Latest news with #ProvenanceBlockchain
Business Wire
2 days ago
- Business
- Business Wire
Animoca Brands and ProvLabs to Co-Develop NUVA to Accelerate Access to Tokenized Real-World Assets (RWAs)
NEW YORK--(BUSINESS WIRE)--Animoca Brands and Provenance Blockchain Labs (ProvLabs) today announced they have formed a strategic partnership to co-develop NUVA, a vault marketplace that connects real-world asset (RWA) issuers with investors. NUVA will be a unified, chain-agnostic vault marketplace that offers a curated set of vaults from leading asset issuers, each with distinct yield strategies and risk profiles. Investors including retail investors, institutions, Web3 foundations and treasuries will be able to access a wide range of investment products permissionlessly via NUVA. Asset issuers will be able to use NUVA to bring their own assets on-chain and access an entirely new global distribution channel. Built on the Provenance Blockchain, which is designed for financial services and currently holds over US$15.7 billion in RWA total value locked (TVL), NUVA will initially offer nuYLDS and nuHELOCs vaults backed by two of Figure Technologies' industry-leading, digitally native on-chain RWA assets: YLDS, the first U.S. SEC-registered yielding stablecoin security, and HELOCs, fixed-interest rate home equity loans issued by Figure Lending LLC, the largest non-bank HELOC lender in the U.S. with over US$16 billion funded to date. NUVA is scheduled to launch in Q4 2025, and plans to issue a token for governance rights, staking rewards, and other utilities to align all participants in the NUVA ecosystem. According to the terms of the partnership, Provenance Blockchain Labs will focus on product and infrastructure development, while Animoca Brands will utilize its extensive Web3 ecosystem and institutional relationships to drive go-to-market, tokenomics, and listing. Yat Siu, co-founder and executive chairman of Animoca Brands, said: 'Tokenized RWAs, which are projected to be worth up to $30 trillion by 2030, today are fragmented across chains and marketplaces, limiting their reach and impact. Together with NUVA, we want to make institutional-quality assets radically more accessible across a unified, multi-chain ecosystem, while setting the stage for a new era of user-owned financial networks. This is an important leap toward a more inclusive, on-chain financial system.' Anthony Moro, CEO of ProvLabs, added: 'This is the partnership the RWA industry has been waiting for. Animoca Brands brings Web3's best community and combines it with the world's largest pool of real-world assets ledgered on Provenance Blockchain. This combination of industry leaders will power the next generation of financial innovation to unimaginable heights.' Mike Cagney, executive chairman of Figure Technologies, said: 'We're excited NUVA has decided to launch using Figure's HELOCs and $YLDS as initial assets. It is good to see the platform leverage the unique capabilities of the Provenance Blockchain and contribute to continued expansion in DeFi.' About ProvLabs Provenance Blockchain Labs (ProvLabs) powers digital assets with mission-critical APIs and SaaS services that enable the tokenization and management of real-world assets at scale on Provenance Blockchain. ProvLabs' services provide a frictionless path to Web3 enablement and are built specifically for Provenance Blockchain Network, the world's largest public Layer 1 blockchain network with over $15 billion in real-world assets total value locked (TVL). Learn more at and follow us on X and LinkedIn. About NUVA NUVA is the first DeFi marketplace on Provenance Blockchain, where leading asset issuers leverage blockchain vault technology to bring innovative, institutional-quality assets to everyone, everywhere. The platform opens one-click access to an extensive, curated selection of tokenized real-world assets (RWAs) and DeFi opportunities while eliminating intermediaries and reducing transaction costs. Built by Animoca Brands and Provenance Blockchain Labs, NUVA makes all assets globally accessible and composable. NUVA's utility token is $NUVA, used for governance, staking rewards, and transaction fees. Learn more at and follow NUVA on X and LinkedIn. About Animoca Brands Animoca Brands Corporation Limited (ACN: 122 921 813) is a global Web3 leader that leverages tokenization and blockchain to deliver digital property rights to consumers, helping to establish the open metaverse and its associated network effects. It has received broad industry and market recognition including Fortune Crypto 40, Top 50 Blockchain Game Companies 2025, Financial Times' High Growth Companies Asia-Pacific, and Deloitte Tech Fast. Animoca Brands has three integrated business pillars: Web3 businesses to advance blockchain adoption with native projects such as Moca Network, Anichess, The Sandbox, Open Campus, NEOM Web3 initiatives, and a regulated stablecoin project in partnership with Standard Chartered and HKT; digital asset advisory services including tokenomics advisory, liquidity provisioning, and institutional research to help external Web3 projects grow; and investment management, with a portfolio of investments in over 570 companies including industry leaders Pudgy Penguins, Yuga Labs, Axie Infinity, Polygon, Consensys, Magic Eden, OpenSea, Dapper Labs, YGG, and many others.
