What Provenance Blockchain Foundation does

Provenance Blockchain Foundation is a nonprofit organization founded in 2018 and headquartered in San Francisco that stewards Provenance Blockchain, a public, open-source, proof-of-stake Layer-1 network purpose-built for financial services. The network is built on the Cosmos SDK with the CometBFT consensus engine and includes custom modules — Hold, Markers, Metadata, NFT, On-Chain Exchange, ProvWasm smart contracts, and BlockVault (a privacy-preserving contract execution environment) — that encode financial-services primitives such as conditional asset holding, value markers, and asset lifecycle tracking directly into the base layer. Its primary use cases are tokenizing real-world assets (mortgages, auto loans, solar loans, equipment leases, student loans, and securities) and enabling regulated, secondary trading of those assets; the DART (Digital Asset Registration Technologies) subsidiary provides a blockchain-based lien and eNote registry for mortgage tokenization compliant with ESIGN and UETA laws.

The Foundation does not sell a software product in the traditional sense; instead, it captures value through the HASH native token, which is used for transaction fees (flat, fixed, with no gas-style variability), staking/block rewards, and governance. A portion of network fees is redirected to HASH holders via on-chain auctions, creating a dividend-style revenue loop whose size scales with network usage. YLDS, a U.S. Treasury-backed yield-bearing stablecoin introduced on Solana in late 2024, expands the asset-side product surface, while the tokenomics update in 2025 established HASH lockup/vesting schedules and released ~15B HASH for GTM (market making, recapitalization, exchange listings).

Distribution is multi-pronged and partner-heavy. Figure Technology Solutions acts as the Foundation's operational steward (approved January 2026) and operates Figure Markets, the primary trading venue; institutional access is delivered through Anchorage Digital and BitGo custody; wallet access through Keplr, Cosmostation, Arculus, Leap Wallet, and MetaMask Snap; node infrastructure via Blockdaemon, Figment, Validation Cloud, and Zeeve; and cross-chain interoperability via IBC, Wormhole, and Axelar. The Foundation runs The Foundry Builder's Program to incubate developers and engages the community through Discord, Telegram, X/Twitter, LinkedIn, GitHub, and a beehiiv newsletter. The network reports approximately $26.6B in Total Value Locked (with a $15.0B alternative figure from the same primary source), 100 active validators at capacity out of 125 candidates, and a HASH fully diluted valuation of approximately $2.6B at a token price of roughly $0.009.

Name

Provenance Blockchain Foundation

Legal name

Provenance Blockchain Inc

Website

https://provenance.io

Company type

Private

Founded year

2018

Operating status

Operating

Short description

Provenance Blockchain Foundation (founded 2018, San Francisco) is a nonprofit that stewards Provenance Blockchain, a Cosmos SDK-based proof-of-stake Layer-1 purpose-built for tokenizing real-world financial assets. It serves financial services institutions, developers, and investors via the HASH token, DART mortgage registry, and Figure Markets–led ecosystem.

Ownership category

akta.pro rank

Product category

Blockchain Infrastructure

NAICS

Securities and Commodity Exchanges (52321), Funds, Trusts, and Other Financial Vehicles (525), Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320)

SIC

Security & Commodity Brokers, Dealers, Exchanges & Services (6200), Asset-Backed Securities (6189), Finance Services (6199)

akta.pro primary industry

Tokenization Platforms (RWA, Securities, Funds) (FSAGAMAA)

akta.pro secondary industries

Private Credit & Loan Tokenization Platforms (FSADAEAD), Regulatory Reporting, Tax & Audit Trails (reconciliation, provenance) (FSAPAJAI), Compliance, Risk & RegTech for Tokenized Assets (KYC/AML, sanctions, travel rule, reporting) (FSAPAIAH), On-Chain Payments & Stablecoin Infrastructure (Issuance, Rails, Treasury) (FSAGAMAD), Interoperability & Integration Middleware (ERP/core banking connectors, messaging, APIs, cross-chain to permissioned) (FSAPAIAL)

Keywords

• Blockchain infrastructure
• Asset tokenization
• Decentralized finance
• Real-world assets
• Smart contracts

Headquarters

HQ city

San Francisco

HQ country

United States

HQ region

North America

Markets served

GTM type

B2B

Offering type

Software

Cost components

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

Revenue model

1. Transaction Fees (HASH): HASH token is used to pay for transaction fees on the network. The fees are flat and fixed (no unpredictable gas), with a portion redirected to HASH holders through on-chain auctions creating a dividend-style return.
2. Staking Rewards: Validators and delegators earn block rewards (via inflation) and transaction fees. A 2% tax on fees goes to the reserve pool. Validators can charge commission on delegators' rewards.
3. On-Chain Auctions: A portion of fees are redirected to HASH holders through on-chain auctions, creating a dividend-style system that grows with network usage.

