Black Lake Digital Markets and Nuva Labs Tokenize and Trade $25M Institutional Mortgage Loans on Provenance Blockchain

Black Lake Digital Markets and Nuva Labs said they completed the tokenization and trading of $25 million in institutional mortgage loans on the Provenance blockchain. Each mortgage was minted as an NFT, with loan data kept in a permission restricted data room for authorized review. The asset is expected to launch a dedicated vault on NUVA.finance within a month.