Mike Cagney

Chainlink Becomes NUVA’s Sole Data Provider as HELOC-Backed nvPRIME Goes First

NUVA, a real-world asset marketplace co-created by Animoca Brands and Nuva Labs, has appointed Chainlink as its exclusive data infrastructure provider. The partnership aims to bring institutional real-world assets to decentralized finance, with the first asset, nvPRIME, offering exposure to short-term financing backed by U.S. residential housing loans and HELOCs. Chainlink's oracle network will provide the necessary on-chain data to value and price these assets as collateral within DeFi protocols.