Go-to-market motion3 records

Distribution channels6 records

Marketing channels9 records

Core offering

Provenance Blockchain Foundation operates a public proof-of-stake blockchain network purpose-built for financial services, built on Cosmos SDK and CometBFT consensus. The platform enables tokenization of real-world assets (mortgages, auto loans, securities), provides native modules for asset management, compliance, and trading, and supports smart contracts via ProvWasm. Its ecosystem includes the HASH utility/governance token, the YLDS Treasury-backed stablecoin, and the DART lien/eNote registry for mortgage tokenization.

Product overview

Provenance Blockchain Foundation operates a public proof-of-stake blockchain platform purpose-built for financial services, built on Cosmos SDK and CometBFT consensus. The core offering consists of the Provenance Blockchain network itself, supplemented by native tokens HASH (utility/governance) and YLDS (U.S. Treasury-backed stablecoin). The platform includes specialized modules for financial services: Hold Module (conditional asset holding), Markers Module (tokenized asset management), Metadata Module (asset lifecycle tracking), NFT Module (asset origination), and a built-in On-Chain Exchange for asset trading. Supporting infrastructure includes BlockVault for confidential client-side contracts, ProvWasm for smart contracts, and DART for mortgage/asset lien registries. Access is provided through Figure Markets, Keplr Wallet, Provenance Pulse, and The Foundry Builder's Program for developer ecosystem growth. The ecosystem also includes interoperability via IBC, Wormhole, and Axelar.

Differentiator

Problem solved

Functional benefit

Brands

• DART: Digital Asset Registration Technologies - a blockchain-based lien and eNote registry system for tokenizing real-world mortgage assets and other controllable asset classes.
• Provenance Pulse
• The Foundry
• HASH
• YLDS

Products and services

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

Quantifiable outcome

• Tokenized mortgage assets can be traded instantaneously between counterparties on-chain
• +2 more outcomes

Named customers2 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

Integration16 records

Feature8 records

Partnerships

22 partnerships are on record, tiered flagship and core.

• RWA Consortium (Figure-led)flagshipStrategic or Co-development Partner · 4 December 2025Consortium launched by Figure Technology Solutions on Solana to expand on-chain loan originations and facilitate real-world yield, supporting PRIME token and multi-chain interoperability.
• NAV LendcoreStrategic or Co-development Partner · 20 August 2024Partner in RWA fund issuance enabling fund interests to be used as collateral for loans on Provenance Blockchain.
• AnChain.AIcoreTechnology or IntegrationSecurity and compliance partner providing AI-powered blockchain security analytics and smart contract auditing for the Provenance ecosystem.
• Anchorage DigitalcoreTechnology or IntegrationInstitutional-grade digital asset custody platform enabling secure storage of assets on Provenance Blockchain.
• ArculuscoreTechnology or IntegrationDigital wallet and custody solution providing hardware wallet integration for Provenance Blockchain users.
• AxelarcoreTechnology or IntegrationCross-chain communication network enabling token transfers and interoperability between Provenance and other blockchains.
• BitGocoreTechnology or IntegrationInstitutional digital asset custody and security platform providing wallet infrastructure for Provenance assets.
• BlockdaemoncoreTechnology or IntegrationNode infrastructure provider enabling easy deployment and management of Provenance Blockchain nodes.
• FigmentcoreTechnology or IntegrationValidator services and staking infrastructure provider offering node operations and delegation services for Provenance.
• Figure MarketsflagshipStrategic or Co-development PartnerPrimary marketplace and trading platform for HASH token, DeFi services, and ecosystem applications. Figure Technology Solutions also serves as operational steward for the Provenance Foundation.
• IBC (Inter-Blockchain Communication)coreTechnology or IntegrationCanonical token transfer protocol enabling tokens to maintain identity across chains with verification and consistency.
• KeplrcoreTechnology or IntegrationPopular Cosmos ecosystem wallet enabling HASH staking, governance participation, and asset management for Provenance users.
• Nuva LabsflagshipStrategic or Co-development PartnerIndependent company providing tokenization, node services, and reporting solutions. Formerly part of Provenance Foundation, partnered for fund issuance and RWA development.
• OsmosiscoreTechnology or IntegrationDEX and liquidity platform in the Cosmos ecosystem enabling HASH token trading and liquidity provision.
• WormholecoreTechnology or IntegrationCross-chain protocol enabling token transfers and interoperability between Provenance and multiple blockchain networks.
• Validation CloudcoreTechnology or IntegrationNode infrastructure and API services provider offering enterprise-grade Provenance node operations.
• ZonescancoreTechnology or IntegrationExplorer and analytics platform providing Provenance Blockchain network visualization, validator monitoring, and governance tracking.
• EllipticcoreTechnology or IntegrationBlockchain analytics and compliance partner providing AML/sanctions screening for Provenance transactions.
• FinClusivecoreTechnology or IntegrationCompliance and regulatory technology partner providing KYC/AML solutions for financial services on Provenance.
• DARTcoreStrategic or Co-development PartnerDigital Asset Registration Technologies - blockchain-based lien and eNote registry system built on Provenance for mortgage tokenization.
• CosmostationcoreTechnology or IntegrationWallet and staking services provider offering HASH token management and validator delegation.
• Leap WalletcoreTechnology or IntegrationMobile and browser wallet supporting HASH tokens, staking, and governance participation on Provenance.

