Provenance Blockchain

What Provenance Blockchain does

Provenance Blockchain Inc, founded in 2018 and headquartered in San Francisco, operates a public, open-source proof-of-stake blockchain built on the Cosmos SDK and CometBFT consensus engine that is purpose-built for financial services and Real-World Asset (RWA) tokenization. The platform combines a Financial Ledger, an NFT-based Asset Registry, and a built-in On-Chain Exchange, supported by domain-specific modules (Metadata, Marker, Hold, Name), ProvWasm smart contracts, and the BlockVault off-chain contract execution environment for privacy-preserving data sharing. Its flagship product is the DART lien and eNote registry, which acts as a blockchain alternative to MERS and enables fully digital mortgage origination, tracking, and secondary trading. The ecosystem is anchored by the HASH utility/governance token, the YLDS yield-bearing stablecoin, and a network reporting approximately $26.4 billion in Total Value Locked.

The business model is foundation-governed and token-driven rather than SaaS-based: there are no direct product or service fees, with economic activity flowing through HASH transaction (gas) fees, staking rewards, on-chain auctions, and validator economics. Revenue-bearing operating activity has been spun out into related entities — notably Nuva Labs (carved out in August 2024 for RWA fund issuance) and Figure Markets (now providing operational stewardship of the Foundation following a January 2026 community governance vote). The target customer base is institutional: banks, lenders, mortgage servicers, asset managers, and fintech firms building tokenized mortgage, private credit, and fund-of-fund products on-chain, supported by a developer community cultivated through The Foundry Builder's Program. Headcount remains lean at 11–50 employees, consistent with a foundation-led open-source project rather than a traditional high-growth software company.

Name

Provenance Blockchain

Legal name

Provenance Blockchain Inc

Website

https://provenance.io

Company type

Private

Founded year

2018

Operating status

Operating

Headcount range

11–50 employees

Short description

Provenance Blockchain is a public proof-of-stake blockchain, built on Cosmos SDK, purpose-built for financial services and Real-World Asset tokenization including mortgage loan origination and trading, serving institutional lenders, asset managers, and fintech developers via the HASH token and DART registry.

Ownership category

akta.pro rank

Product category

Blockchain Infrastructure

NAICS

Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320), Securities and Commodity Exchanges (523210)

SIC

Finance Services (6199)

akta.pro industry

PRIMARYFSAGAMAA

Tokenization Platforms (RWA, Securities, Funds)

Financial & Insurance/Financial Technology (Fintech)/Blockchain & Web3 Financial Infrastructure (Tokenization, Custody Tech)

SECONDARYFSAPAIAH

Compliance, Risk & RegTech for Tokenized Assets (KYC/AML, sanctions, travel rule, reporting)

Financial & Insurance/Blockchain & Web3/Enterprise Blockchain & Tokenization (permissioned networks, RWA tokenization)

SECONDARYFSAPAIAK

Trade Finance & Supply Chain Tokenization (invoices, bills of lading, provenance)

Financial & Insurance/Blockchain & Web3/Enterprise Blockchain & Tokenization (permissioned networks, RWA tokenization)

SECONDARYFSAPAIAL

Interoperability & Integration Middleware (ERP/core banking connectors, messaging, APIs, cross-chain to permissioned)

Financial & Insurance/Blockchain & Web3/Enterprise Blockchain & Tokenization (permissioned networks, RWA tokenization)

SECONDARYFSADALAB

Blockchain Analytics & Transaction Monitoring

Financial & Insurance/Crypto & Digital Assets/Compliance, AML/KYC, Risk & Forensics (Crypto)

Keywords

• Blockchain infrastructure
• RWA tokenization
• Decentralized finance
• Digital asset registry
• Proof-of-stake network

Headquarters

HQ city

San Francisco

HQ country

United States

HQ region

North America

Markets served

GTM type

B2B

Offering type

Software

Cost components

Technology or R&D, Personnel, Infrastructure, Marketing or Sales, Operations

Revenue model

1. Network Transaction Fees (Gas Fees): HASH token serves as the native utility token powering the network. Validators and delegators earn revenue through block rewards (token inflation) and transaction fees denominated in HASH. Transaction fees are collected for on-chain transactions including asset creation, transfers, and smart contract execution.
2. HASH Token Utility: HASH is used for governance (staking to vote on proposals with minimum 50,000 HASH deposit), network security (proof-of-stake staking), and settlement. A portion of fees are redirected to HASH holders through on-chain auctions creating a dividend-style system. The token's utility drives demand from validators, delegators, and governance participants.

Go-to-market motion2 records

Distribution channels5 records

Marketing channels9 records

Core offering

Provenance Blockchain is a public, open-source proof-of-stake blockchain built on the Cosmos SDK framework and CometBFT consensus engine, purpose-built for financial services. It provides a Financial Ledger, Asset Registry (NFT and asset origination modules), and a built-in On-Chain Exchange, enabling banks, lenders, asset managers, and fintechs to tokenize real-world assets such as mortgages, manage digital records, and settle transactions on-chain with native modules for Metadata, Marker, Hold, and Name functions.

