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Animoca Brands and Provenance Labs Launch Cross-Chain NUVA Vault Market

The press release details NUVA, a new RWA trading platform on the Provenance blockchain that employs a treasury structure and lists tokenized US stablecoin YLDS and HELOC to simplify institutional access to illiquid assets.

Summary

In an official announcement, Animoca Brands and ProvLabs launched NUVA, a RWA trading platform built on the Provenance blockchain's $15.7 billion RWA ecosystem. Using a treasury structure, NUVA offers tokenized products—nuYLDS and nuHELOC from Figure Technologies—to streamline investor participation and address cross-chain fragmentation.

Terms & Concepts
  • RWA trading platform: A digital platform that facilitates the trading of tokenized real-world assets, bridging traditional finance with blockchain technology.
  • treasury structure: An investment mechanism where holding specific tokens like nuYLDS or nuHELOC earns returns from the underlying assets, simplifying investor participation.
  • nuHELOC: A token representing a fixed-rate home equity line of credit product from Figure Technologies.