Black Lake Tokenizes $25M Mortgages on Provenance Blockchain

According to an April 29 announcement, Black Lake Digital Markets and Nuva Labs completed the tokenization of $25 million in institutional residential mortgages on the Provenance blockchain. The tokenized assets will serve as collateral for a dedicated vault on NuvaFinance, a decentralized finance platform built within the Provenance ecosystem. The transaction showcases how institutional-grade financial products are increasingly moving on-chain, with Provenance having already facilitated over $23 billion in tokenized assets.
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