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Animoca-backed NUVA has launched a marketplace that connects $19 billion of tokenized assets from Figure Technologies to Ethereum’s DeFi markets.
NUVA, developed by Animoca Brands and Nuva Labs, is now live on Ethereum, providing both retail and institutional users access to real-world asset products that previously operated on the Provenance Blockchain.
The platform began with two flagship vaults: one linked to Figure’s SEC-registered YLDS yield stablecoin, and another tied to a pool of home equity lines of credit (HELOCs) with more than $16 billion funded to date.
Under NUVA’s model, users deposit stablecoins into vaults and receive ERC-20 tokens that represent exposure to the underlying assets. Those tokens can then be traded, lent, or used as collateral across Ethereum-based protocols, effectively turning institutional credit products into composable DeFi instruments.
NUVA CEO Anthony Moro said the platform addresses a distribution gap for blockchain-native assets. “Nobody really has that unified global distribution layer for blockchain-native assets,” Moro said. “We thought what was missing was a platform where users could access institutional-grade assets in a simple, composable format.”
Figure Technologies, founded by former SoFi CEO Mike Cagney, is described as one of the largest issuers of blockchain-native private credit products. Cagney said NUVA’s launch using Figure’s HELOCs and $YLDS as initial assets supports broader DeFi expansion.
“We’re excited NUVA has decided to launch using Figure’s HELOCs and $YLDS as initial assets. It is good to see the platform leverage the unique capabilities of the Provenance Blockchain and contribute to continued expansion in DeFi.”
The NUVA launch comes as tokenized real-world asset activity continues to grow. Total tokenized RWAs onchain surpassed $12 billion by March 2026, more than doubling from $5 billion at the start of 2025, according to RWA.xyz data. Ethereum currently hosts over 60% of that value by chain.
Animoca, which is targeting a Nasdaq listing through a reverse acquisition of Currenc Group, is positioning NUVA as a commercial distribution layer for that RWA activity.
Moro said NUVA plans to expand to other blockchains and add asset classes beyond Figure’s current product set. “Cheaper, faster and safer will win,” he said. “That’s how all financial assets eventually come onchain.”
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