RWA news: Animoca-backed NUVA brings Figures $19 billion of tokenized assets to Ethereum
As Wall Street firms race to bring stocks, bonds and credit products onto blockchain rails, a new Ethereum-based marketplace backed by Animoca Brands is aiming to turn tokenized assets into something crypto investors can use across decentralized finance (DeFi). NUVA, developed by Animoca and Nuva Labs, is connecting around $19 billion worth of tokenized real-world assets originating on the Provenance blockchain ecosystem, including private credit and Treasury-linked products tied to Figure Technologies Solutions (FIGR), the blockchain firm founded by former SoFi CEO Mike Cagney. Tokenized real-world assets have become one of cryptos fastest-growing sectors. Asset managers and fintech firms view blockchain rails as a way to modernize how financial products are issued, traded and used as collateral. The broader market for tokenized assets could reach trillions of dollars over the next decade, according to multiple industry forecasts. NUVA was designed as a distribution layer for tokenized assets, allowing them to move beyond closed financial networks and into DeFi markets, giving average retail users access to assets often limited to institutional investors. It debuts with two flagship products: a Treasury-linked yield vault called nvYLDS, tied to Figure‘s SEC-regulated stablecoin YLDS with more than $500 million supply, and nvPRIME, a token tied to Figure’s $18.4 billion








