Animoca Brands, a leading Web3 investment firm specializing in blockchain gaming and NFTs, has announced a collaboration with Provenance Blockchain Labs to co-develop a real-world asset (RWA) vault marketplace. This innovative platform, named NUVA, is set to launch in Q4 and will operate as an on-chain marketplace for RWAs.
NUVA will feature a flagship stablecoin called nuYLDS, which is backed by YLDS, a SEC-registered yield-bearing stablecoin security. The marketplace aims to cater to traditional investors by offering a curated selection of tokenized assets with varying yield strategies and risk profiles.
According to a litepaper reviewed by The Defiant, nuYLDS will be an accrual token available across multiple blockchains, including Solana and Ethereum. The stablecoin is expected to provide a 4% annual percentage yield with continuous compounding.
One of the key offerings on the NUVA marketplace is the nuHELOC vault, which will offer a native yield of around 9%. This vault will comprise home equity line of credit (HELOC) loans issued by Figure Lending, a prominent non-bank HELOC originator in the U.S. All loans within the vault will be recorded on the Provenance blockchain to ensure proof of reserves.
In addition, NUVA plans to introduce a governance token with various features such as staking, influence over protocol emissions, and other governance rights. The platform aims to make NUVA tokens and vault tokens available on major chains like Ethereum, Solana, and Base.
Looking ahead to 2026, NUVA envisions expanding its suite of vaults to include additional yield strategies, risk profiles, and liquidity models. While specific details were not disclosed, the collaboration between Animoca Brands and Provenance Blockchain Labs is optimistic about the potential growth of the tokenized RWA market, projecting it to reach $20 trillion by 2030.
Currently, the total market value of tokenized RWAs stands at $24.91 billion, with BlackRock’s USD Institutional Digital Liquidity Fund (BUIDL) being the largest at $2.3 billion, according to data from RWA.xyz.
With NUVA poised to revolutionize the RWA marketplace and offer innovative investment opportunities, the partnership between Animoca Brands and Provenance Blockchain Labs is positioned to drive significant growth and innovation in the evolving landscape of blockchain technology.