TL;DR
Figure Technology Solutions dominates tokenized private credit: controlling 75% of all tokenized private credit with nearly $12 billion TVL (total locked value), over $17 billion in HELOCs funded, and maintains a sub-1% loss rate with AAA ratings from major agencies.
NUVA solves RWA accessibility problems: Traditional RWAs (real-world assets) are fragmented across chains, locked behind high minimums, and have poor user interfaces, NUVA creates a unified, chain-agnostic vault marketplace that makes Figure Technology Solutions' assets accessible to everyone.
Two Figure Technology Solutions’ assets now available: NUVA provides exposure to YLDS (first SEC-registered yield-bearing stablecoin) and tokenized HELOCs (Home Equity Lines of Credit) to retail users through composable, portable vault structures that work across multiple DeFi (Decentralized Finance) protocols.
Tax optimization benefits: NUVA's vault implementation offers tax advantages through accretive tokens that defer tax obligations on yield until cash-out, optimizing after-tax returns compared to direct yield payments.
Built on proven infrastructure: Operating on Provenance Blockchain (nearly $17 billion RWA TVL), NUVA leverages the same high-throughput, low-fee infrastructure that powers Figure Technology Solutions' operations while creating new distribution channels for institutional-grade assets.
Introduction
The real-world asset (RWA) space has been waiting for this moment. After years of fragmented solutions, intimidating interfaces, and assets locked away behind institutional walls, we're finally seeing the convergence that DeFi promised from the beginning, and NUVA is opening that door.
The Giant in the Room
Figure Technology Solutions isn't just another player in the tokenized asset space—they're the heavyweight champion. Controlling 75% of all tokenized private credit according to RWA.xyz, Figure Technology Solutions has built an empire around real-world assets that most of us could only dream of accessing. We're talking about nearly $12 billion in total value locked, with over $17 billion in HELOCs funded to date through Figure Technology Solutions Lending LLC, making them the largest non-bank HELOC lender in the United States.
But here's what really caught our attention: Figure Technology Solutions has executed over 10 rated securitizations with AAA ratings from both S&P and DBRS Morningstar. More importantly, they've maintained a sub-1% loss rate on their underwritten loans. In an industry where risk management often feels like rolling dice, that's the kind of track record that turns heads.
Through this collaboration, NUVA is bringing two of Figure Technology Solutions's flagship assets to our vault marketplace: YLDS, the first SEC-registered yielding stablecoin, and loans collateralized by tokenized HELOCs that represent some of the most sought-after private credit opportunities in traditional finance.
The Problem We're All Tired Of
The RWA landscape has faced persistent and systemic challenges that have held it back for far too long. The best private credit assets have been locked away in institutional vaults, accessible only to those with the right connections and minimum investments that would make your DeFi bag look like lunch money. The industry's opacity has been its defining feature, not its bug.
Even when these assets make it on-chain, we're dealing with a fragmented ecosystem. Assets scattered across different blockchains, each with their own liquidity pools that barely qualify as puddles. The user experience and interface have been built for Web3 natives who speak smart contract fluently, leaving everyone else squinting at interfaces that feel more like puzzles than financial platforms.
And then there's the over-reliance on "digital twin" structures that somehow manage to be both more expensive and riskier than their traditional finance counterparts. It's like taking a Ferrari and adding training wheels, you get the worst of both worlds.
Figure Technology Solutions's assets, despite their excellence, haven't been immune to these problems. YLDS and HELOCs, while representing top-tier opportunities, have been trapped in the same ecosystem limitations that plague the entire RWA space.
The NUVA Solution
This is where things get interesting. NUVA isn't trying to reinvent the wheel - we're building the highway system that connects all the wheels.
Our chain-agnostic vault marketplace brings together curated assets from leading issuers like Figure Technology Solutions, making them accessible through a unified platform that is designed for simplicity and transparency. No more jumping between different blockchains or trying to decipher which protocol holds which assets. Everything lives in one place, with clear risk profiles and yield strategies that you can actually understand and compare.
What does that look like in practice? When you deposit into a NUVA vault, the vault acquires exposure to the referenced asset under its published parameters; purchasing YLDS for nuYLDS or, for HELOC exposure via Figure’s Democratized Prime, holding a transparent on‑chain receipt that reflects the vault’s position rather than individual loans. Your token (nuYLDS or nuHELOC) represents your pro‑rata share of the vault’s NAV and, where applicable, accretes as earnings accrue. For specifics on structure, fees, and redemption policies, see the nuYLDS and nuHELOC product pages and the FAQs.
For Figure Technology Solutions, this collaboration opens up an entirely new global distribution channel. Their premium assets can now reach retail users, DeFi enthusiasts, and institutional players through a single, streamlined interface. More importantly, NUVA's vault structure makes these assets composable and portable across multiple chains and DeFi protocols.
Here's the kicker: NUVA’s vault implementation introduces tax advantages for HELOC and YLDS positions that were not previously available. For example, nuYLDSs is an accretive token, rather than paying out yield directly to you, the vault earns the yield and grows in size. As a result, your value per token increases. Typically, the tax obligation occurs when you cash out. By deferring tax obligations on yield accruals, users can optimize their after-tax returns. We're not just making these assets more accessible - we're making them more attractive from a total return perspective.
Built on the same Provenance Blockchain infrastructure that powers Figure Technology Solutions' operations, NUVA benefits from the high throughput and low fees that make real-world financial operations actually viable on-chain. With nearly $17 billion in RWA TVL, Provenance has proven itself as the leading RWA blockchain globally, an ecosystem the NUVA community can be proud of.
What This Means Going Forward
The RWA space has been waiting for institutional-grade assets to meet retail accessibility, and this collaboration is intent on making that a reality. Further, it opens doors to everyone, everywhere. NUVA users can now diversify beyond traditional DeFi yields. DeFi natives gain access to real-world cash flows. And institutional players benefit from streamlined access to tokenized credit products. Together, the NUVA + Figure Technology Solutions creates opportunities that simply didn't exist before.
NUVA is not just bridging TradFi and DeFi - NUVA is creating a new category entirely. One where the best assets from traditional finance can flow freely through decentralized infrastructure, accessible to anyone, anywhere, with an internet connection and the appetite for institutional-grade returns.
