RWA market NUVA launches HOME token, offering investment exposure to U.S. home equity lines of credit.

October 8th, the RWA marketplace NUVA, created by Animoca Brands and Nuva Labs, has launched the HOME token, offering qualified non-U.S. investors exposure to U.S. home equity lines of credit. HOME invests funds into a collective investment vehicle that initially holds HELOC loans originated through Figure Technology Solutions. According to Federal Reserve economic data, the value of U.S. HELOCs climbed to $460 billion in the second quarter. HOME does not grant holders ownership of individual loans, but rather exposure to the entire loan pool.