NUVA, a real-world asset marketplace built by Animoca Brands and Nuva Labs, has launched the HOME token, an ERC-20 product that gives eligible non-U.S. investors exposure to U.S. home equity lines of credit, or HELOCs, with a minimum entry of 1 USDC. The token targets a 7% annualized yield that resets monthly, while interest income and loan performance are reflected in the pool’s net asset value and feed into token pricing.
The structure does not impose a lock-up period. It also includes a first-loss tranche worth about 5% of the pool value, designed to absorb losses from defaults or forced sales before they reach HOME holders. The underlying assets come from a HELOC pool originated by Figure Technology Solutions.
Nuva Labs CEO Anthony Moro said traditional securitization has largely been built for institutional investors, leaving retail investors with limited access to these structures. He said HOME is not trying to create new demand for residential credit, but instead presents an asset class that already has institutional demand through a more accessible on-chain structure. HOME holders do not directly own the underlying loans. The product is restricted to eligible non-U.S. users, with the U.K., Hong Kong, China, the British Virgin Islands, and sanctioned jurisdictions excluded through wallet screening and IP blocking.
NUVA rolls out HOME token
NUVA, a real-world asset marketplace built by Animoca Brands and Nuva Labs, has launched the HOME token, offering eligible non-U.S. investors exposure to U.S. home equity lines of credit, or HELOCs. The minimum participation amount is 1 USDC.
HOME is an ERC-20 token with a target annualized yield of 7% that resets every month. Interest income and loan performance are reflected in the pool’s net asset value, which in turn determines the token price.
How the product is structured
The product has no lock-up period. It also includes a first-loss tranche equal to about 5% of the pool’s value, intended to absorb losses from defaults or forced sales before those losses are passed on to HOME holders.
The underlying assets are drawn from a HELOC pool originated by Figure Technology Solutions. HOME holders do not directly own the underlying loans and instead hold tokens representing exposure to the relevant pool.
Market context and access restrictions
According to Federal Reserve economic data, the U.S. HELOC market rose to $460 billion in the second quarter.
Nuva Labs CEO Anthony Moro said traditional securitization has mainly been aimed at institutional investors, making it difficult for individual investors to access these structures. He said HOME is not attempting to create residential credit demand from scratch, but is presenting an asset class that already has institutional demand through a more accessible on-chain structure.
HOME is available only to eligible non-U.S. users. The U.K., Hong Kong, China, the British Virgin Islands, and sanctioned jurisdictions are also excluded. NUVA said it will enforce those restrictions through wallet screening and IP address blocking.
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