Collaboration Announced: Animoca Brands and ProvLabs to Develop NUVA's Real World Assets Marketplace Together

Animoca Brands and Provenance Blockchain Labs Unveil NUVA Ecosystem

Animoca Brands, a leading web3 company, and Provenance Blockchain Labs (ProvLabs) have announced a partnership to co-develop NUVA, a unified, chain-agnostic vault marketplace for tokenized real-world assets (RWA).

The NUVA ecosystem is set to introduce a native token, $NUVA, for governance, staking rewards, and other utilities. The launch of NUVA is scheduled for Q4 2025.

Yat Siu, co-founder and executive chairman of Animoca Brands, has expressed a goal to make institutional-quality assets more accessible across a unified, multi-chain ecosystem. In line with this vision, NUVA will offer a curated set of vaults from leading asset issuers.

The marketplace will be built on the Provenance Blockchain, which currently holds over US$15.7 billion in RWA total value locked (TVL). ProvLabs will handle product and infrastructure development, while Animoca Brands will lead go-to-market strategies, tokenomics, and listings.

In addition to the native $NUVA token, the initial offerings on NUVA will include nuYLDS, a vault tied to YLDS, the first U.S. SEC-registered yielding stablecoin security. The initial offerings will also include nuHELOCs, a vault backed by a pool of high-quality home equity loans.

Animoca Brands is currently involved in a HKD-backed stablecoin project with Standard Chartered and Hong Kong Telecom, awaiting a license from the HK regulator. The company has also entered into a $100 million Bitcoin partnership with DDC Enterprise for corporate Bitcoin treasury management.

Yat Siu recently recorded an episode of Blockcast at the Blockhead office. The latest episode featuring Yat Siu will be releasing in a few weeks. Animoca Brands encourages people to join the Blockhead community on Telegram.

No relevant information was found about the institutions involved in the development of NUVA or the initial digital assets offered by NUVA. However, Animoca Brands is projected to be involved in a $30 trillion market of tokenized real-world assets by 2030.

The NUVA ecosystem aims to provide a seamless and secure platform for investors to access a diverse range of institutional-quality assets, contributing to the growing decentralized finance (DeFi) landscape. Stay tuned for more updates on NUVA's development and launch.

Collaboration Announced: Animoca Brands and ProvLabs to Develop NUVA's Real World Assets Marketplace Together