NUVA's HOME token opens U.S. mortgage credit to offshore investors

NUVA, the real-world asset marketplace created by Animoca Brands and Nuva Labs, launched the HOME token, giving eligible non-U.S. investors exposure to a vault of U.S. home-equity lines of credit (HELOCs) for as little as 1 USDC. The ERC-20 token targets a 7% annual return from loans originated through Figure Technology Solutions, with the target resetting monthly and loan income reflected in the vault's net asset value.

• HOME holders don't own individual loans — they get exposure to a managed pool of Figure-originated HELOCs, with no withdrawal lockup and a first-loss buffer of about 5% of the vault's value.
• Availability is restricted to eligible non-U.S. users; the U.K., Hong Kong, China and the British Virgin Islands are excluded, enforced through wallet screening and IP blocking.
• The first portfolio targets HELOCs with average FICO scores of at least 735 and loan-to-value of no more than 69%; U.S. HELOC balances rose $13 billion in Q2, their 17th straight quarterly increase.

CEO Anthony Moro, a former BNY Mellon executive, said HOME packages an asset class usually accessed through securitizations and private-credit funds into a tradable, composable onchain token.