CoinDesk
A former Bank of New York Mellon executive has launched NUVA, a new venture built on the thesis that tokenization will fundamentally restructure Wall Street's financial infrastructure. The move signals growing conviction among TradFi insiders that on-chain settlement and programmable assets are no longer a distant experiment but an imminent operational reality.
BNY Mellon has itself been one of the more forward-leaning custodians on digital assets, making the founder's pedigree a credibility signal for institutional counterparties NUVA will need to court. The launch adds to a wave of tokenization-focused startups drawing senior talent away from legacy finance — a pattern that historically precedes meaningful capital formation in a new infrastructure layer.
The broader tokenization market, which includes real-world assets from Treasuries to private credit, has seen accelerating…
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