Animoca NUVA Launches HOME Token, Opening Home Equity Credit Market to Non-U.S. Investors

Animoca Brands and Nuva Labs have launched the HOME token, providing qualified non-U.S. investors with exposure to U.S. home equity lines of credit (HELOC) with a minimum participation of 1 USDC. This ERC-20 token targets an annualized yield of 7%, resetting monthly, with interest income and loan performance reflected in the net asset value of the fund pool, determining the token price. The product has no lock-up period and features a first-loss tranche of approximately 5% of the fund pool value to absorb losses from defaults or forced sales. The underlying assets of HOME are HELOC pools initiated by Figure Technology Solutions. According to Federal Reserve data, the size of HELOCs in the U.S. rose to $460 billion in the second quarter. The CEO of Nuva Labs stated that traditional securitization is primarily aimed at institutional investors, making it difficult for individual investors to enter; HOME presents an asset class demanded by institutions in a more accessible on-chain structure. HOME holders do not directly own the underlying loans but hold tokens corresponding to the exposure of the fund pool. HOME is only available to qualified non-U.S. users, excluding jurisdictions such as the UK, Hong Kong, China, the British Virgin Islands, and sanctioned jurisdictions, with NUVA implementing restrictions through wallet screening and IP address blocking.

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