Animoca Brands, a prominent Web3 investment firm with roots in blockchain gaming and NFTs, is co-developing a real-world asset (RWA) vault marketplace in partnership with Provenance Blockchain Labs, the development team behind the Provenance blockchain, a Layer 1 network.
The new platform, dubbed NUVA, will serve as an on-chain marketplace for RWAs and is slated to launch in Q4, per a press release shared with The Defiant. The marketplace will feature its flagship stablecoin for vaults called nuYLDS, backed by YLDS, a SEC-registered yield-bearing stablecoin security.
As Animoca explained, NUVA will work as a “unified, chain-agnostic vault marketplace,” providing traditional investors with access to a curated selection of tokenized assets offering varying yield strategies and risk profiles.
A litepaper reviewed by The Defiant details that nuYLDS will be an accrual token available globally across multiple blockchains, including Solana and Ethereum, as well as on decentralized exchanges. The stablecoin is expected to offer a 4% annual percentage yield with continuous compounding.
$20 Trillion Opportunity
The NUVA marketplace will also feature a private credit asset vault called nuHELOC, which offers a native yield of approximately 9%. This vault will consist of home equity line of credit (HELOC) loans issued by Figure Lending, the largest non-bank HELOC originator in the U.S. All loans in the vault will be recorded on the Provenance blockchain, providing proof of reserves.
Additionally, the marketplace plans to issue a governance token. In a commentary for The Defiant, Anthony Moro, CEO of Provenance Blockchain Labs, said that the NUVA token “will have a variety of features, including staking, influence over protocol emissions, and other governance rights.”
“All of the NUVA vault tokens, as well as $NUVA itself, will be available on major chains like Ethereum, Solana, and Base,” Moro added. Looking ahead to 2026, NUVA plans to introduce a suite of vaults featuring additional yield strategies, risk profiles, and liquidity models, though details weren’t disclosed.
Animoca Brands and Provenance Blockchain Labs predict that the market for tokenized RWAs could grow to $20 trillion by 2030, adding that 2025 “will be seen as a major turning point for the industry.”
As of press time, the total market value of tokenized RWAs stands at $24.91 billion, with BlackRock’s USD Institutional Digital Liquidity Fund (BUIDL) being the largest at $2.3 billion, according to data from RWA.xyz.