Ex-Bank Executive Launches Platform to Turn Real Assets into Digital Tokens

A former executive from one of America's oldest banks is betting that the future of Wall Street will be completely digital.

Anthony Moro, who worked at BNY Mellon (a major U.S. bank) for 22 years, just launched a new company called NUVA. The platform already has nearly $19 billion worth of real-world assets that have been turned into digital tokens (think of tokens as digital certificates of ownership, like having a digital deed to your house).

Here's what NUVA is doing in simple terms: • Converting real assets into digital form - They're taking things like home loans and U.S. government bonds (safe investments backed by the government) and turning them into digital tokens • Making investments accessible globally - People anywhere in the world with just a crypto wallet (a digital app for storing cryptocurrencies) can now invest in U.S. assets • Operating 24/7 - Unlike traditional banks that close on weekends, this platform runs all the time

The most interesting product is what Moro calls a "yield-bearing stablecoin" - essentially a digital dollar that pays you interest, registered with the SEC (the U.S. agency that regulates investments). This is different from regular stablecoins (cryptocurrencies pegged to the dollar) because it's officially registered as a security (a regulated investment).

Moro believes that "every single financial asset in the entire world is going to be tokenized over the next decade." If he's right, this could mean buying stocks, bonds, or even real estate could become as easy as sending an email.

The big question is whether traditional investors and regulators will embrace this digital transformation of Wall Street.

This is an AI-generated summary. Read the original article at: https://www.coindesk.com/news-analysis/2026/05/19/former-bny-exec-launches-nuva-bets-tokenization-will-remake-wall-street