Woofun AI reports that Black Lake Digital Markets and Nuva Labs have completed the tokenization and trading of a $25 million institutional mortgage loan on the Provenance blockchain. The asset is scheduled to be placed in a dedicated fund pool on NUVA.finance within the coming month.

Each mortgage loan was issued as a non-fungible token, with loan details stored in a restricted-access "data room" limited to authorized partners. A patent-pending verification framework allows investors to confirm compliance and eligibility without accessing borrower data.