to receive NUVA Points, which are intended to align early user incentives with the longer-term development of the marketplace. The platform notes that product availability may vary depending on jurisdictional restrictions.
Commenting on the launch, Yat Siu, co-founder and executive chairman of Animoca Brands, stated: “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.”
Mike Cagney, a board member at Nuva Labs, said: “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,” adding expectations that Provenance Blockchain infrastructure would support wider distribution of these assets globally.
Anthony Moro, chief executive officer of Nuva Labs, also commented that nvYLDS and nvPRIME represent differentiated real-world assets for decentralised finance users, and indicated that the platform aims to expand access to additional assets in a self-directed, non-custodial format intended to reduce reliance on traditional financial intermediaries and associated costs.
Disclaimer
In line with the Trust Project guidelines, please note that the information provided on this page is not intended to be and should not be interpreted as legal, tax, investment, financial, or any other form of advice. It is important to only invest what you can afford to lose and to seek independent financial advice if you have any doubts. For further information, we suggest referring to the terms and conditions as well as the help and support pages provided by the issuer or advertiser. MetaversePost is committed to accurate, unbiased reporting, but market conditions are subject to change without notice.
About The Author
Alisa, a dedicated journalist at the MPost, specializes in crypto, AI, investments, and the expansive realm of Web3. With a keen eye for emerging trends and technologies, she delivers comprehensive coverage to inform and engage readers in the ever-evolving landscape of digital finance.
More articles
Alisa, a dedicated journalist at the MPost, specializes in crypto, AI, investments, and the expansive realm of Web3. With a keen eye for emerging trends and technologies, she delivers comprehensive coverage to inform and engage readers in the ever-evolving landscape of digital finance.