Product overview

Provenance Blockchain is a public proof-of-stake blockchain network built on Cosmos SDK and CometBFT, purpose-built for financial services and Real-World Asset (RWA) tokenization. The core platform provides three foundational capabilities: a Financial Ledger for transactions and record-keeping, an Asset Registry for creating/managing digital assets via NFT modules (DART, Markers, Metadata), and an On-Chain Exchange for asset trading. The ecosystem includes native tokens HASH (utility/governance) and YLDS (yield-bearing stablecoin), plus developer tools (ProvWasm smart contracts, BlockVault Contract Execution Environment, Hold Module). Key applications include DART for mortgage lien/eNote registry, Figure Markets for trading, and Nuva Labs for RWA fund tokenization. The Foundry provides builder incubation, while on-chain governance (Provenance Governance System) enables HASH holders to vote on proposals. Analytics are accessible via Provenance Pulse and Zonescan Explorer.

Differentiator

Problem solved

Functional benefit

Brands

• HASH: Native utility token of Provenance Blockchain powering governance, settlement, and rewards
• YLDS
• DART

Products and services

• Provenance Blockchain Core Platform
• HASH Token
• YLDS Stablecoin
• DART (Digital Asset Registration Technologies)
• Provenance Pulse
• Provenance Explorer (Zonescan)
• The Foundry Builder's Program

Quantifiable outcome

• Real-time loan ownership verification eliminating the possibility of double pledging
• +2 more outcomes

Named customers3 records

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration18 records

Feature9 records

Partnerships

Six partnerships are on record, tiered core and minor.

• Nuva LabscoreStrategic or Co-development Partner · 2 August 2024Nuva Labs launched as an independent company following a carve-out from Provenance Blockchain Foundation in August 2024. Co-creator June Ou assumed Interim Executive Director role at the Foundation while Anthony Moro leads Nuva Labs as CEO. Nuva Labs partnered with Black Lake Digital Markets and Figure Markets for RWA fund issuance on Provenance Blockchain, introducing unique capabilities including using fund interests as collateral for loans.
• Figure Technologies / Figure MarketscoreStrategic or Co-development PartnerFigure Technologies operates Figure Markets platform and provides operational stewardship to the Provenance Blockchain Foundation following January 2026 governance vote. The company is the primary ecosystem participant building mortgage and lending applications on Provenance, and committed to burning up to 25% of its HASH position and supporting tokenomics redesign.
• Black Lake Digital MarketscoreStrategic or Co-development PartnerBlack Lake Digital Markets partnered with Nuva Labs to complete $25 million tokenization of institutional mortgage loans on Provenance Blockchain. This represented the first end-to-end onchain minting and transfer of originated mortgage loans, seeding a dedicated Black Lake vault on NUVA.finance.
• NAV LendminorStrategic or Co-development PartnerNAV Lend partnered with Nuva Labs and Figure Markets in August 2024 to revolutionize real-world asset fund issuance and investing on Provenance Blockchain, introducing unique capabilities for using fund interests as collateral for loans.
• IBC (Inter-Blockchain Communication)coreTechnology or IntegrationIBC protocol enables canonical token transfers across ecosystems so that tokens maintain identity across chains - always verifiable and consistent. Provenance is IBC-enabled for cross-chain interoperability.
• DART (Digital Asset Registration Technologies)coreTechnology or IntegrationDART is a blockchain-based lien and eNote registry built on Provenance, serving as a blockchain alternative to MERS. Enables lenders to originate loans as fully digital assets and trade them instantaneously on Provenance blockchain as digital tokens.

Scale indicators8 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Centrifuge: Real-world asset protocol on Substrate/Polkadot for tokenizing invoices, mortgages, and private credit — overlaps Provenance's mortgage and private credit tokenization thesis.
• Ondo Finance: Tokenization platform focused on tokenized U.S. Treasuries and yield-bearing RWAs, targeting the same institutional issuer base as Provenance with comparable compliance-aware architecture.
• Polymath: Security token platform offering issuance, compliance, and lifecycle management for tokenized securities — comparable regulated-asset tooling to Provenance's Marker module.
• Securitize: Enterprise tokenization platform for securities, funds, and other regulated RWAs; competes directly for institutional mandates and uses blockchain rails for issuance, transfer, and compliance.

Regional players

• Figure Technologies: Blockchain-native lending and capital-markets platform operating DART and Figure Markets on Provenance; not a chain competitor but the most strategically entangled peer, serving as the ecosystem's primary issuer and now operational steward.

Emerging players

• Maple Finance: On-chain credit market protocol for institutional lending, overlapping Provenance's private-credit tokenization use case with comparable compliance and yield primitives.

Others

• Chainlink: Oracle and data infrastructure layer providing proof-of-reserve, attestation, and cross-chain messaging for RWA issuers — adjacent enabling technology used by many of the same institutional clients Provenance targets.

Broad incumbents

• Avalanche: High-throughput L1 with explicit RWA subnet strategy (e.g., Spruce, Intain) and significant institutional tokenization deployments, competing for the same financial-services workloads.
• Mantle: Ethereum L2 with an RWA-focused treasury and ecosystem; offers institutional issuers deeper EVM DeFi liquidity and developer scale than Provenance's Cosmos-based stack.
• Polygon: Ethereum scaling ecosystem with a dedicated Polygon Labs RWA focus and major institutional pilots (e.g., JPMorgan, BlackRock tokenized funds); a broader, better-capitalized alternative.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/provenancefdn
• GitHubgithub.com/provenance-io
• LinkedInlinkedin.com/company/provenance-blockchain

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Subsidiaries2 records

Funding overview

Funding rounds3 records

Investors6 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Provenance Blockchain