Launched on the Ethereum Mainnet, NUVA Finance is a recent collaboration of Animoca Brands and Nuva Labs, providing a non-custodial marketplace for secure and accessible real-world assets (RWA) for decentralized finance (DeFi). NUVA is building on ERC-20 standards to create composable, deployable platforms that allow for DeFi expansion and interoperability, including the introduction of two flagship vaults to support over $23 million in total locked value (TLV) on the Provenance Blockchain.
What makes NUVA’s model different
There are multiple distinctions of the NUVA Marketplace:
- RWAs at institutional grade: Curated assets backed by Figure Technologies, a Nasdaq-listed fintech with around $19 billion in tokenized assets under management (AUM)
- Composability: Supported on ERC-20 tokens that can be deployed across the entire Ethereum DeFi ecosystem
- No lockups or minimums: In contrast to traditional private credit funds, NUVA offers immediate liquidity; this means transactions can be originated from anywhere on the network with no delay.
- Self-custodial: Every user retains control of their assets through non-custodial vaults
- Points program: Early adopters earn NUVA Points in line with platform growth
Yat Siu, Co-Founder and Executive Chairman of Animoca Brands, commented, “The launch of NUVA and its partnership with Figure are vital steps toward making global finance more efficient, transparent, and accessible. The onchain financial system already provides the infrastructure for openness, and now NUVA will help broaden the spectrum of capital available within the decentralized economy.”
How NUVA Finance works
NUVA’s initial flagship assets include:
- nvPRIME: This is a vault backed by native PRIME tokens that provides exposure to Figure’s $17.4 billion pool of natively onchain prime Home Equity Lines of Credit (HELOCs), targeting 8.0 percent Annual Percentage Yield (APY) with hourly compounding. Moreover, hodlers of static PRIME tokens can obtain nvPRIME to unlock instant composability across Ethereum DeFi.
- nvYLDS: This refers to a vault containing YLDS, a U.S. Securities and Exchange Commission (SEC)-registered certificate backed by short-dated treasuries and bank deposits, providing stable, regulated yield from traditional money market instruments.
Importantly, and coinciding with the launch, NUVA has entered into a strategic partnership with Hastra, a protocol backed by Figure, becoming a primary distribution partner of Hastra’s PRIME on Ethereum. This integration pushes Figure’s tremendous private credit pool (the largest in tokenized finance) directly to DeFi users/investors.
How NUVA adds value to the tokenized assets market
So far, the tokenized RWA market has grown to approximately $32.2 billion, but most products remain siloed or lack composability, and here enters NUVA’s approach to bridge this gap. It takes Figure’s institutional-grade assets (already proven on the Provenance Blockchain) and wraps them in ERC-20 tokens that can be widely used across lending protocols, decentralized exchanges (DEXs), and other DeFi primitives.
For this instance, this is the first time that retail and institutional users will have access to prime HELOC exposure (the borrowing power based on the equity in a home) without being subject to lock-up periods or minimums, while also earning real-time compounding yields.