NUVA Launches Marketplace for Tokenized Real-World Assets

NUVA launched this week as a chain-agnostic marketplace for tokenized financial assets. The platform began operations with nearly $19 billion in tokenized home equity lines of credit and Treasuries from Figure Technologies, according to CEO Anthony Moro. NUVA is designed to connect issuers and investors seeking yield-bearing tokenized assets.

The Ethereum-based platform enables permissioned real-world assets to be packaged into blockchain-based tokens that can trade on Ethereum. One flagship product is a yield-bearing stablecoin structure registered with the SEC under the Investment Company Act of 1940.

The product is structured as a registered security. NUVA plans to operate continuously on-chain, allowing users to access products 24 hours a day, 365 days a year. The platform also enables users to accumulate points that will later convert into NUVA tokens.

Moro said more than 50% of the platform will be owned by users through a future token.

Moro spent 22 years at BNY Mellon, primarily in the American Depositary Receipt business. He compared ADRs to crypto vault structures, saying both transform one type of financial asset into another tradable format. Blockchain infrastructure simplifies functions like custody, clearing and trading that have historically required layers of financial intermediaries, Moro said.

NUVA's partners include Animoca Brands, which Moro said will help distribute products globally through its crypto network. U.S. dollar-denominated yield products. U.S. real estate loans could appeal to users in underbanked regions who only need a crypto wallet for access.

Moro said the company believes every single financial asset in the entire world is going to be tokenized over the next decade.