Animoca-Backed NUVA Brings Figure’s $19 Billion in Tokenized Assets to Ethereum

Real-world asset tokenization aims to bring traditional yield products such as Treasuries and mortgages onto blockchains, enabling round-the-clock trading and their use as collateral. NUVA, jointly developed by Animoca Brands and Nuva Labs, connects Ethereum to Figure Technologies’ assets on Provenance. It brings products previously available mainly to institutions or accredited investors into DeFi, making it a significant example of traditional finance linking up with onchain liquidity.

NUVA formally launched on May 13, 2026, initially incorporating nearly $19 billion in assets from Figure Technologies. nvYLDS is linked to YLDS, an SEC-registered yield-bearing stablecoin with more than $500 million in supply, while nvPRIME corresponds to an $18.4 billion home equity line of credit portfolio yielding more than 7%. Users can deposit stablecoins to receive ERC-20 tokens that can be traded, lent or used as collateral.