Nuva Taps Chainlink for Decentralized Real Estate Lending
Nuva, a new decentralized marketplace, has launched on Ethereum and is giving retail participants access to yield-bearing instruments backed by real residential real estate. The platform connects tokenized real-world assets from Figure Technologies' Provenance Blockchain directly into DeFi markets.
The two flagship products on the Nuva platform are nvYLDS and nvPRIME. nvYLDS is a yield vault tied to the YLDS stablecoin, which has a circulating supply exceeding $500 million. It targets yields in the high single digits, north of 7%. The second product, nvPRIME, is backed by a home equity line of credit portfolio representing over $18 billion funded in residential housing.
Nuva uses Chainlink's oracle network to provide reliable valuation data on-chain, making it possible for DeFi protocols to price collateral and manage lending parameters. Without this layer, smart contracts managing collateralized positions would be operating blind.
The partnership between Animoca Brands, Nuva Labs, and ProvLabs aims to route institutional-quality yield products toward a retail-native crypto audience that has historically had no path into residential housing credit.