Black Lake Digital Markets and Nuva Labs completed a $25 million onchain mint and transfer of institutional mortgage loans on Provenance, with the tranche expected to seed a dedicated NUVA.finance vault next month. Each loan is minted as an NFT with data kept in a permissioned DataRoom, while a policy-hash attestation lets investors verify pool eligibility and compliance without touching borrower data. The bet is that mortgage credit can become usable DeFi collateral without dragging the whole $13 trillion U.S. mortgage market’s paperwork mess onchain.

TLDR by @Benthic

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