NUVA Digital raises USD $5.2 million for Web3 asset platform
NUVA Digital has raised USD $5.2 million in a seed funding round led by Morgan Creek Digital. The money will be used to expand NUVA, its Web3 real-world asset platform.
NUVA Digital develops the software behind NUVA, a marketplace that provides users with access to tokenised real-world asset vaults via stablecoin deposits. The platform acts as a non-custodial distribution layer, allowing users to mint liquid tokens linked to those deposits.
The funding will support the next stage of development, including expanding the range of vaults on the marketplace, adding more issuer integrations, deploying the service across multiple blockchains, building tools for institutional users, and preparing for the launch of a utility token tied to the platform.
NUVA was co-created by Animoca Brands and Nuva Labs. Its backers are seeking to position the platform in the growing market for tokenised real-world assets, where blockchain-based systems are used to represent holdings such as credit, private market products, and other off-chain financial instruments.
NUVA aims to address fragmentation in that market by bringing together vaults from different curators and asset managers in a single interface. It also offers on-chain proof of reserves and does not impose minimum deposits or lock-up periods.
Market push
The deal highlights continued investor interest in infrastructure businesses linked to tokenised assets. Companies in the sector are building systems for trading, custody, issuance, and distribution that connect traditional financial products with decentralised finance networks.
Animoca Brands, which incubated the business with Nuva Labs, has been active across digital assets, blockchain platforms, and Web3 investments. Nuva Labs, formerly known as Provenance Blockchain Labs, focuses on infrastructure for issuers to handle the tokenisation, management, and distribution of real-world assets.
Nuva Labs is also a developer and integration partner on Provenance Blockchain, a public Layer 1 network with more than USD $23 billion in total value locked in real-world assets, according to the company. That backdrop may be relevant as NUVA seeks to attract issuers and users across multiple blockchain networks.
NUVA Digital described the round as a step from early development towards a broader commercial rollout. The fresh capital is intended to help scale total value locked and user adoption as competition intensifies among platforms seeking to become gateways for tokenised assets.
Yat Siu, Co-founder and Executive Chairman of Animoca Brands, outlined the company's view of the market opportunity.
"Tokenized RWAs represent one of the most important opportunities in finance, with the potential to reach trillions of dollars in value within a decade by unlocking liquidity and accessibility for institutional-quality assets. NUVA's marketplace model solves the fragmentation problem by creating a simple, unified experience where anyone can access top-tier RWA vaults. We are thrilled to support NUVA's vision as we build toward a more inclusive, user-owned financial system," said Siu.
Chief Executive Anthony Moro said the round reflected demand for a platform that aggregates offerings without assuming custody or asset-origination risk.
"This seed round validates the strong demand for a neutral, operator-only platform that offers vaults from leading curators and asset managers without adding custody or origination risk," said Moro.
He added that the funding supports a broader build-out of the service and its integration into decentralised finance markets. "NUVA is perfectly positioned to become the go-to marketplace for on-chain RWAs. The new funding will accelerate our roadmap to deliver a superior user experience, broader issuer participation, and powerful composability for NUVA vaulted assets across DeFi," Moro said.