Animoca Brands Partners with ProvLabs on NUVA for Tokenized RWAs
Deal News | Aug 07, 2025 | Raptor Capital Management LP
Animoca Brands and Provenance Blockchain Labs (ProvLabs) have announced a strategic partnership to develop NUVA, a chain-agnostic vault marketplace designed to connect real-world asset (RWA) issuers with investors. NUVA aims to provide a curated selection of high-quality vaults that will allow a diverse range of investors—from retail to institutional—to access various investment products seamlessly and without permission. Built on the Provenance Blockchain, NUVA will initially feature vaults backed by Figure Technologies' digitally native on-chain assets, such as YLDS, a US SEC-registered yielding stablecoin security, and HELOCs, which are fixed-interest rate home equity loans. Set to launch in Q4 2025, NUVA plans to issue a governance token to engage users in the ecosystem. The partnership relies on ProvLabs for product and infrastructure development, while Animoca Brands will leverage its Web3 ecosystem for go-to-market strategies. Notable figures such as Yat Siu of Animoca Brands, Anthony Moro of ProvLabs, and Mike Cagney of Figure Technologies are all optimistic about NUVA's potential to transform the RWA space.
Sectors
- Blockchain and Cryptocurrency
- Financial Services
Geography
- Global – The partnership between Animoca Brands and ProvLabs is intended to create a global marketplace accessible to international investors and issuers.
- United States – The Provenance Blockchain and Figure Technologies, which are mentioned in the article, are based in the U.S., with financial products like SEC-registered stablecoin securities and home equity loans primarily targeting the U.S. market.
Industry
- Blockchain and Cryptocurrency – The article discusses the development of NUVA, a marketplace utilizing blockchain technology to tokenize real-world assets, highlighting the significance of blockchain in the financial services industry.
- Financial Services – The article focuses on the launch of NUVA, a marketplace integrating financial products like stablecoin securities and home equity loans, thereby showcasing the intersection of blockchain and traditional financial services.
Financials
- US$15.7 billion – Total value locked (TVL) on the Provenance Blockchain, emphasizing its significance in financial services.
- US$16 billion – The total funding of HELOCs issued by Figure Lending LLC.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Animoca Brands | Co-Developer | Company | Animoca Brands is a company that operates in the field of digital entertainment, blockchain technology, and gamification. |
| Provenance Blockchain Labs (ProvLabs) | Co-Developer | Company | ProvLabs builds blockchain infrastructure and products focused on financial services, partnering to develop the NUVA marketplace. |
| Raptor Capital Management LP | Private Equity Firm | Company | Raptor Capital Management LP is mentioned as a financial backer for the project. |
| Figure Technologies | Asset Provider | Company | Figure Technologies provides digitally native on-chain real-world asset products like stablecoin securities and HELOCs. |
| Yat Siu | Co-Founder and Executive Chairman | Person | Yat Siu is the co-founder and executive chairman of Animoca Brands. |
| Anthony Moro | CEO | Person | Anthony Moro is the CEO of ProvLabs. |
| Mike Cagney | Executive Chairman | Person | Mike Cagney is the executive chairman of Figure Technologies. |