Business Wire
12-06-2025
- Business
- Business Wire
Figure Technology Solutions Achieves Industry First with S&P AAA Ratings for Blockchain Assets
NEW YORK--(BUSINESS WIRE)-- Figure Technology Solutions ('Figure'), a technology platform powering an efficient, liquid, blockchain-based marketplace for financial products, today announced its latest securitization of mortgage assets totaling $355 million. This transaction, FIGRE 2025-HE3, is a landmark achievement as the first of its kind to receive ratings from S&P Global Ratings across all six bond classes, ranging from AAA to B-. 'This milestone is a significant validation of both our asset quality and the blockchain-backed ecosystem we are building,' said Todd Stevens, Chief Capital Officer of Figure. 'Securing AAA ratings from S&P reflects the growing confidence in blockchain infrastructure as a foundation for secure, efficient, and transparent financial products.' Key Highlights of the Transaction: Investor Participation: More than 30 unique investors participated in the transaction, with large AAA investor participation. Participants included insurance companies, money managers, and credit funds. Oversubscription: All bond classes were oversubscribed during the sale process, reflecting strong market demand. Figure Connect: All of the collateral in the transaction was contributed by participants on Figure Connect – underscoring growing acceptance of our blockchain-based marketplace. Figure itself contributed no collateral into the deal. 'Our goal is for the market to see us as predictable on the credit side as well as the issuance side. We're confident that we can be relied on as a steady, consistent, transparent issuer, which helps drive our appeal with our diverse investor base,' Stevens added. The underlying loans in this transaction leverage the Provenance Blockchain to enhance the efficiency and transparency of the underwriting process. FIGRE 2025-HE3 represents Figure's fourth HELOC securitization in 2025, underscoring the company's continued momentum in the market. Since the launch of Figure Connect in June 2024, investor participation has increased due to the platform's efficiency and yield advantages over traditional non-QM offerings. The recent joint venture with Sixth Street, committing over $2 billion in liquidity, further strengthens Figure's capacity to bridge traditional finance with innovative blockchain solutions. Figure continues to lead the market in blockchain-based securitizations with its end-to-end digital infrastructure driving faster execution and reduced costs, offering enhanced transparency for both issuers and investors. About Figure Technology Solutions Founded in 2018, Figure Technology Solutions ('Figure') is a blockchain–based technology platform built to enhance efficiency and transparency in financial services. Figure Connect is powered by the Provenance Blockchain, which onboards all of Figure's loans, and is the world's largest originator of Real World Assets. Its subsidiary, Figure Lending LLC, is the largest non-bank provider of home equity lines of credit; its software has been used to originate more than $15B of home equity. Figure's technology is embedded across a broad network of loan originators and capital markets buyers and is used directly as well by homeowners in all 50 states and Washington, DC. With Figure, homeowners can receive approval for a HELOC in as fast as five minutes and receive funding in as few as five days. To date, Figure has embedded its HELOC in more than 150 partners, including Rate (formerly Guaranteed Rate), CrossCountry Mortgage, Movement Mortgage, Goodleap, and many other fintechs, depositories, and independent mortgage banks. For more information, visit or follow Figure on LinkedIn.
Yahoo
12-06-2025
- Business
- Yahoo
Figure Technology Solutions Achieves Industry First with S&P AAA Ratings for Blockchain Assets
$355M securitization marks a major milestone in capital markets blockchain integration NEW YORK, June 12, 2025--(BUSINESS WIRE)--Figure Technology Solutions ("Figure"), a technology platform powering an efficient, liquid, blockchain-based marketplace for financial products, today announced its latest securitization of mortgage assets totaling $355 million. This transaction, FIGRE 2025-HE3, is a landmark achievement as the first of its kind to receive ratings from S&P Global Ratings across all six bond classes, ranging from AAA to B-. "This milestone is a significant validation of both our asset quality and the blockchain-backed ecosystem we are building," said Todd Stevens, Chief Capital Officer of Figure. "Securing AAA ratings from S&P reflects the growing confidence in blockchain infrastructure as a foundation for secure, efficient, and transparent financial products." Key Highlights of the Transaction: Investor Participation: More than 30 unique investors participated in the transaction, with large AAA investor participation. Participants included insurance companies, money managers, and credit funds. Oversubscription: All bond classes were oversubscribed during the sale process, reflecting strong market demand. Figure Connect: All of the collateral in the transaction was contributed by participants on Figure Connect – underscoring growing acceptance of our blockchain-based marketplace. Figure itself contributed no collateral into the deal. "Our goal is for the market to see us as predictable on the credit side as well as the issuance side. We're confident that we can be relied on as a steady, consistent, transparent issuer, which helps drive our appeal with our diverse investor base," Stevens added. The underlying loans in this transaction leverage the Provenance Blockchain to enhance the efficiency and transparency of the underwriting process. FIGRE 2025-HE3 represents Figure's fourth HELOC securitization in 2025, underscoring the company's continued momentum in the market. Since the launch of Figure Connect in June 2024, investor