NUVAFinance launches HOME, a permissionless DeFi vault for US mortgages

Figure: Figure is a financial technology company specializing in the origination of loans, including mortgages, with a focus on efficient and technology-driven processes. It supplies the underlying US mortgage loans for the HOME vault launched by NUVAFinance. This collaboration integrates Figure's lending capabilities into a decentralized finance product. NUVAFinance: NUVAFinance is a DeFi project developing innovative financial products that bridge traditional assets with decentralized protocols. It has launched HOME as its flagship offering, a permissionless vault designed to hold portfolios of US mortgage loans. The initiative draws on loan origination from established partners to enable direct exposure within DeFi. Partnership: Loans for the vault are originated by Figure and its partners. Risk Management: The vault structure includes a first-loss buffer supporting a monthly fixed policy rate. Product Innovation: HOME represents the first permissionless DeFi vault to directly hold a portfolio of US mortgage loans.