Provenance Blockchain Tokenizes $25M in Institutional Mortgages

Black Lake Digital Markets and Nuva Labs have successfully tokenized $25 million in institutional residential mortgages on the Provenance blockchain.

The move marks a significant step in real-world asset (RWA) tokenization, where traditional financial instruments are represented on a blockchain to improve liquidity, transparency, and efficiency.

Provenance is an open-source Layer 1 network specifically designed for financial services, with over $23 billion in RWAs already onboarded.