Key Highlights

  • Animoca Brands-backed NUVA launched on Ethereum with access to nearly $19 billion in tokenized real-world assets from Figure Technologies.

  • Users deposit stablecoins into NUVA vaults and receive ERC-20 tokens representing ownership in underlying assets, which can then be traded, lent, or used as collateral across Ethereum DeFi protocols.

  • Former BNY Mellon executive and NUVA CEO Anthony Moro says the platform is designed to become a global distribution layer for institutional-grade products, with more than 50% of the platform eventually owned by users through a future token.

A new tokenization platform called NUVA has launched on Ethereum with one of the largest real-world asset deployments to date. Backed by Animoca Brands and co-incubated with Nuva Labs, the platform connects nearly $19 billion in tokenized assets from Figure Technologies directly to decentralized finance protocols, opening institutional-grade products to a global retail audience.

NUVA launches with two flagship products. The first, nvYLDS, is a Treasury-linked yield vault tied to Figure's SEC-regulated stablecoin YLDS, which already has more than $500 million in circulation. The second, nvPRIME, is a token backed by Figure's $18.4 billion portfolio of home equity lines of credit, offering on-chain exposure to a traditionally illiquid and high-yielding asset class.

The mechanics are straightforward: users deposit stablecoins and receive ERC-20 tokens representing their share in the underlying assets. Those tokens can then be traded or used as collateral across any compatible Ethereum DeFi protocol, bringing regulated yield products within reach of retail participants without requiring a traditional brokerage account.

Anthony Moro, a former BNY Mellon executive now heading Nuva Labs, said the company believes every financial asset in the world will be tokenized within the next decade. The platform also plans to launch a governance token that will ultimately hand more than 50% of platform ownership to its user community, aligning long-term incentives between the protocol and the people who use it.