Black Lake and Nuva Labs Complete First $25M Mortgage Loan Tokenization on Provenance Blockchain

According to The Block, Black Lake Digital Markets and Nuva Labs completed the first onchain minting and transfer of $25 million in institutional mortgage loans on Provenance Blockchain on Wednesday. Each mortgage loan is minted as a non-fungible token using Nuva Labs' infrastructure, with loan data housed in a permissioned DataRoom. The tokenized loans are pooled and deployed as collateral via NUVA.finance's cross-chain vault infrastructure, allowing investors to access private credit yield in a permissionless form while retaining ownership of underlying loans. The $25 million tranche is expected to seed a dedicated Black Lake vault on NUVA.finance in the coming month.
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