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Provenance Blockchain is a public, open-source blockchain designed and developed to deliver material business benefits to financial services participants and developers. It has capabilities across multiple financial assets and markets, such as a ledger, registry, and exchange. The world's leading financial institutions, fintechs, and asset managers use Provenance Blockchain to enable the entire digitally-native asset lifecycle, from origination to financing, funding, and trading of digital assets. This has enabled over $10 billion dollars in digitally-native transactions, transforming lending, securitization, payments, and exchanges.
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Ethereum Leads the $65 Billion RWA Race, While Other Public Blockchains Accelerate Competition for Institutional Tokenization Market Share
According to The Block, the total market capitalization of the RWA (Real-World Assets) market has surpassed $65 billion—up approximately 44% from $45 billion at the start of the year—as traditional asset management firms continue accelerating their onchain adoption. Ethereum leads with roughly a 33% market share, solidifying its position as the default platform for institutional tokenization thanks to its deep liquidity, mature smart contract tooling, and broad recognition among traditional financial institutions. Provenance Blockchain ranks second with approximately 27% market share; its RWA ecosystem centers around Figure Lending. BNB Chain, XRP Ledger, and Solana each hold about 6% of the market and are actively building institutional-grade infrastructure to capture additional market share.
RWA platform Nuva Digital closes $5.2M seed round led by Morgan Creek Digital
According to The Block, Nuva Digital has completed a $5.2 million seed funding round, led by Morgan Creek Digital with participation from Ulu Ventures. The round was closed in a single tranche and marks the company’s first external funding. Nuva Digital was jointly incubated by Animoca Brands and Nuva Labs (formerly Provenance Blockchain Labs) and is building Nuva Finance, a real-world asset (RWA) yield platform. The financing structure consists of a priced equity seed round accompanied by token purchase warrants; the valuation was not disclosed.