Collaboration Between Animoca Brands and ProvLabs for Developing the Real World Asset Marketplace, Known as NUVA
In an exciting development, Animoca Brands and ProvLabs have partnered to co-develop NUVA, a unified vault marketplace for tokenized real-world assets. The platform, scheduled for launch in Q4 2025, aims to connect RWA issuers with a broader base of investors, from retail to institutions.
At its core, NUVA will introduce a native token, $NUVA, for governance, staking rewards, and other utilities. Initially, NUVA will feature vaults backed by two of Figure Technologies' flagship digital assets: nuYLDS and nuHELOCs.
nuYLDS is a vault tied to YLDS, the first U.S. SEC-registered yielding stablecoin security. On the other hand, nuHELOCs is a vault backed by a pool of high-quality home equity loans. The marketplace will be built on the Provenance Blockchain, which currently holds over US$15.7 billion in RWA total value locked (TVL).
Yat Siu, co-founder and executive chairman of Animoca Brands, has announced a strategic initiative to make institutional-quality assets more accessible across a unified, multi-chain ecosystem. This initiative is a testament to Animoca Brands' commitment to bridging the gap between traditional finance and the digital asset space.
In addition to NUVA, Animoca Brands has been actively involved in various projects. They have launched the Moca Chain, a new blockchain focused on decentralized identity and user verification. They have also partnered with DDC Enterprise for a $100 million Bitcoin partnership to advance corporate Bitcoin treasury management.
Moreover, Animoca Brands is encouraging viewers to join the Blockhead community on Telegram. The latest episode of Blockcast featuring Yat Siu will be dropping in a few weeks. The show, hosted by Blockcast, offers insights into the world of blockchain and digital assets.
Animoca Brands is also involved in an HKD-backed stablecoin project with Standard Chartered and Hong Kong Telecom, currently in Hong Kong's stablecoin issuer sandbox vying for a license from the HK regulator.
Lastly, Animoca Brands has initiated a public buyback of TOWER tokens, the native token of the TOWER Ecosystem, a gaming platform. This move demonstrates Animoca Brands' commitment to supporting its ecosystem and creating value for its token holders.
As we look forward to the launch of NUVA, it's clear that Animoca Brands is at the forefront of the digital asset revolution, driving innovation and fostering partnerships that will shape the future of finance.
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