The NUVA protocol, backed by Animoca Brands, is set to connect Figure's $19 billion in tokenized real-world assets to Ethereum. The move brings assets like home equity lines of credit and U.S. Treasuries into decentralized finance markets. Anthony Moro, a veteran executive from BNY, leads the project.
The $19 billion pool
Figure is one of the biggest tokenizers of real-world assets. Its $19 billion stash covers loans, mortgages, and other financial products. NUVA will act as a bridge, letting those assets move onto Ethereum-based DeFi protocols. That opens up lending, trading, and yield opportunities for tokenized credit and Treasuries.
From home equity to DeFi
The assets NUVA targets aren't just corporate bonds or stablecoins — they include home equity lines of credit. That's a first for most DeFi markets. U.S. Treasuries are also in the mix. The idea is to bring yield from traditional finance into on-chain pools without the usual friction.
What Moro brings
Moro spent years at BNY, one of the world's largest custodians. He understands the regulatory side and how to stitch old-school finance with new settlement rails. The fact that Animoca — best known for gaming and metaverse bets — is backing a real-world asset bridge signals a turn. It's not just about digital collectibles anymore.
NUVA hasn't announced a launch date yet. But Figure's assets are already tokenized. The team is likely working on the smart contract hooks to Ethereum. When that goes live, DeFi will have a direct tap into billions of dollars worth of real credit and government debt.