participation has increased due to the platform's efficiency and yield advantages over traditional non-QM offerings. The recent joint venture with Sixth Street, committing over $2 billion in liquidity, further strengthens Figure's capacity to bridge traditional finance with innovative blockchain solutions. Figure continues to lead the market in blockchain-based securitizations with its end-to-end digital infrastructure driving faster execution and reduced costs, offering enhanced transparency for both issuers and investors. About Figure Technology Solutions Founded in 2018, Figure Technology Solutions ("Figure") is a blockchain–based technology platform built to enhance efficiency and transparency in financial services. Figure Connect is powered by the Provenance Blockchain, which onboards all of Figure's loans, and is the world's largest originator of Real World Assets. Its subsidiary, Figure Lending LLC, is the largest non-bank provider of home equity lines of credit; its software has been used to originate more than $15B of home equity. Figure's technology is embedded across a broad network of loan originators and capital markets buyers and is used directly as well by homeowners in all 50 states and Washington, DC. With Figure, homeowners can receive approval for a HELOC in as fast as five minutes and receive funding in as few as five days. To date, Figure has embedded its HELOC in more than 150 partners, including Rate (formerly Guaranteed Rate), CrossCountry Mortgage, Movement Mortgage, Goodleap, and many other fintechs, depositories, and independent mortgage banks. For more information, visit or follow Figure on LinkedIn. View source version on Contacts press@ Sign in to access your portfolio
Business Wire
21-05-2025
- Business
- Business Wire
Figure Technology Solutions Secures Strategic Financing Partnership with Victory Park Capital
NEW YORK & CHICAGO--(BUSINESS WIRE)-- Figure Technology Solutions ('Figure'), a technology platform building the blockchain-based capital markets of the future, has entered into a financing agreement with Victory Park Capital ('VPC'), a leading global alternative investment firm specializing in private credit. The transaction includes the sale of Figure's first – and the industry's first – pool of Crypto-Backed Loans. This milestone accelerates Figure's Crypto-Backed Loan business, which enables asset owners to borrow against Bitcoin and Ethereum holdings, to achieve scale. 'Victory Park Capital is an early mover in financing innovative fintech businesses, and we're excited to partner with an institutional asset manager that shares our vision,' said Todd Stevens, Chief Capital Officer of Figure. 'We're applying the template we pioneered with our blockchain-powered mortgage product to add a second product at the intersection of cryptocurrency and traditional finance.' Figure operates blockchain-native marketplaces for Real World Assets, like mortgage and consumer finance, as well as non-real-world assets such as cryptocurrencies. Figure uses Provenance Blockchain, an L1 public blockchain, for crypto loan origination and monitoring. Building off Figure's success in the mortgage space, asset owners take advantage of the flexibility of Figure's offering – which include LTVs up to 75% and longer-term financing – to enjoy liquidity while maintaining their long exposure. 'By offering its customers innovative products, Figure is challenging both the status quo of traditional finance and less flexible crypto lending solutions, while charting a new course for decentralized finance,' said Tom Welch, Partner at VPC. 'We have seen immediate demand for the Crypto-Backed Loan product and believe strongly in the company's highly experienced management team and underlying proprietary technology. We are excited to support the Figure team as they expand their suite of lending solutions.' Throughout the past year, Figure has been expanding Figure Connect, a blockchain-based marketplace that connects loan originators and buyers, ultimately creating the first highly liquid private capital marketplace for loans. With this new transaction, Figure adds crypto-backed loans to its Connect Marketplace. ABOUT FIGURE TECHNOLOGY SOLUTIONS Founded in 2018, Figure Technology Solutions ('Figure') is a blockchain–based technology platform built to enhance efficiency and transparency in financial services. Figure Connect is powered by the Provenance Blockchain, which onboards all of Figure's loans, and is the world's largest originator of Real World Assets. Its subsidiary, Figure Lending LLC, is the largest non-bank provider of home equity lines of credit; its software has been used to originate more than $14B of home equity. Figure's technology is embedded across a broad network of loan originators and capital markets buyers and is used directly as well by homeowners in 50 states and Washington, DC. With Figure, homeowners can receive approval for a HELOC in as fast as five minutes and receive funding in as few as five days. To date, Figure has embedded its HELOC in more than 135 partners, including Rate (formerly Guaranteed Rate), CrossCountry Mortgage, Movement Mortgage, Goodleap, and many other fintechs, depositories, and independent mortgage banks. For more information, visit or follow Figure on LinkedIn. ABOUT VICTORY PARK CAPITAL Victory Park Capital Advisors, LLC ('VPC' or the 'Firm') is a global alternative asset manager that specializes in private asset-backed credit. In addition, the Firm offers comprehensive structured financing and capital markets solutions through its affiliate platform, Triumph Capital Markets. The Firm was founded in 2007 and is headquartered in Chicago. In 2024, VPC became a majority-owned affiliate of Janus Henderson Group. The Firm leverages the broader resources of Janus Henderson's 2,000+ employees across offices in 25 cities worldwide. VPC is a Registered Investment Advisor with the SEC. For more information, please visit
