Provenance
ClaimProvenance Blockchain is a public blockchain network designed specifically for the tokenization of real-world financial assets.
Key numbers · TVL $164M · per DefiLlama · updated Sep 23
Overview
Provenance Blockchain provides infrastructure for converting traditional financial assets — such as loans, funds, stocks, and bonds — into digital tokens recorded on-chain. Financial institutions and asset managers use it to issue, transfer, settle, and collateralize digitally-native securities. The network has reported over $12 billion in financial asset value locked on-chain and more than $30 billion in supported transactions. It positions itself as a replacement for traditional, fragmented systems of record in capital markets.
Recent activity
Has more than $8B in real-world financial asset value locked on-chain as of July 2023
Nuva Labs carved out as independent company from Provenance Blockchain Foundation.
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June Ou becomes interim Executive Director of Provenance Blockchain Foundation while a permanent search continues.
Anthony Moro named first CEO of Nuva Labs, transitioning from Provenance Blockchain Foundation's Acting CEO role.
Nuva Labs appointed co-lead investors for its seed stage financing round, expected to close by end of Q3 2024.
Figure lending platform on Provenance reduces loan processing time by 80%
Has over $12 billion in financial asset value locked on-chain and $30 billion in supported transactions
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Enables investors to use fund interests as collateral for loans via NAV Lend
Figure is the #1 non-bank home equity line of credit in the U.S, serving over 160K households
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DART loan registry used by over half of top 20 independent mortgage banks including Goldman Sachs, Jefferies, Deutsche Bank
Wants hackers, founders and innovators to join the Foundry–YLDS Builders Guild
Earlier
Integrates with AnChain.AI, Elliptic, and FinClusive for on-chain AML monitoring.
Has over $8B in real-world financial asset value locked on-chain as of July 2023
Onyx by JP Morgan leverages Provenance Blockchain for real-time, atomic swaps across multiple blockchains.
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Has over $11 billion in tokenized assets on-chain.
Now supports a Hold Module built directly into the protocol, reducing need for smart contracts
