Hassan Maishera
Chainlink announced on Monday via X that Nuva, by Animoca Brands and NUVA Labs, has adopted Chainlink as its exclusive data infrastructure to bring institutional RWAs to DeFi.
The first asset powered is nvPRIME, which represents exposure to short-term financing backed by residential housing loans, including U.S. HELOCs.
By adopting Chainlink as its exclusive data infra, NUVA ensures:
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Accurate valuation of tokenized credit assets
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Reliable collateralization in lending markets
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Seamless composability across DeFi
Chainlink is powered by the LINK token, which is used to pay for platform services and secure the network’s proper functioning. Chainlink leverages a novel fee model where offchain and onchain revenue from enterprise adoption is converted to LINK tokens and stored in a strategic Chainlink Reserve.
Chainlink is at the forefront of financial innovation and the global tokenization trend. Traditional financial institutions and infrastructure, such as SWIFT, DTCC, Euroclear, J.P. Morgan, Mastercard, the Central Bank of Brazil, UBS, SBI, Fidelity International, ANZ, and many others, are adopting Chainlink as a fundamental infrastructure as they move toward tokenizing trillions onchain. Demand for Chainlink has already generated hundreds of millions of dollars in revenue across a variety of traditional and decentralized use cases.
Chainlink Network (LINK) aims to provide tamper-proof inputs and outputs of data for smart contracts on any blockchain. LINK is up 1.63% over the past 24 hours, trading at $11.71.
