Collaboration Announcement: Animoca Brands and ProvLabs joining forces to create RWA Marketplace, dubbed NUVA
In a recent announcement, Animoca Brands' Moca Foundation unveiled Moca Network, a new blockchain focused on decentralized identity and user verification. This project, developed in collaboration with Web3 leader Animoca Brands and Figure Technologies, is set to launch in Q4 2025.
The partnership between Animoca Brands and Provenance Blockchain Labs (ProvLabs) aims to develop NUVA, an innovative vault marketplace for tokenized real-world assets (RWA). NUVA is scheduled for launch in the same quarter, and will be built on the Provenance Blockchain, a network designed for financial services with a total value locked (TVL) of over US$15.7 billion.
Initially, NUVA will feature vaults backed by two of Figure Technologies' flagship digital assets: nuYLDS and nuHELOCs. nuYLDS is a vault tied to YLDS, the first U.S. SEC-registered yielding stablecoin security. nuHELOCs, on the other hand, is a vault backed by a pool of high-quality home equity loans.
Yat Siu, co-founder and executive chairman of Animoca Brands, has announced a strategic goal to make institutional-quality assets more accessible across a unified, multi-chain ecosystem with NUVA. To further this goal, Animoca Brands will lead go-to-market strategies, tokenomics, and listings for NUVA, while ProvLabs will handle product and infrastructure development.
In addition to NUVA, Animoca Brands is also involved in an HKD-backed stablecoin project with Standard Chartered and Hong Kong Telecom, vying for a license from the HK regulator. The company has also initiated a public buyback of TOWER tokens, the native token of the TOWER Ecosystem, a gaming platform.
Moreover, Animoca Brands' recent strategic initiatives include a $100 million Bitcoin partnership with DDC Enterprise, aimed at advancing corporate Bitcoin treasury management. Yat Siu, in a recent episode of Blockcast recorded at the Blockhead office, discussed these ventures and more, with the latest episode set to drop in a few weeks.
The NUVA ecosystem will introduce a native token, $NUVA, for governance, staking rewards, and other utilities. As Animoca Brands continues to expand its horizons in the blockchain and cryptocurrency space, the launch of Moca Network and NUVA is a significant step forward.