Scale indicators10 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Sei Network: Sei is a Cosmos SDK-based L1 optimized for trading and asset issuance, with native order-matching and parallelization. It targets similar financial-services and asset-tokenization workloads as Provenance within the same Cosmos/IBC ecosystem.
• Avalanche: Avalanche is a public L1 with subnets and strong focus on tokenization and real-world assets, with significant institutional finance partnerships. It competes directly with Provenance for RWA issuance and on-chain capital markets workloads.
• Kava: Kava is a Cosmos-co-designed L1 combining an EVM execution layer with Cosmos SDK modules, focused on DeFi and emerging-asset markets. It competes with Provenance for developer mindshare in Cosmos-native financial applications.
• Injective: Injective is a Cosmos SDK-based L1 built for derivatives and on-chain financial markets, with order books and DeFi primitives. It overlaps directly with Provenance's on-chain exchange, NFT/asset modules, and financial services positioning.

Emerging players

• Maple Finance: Maple is a blockchain-based credit marketplace focused on institutional and undercollateralized lending, competing with Provenance's loan/mortgage tokenization story (e.g., DART) for tokenized private credit.
• Ondo Finance: Ondo Finance tokenizes U.S. Treasuries and yield-bearing instruments and deploys across multiple chains, overlapping with Provenance's RWA focus and the YLDS Treasury-backed stablecoin product.

Broad incumbents

• Stellar Development Foundation: Stellar is a public, non-profit-supported blockchain purpose-built for payments, tokenized assets, and financial inclusion. It competes with Provenance in regulated asset issuance and cross-border financial flows for institutional partners.
• Ripple / XRP Ledger: Ripple and the XRP Ledger target regulated financial services including tokenization, payments, and on-chain liquidity for institutional issuers. They overlap with Provenance's regulated RWA and stablecoin/payments ambitions.
• Hedera: Hedera is a public enterprise-grade distributed ledger offering tokenization services and governed by a council of major corporations. It competes with Provenance in regulated financial services use cases (tokenization, asset issuance) but as a broader incumbent with hashgraph consensus rather than financial-services-specialized modules.
• Polygon Labs: Polygon provides Ethereum-scaling infrastructure and the Polygon CDK for app-chains, and has aggressively targeted regulated tokenization (RWA, securities, payments) with major institutional partners. It competes with Provenance as a high-throughput, compliance-friendly L1/L2 for financial services.

Market position

Strengths5 records

Weaknesses4 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

Profiles1 record

Subsidiaries2 records

Funding overview

Funding rounds

Investors

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

M&A

Investments2 records

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

Frequently asked questions about Provenance Blockchain Foundation