Black Lake, Nuva Labs tokenize $25M in mortgages

Black Lake Digital Markets and Nuva Labs have tokenized $25 million in institutional residential mortgages on the open-source public blockchain Provenance, The Block reported. The asset will be used as the underlying collateral for a dedicated Black Lake vault to be established on NuvaFinance. The Provenance blockchain is a Layer 1 network specializing in financial services and has onboarded over $23 billion in real-world assets (RWA) to date.