Animoca Brands and ProvLabs jointly launch RWA trading platform NUVA

According to Cointelegraph, Animoca Brands and Provence Blockchain developer ProvLabs have jointly launched the RWA trading platform NUVA. The NUVA market will leverage the existing RWA ecosystem of Provence blockchain, which currently holds assets worth approximately $15.7 billion. The first two tokenized products of Figure Technologies to be launched are the US interest bearing stablecoin security YLDS and the fixed rate home equity credit pool HELOC. NUVA adopts; Treasury” Simplify the investor participation process by holding 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. Animoca co-founder 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.