ProvLabs, a blockchain infrastructure provider, has outlined ambitious goals following the completion of its seed funding round in December 2024. The company plans to double the value of tokenized assets on the Provenance blockchain to over $25 billion by the end of 2025. The funding round, which marked ProvLabs’ separation from the Provenance Blockchain Foundation, was led by Morgan Creek Digital and GateCap Ventures.
Morgan Creek Digital’s general partner, Sachin Jaitly, noted that blockchain technology is poised to revolutionize financial markets by bringing real-world assets on-chain. ProvLabs’ CEO, Anthony Moro, emphasized the transformative potential of blockchain, likening its progression to significant milestones in financial history, such as the early days of physical trading certificates at the New York Stock Exchange.
Tailored Blockchain for Finance
Moro highlighted that the Provenance blockchain offers a competitive edge as it was specifically designed for financial services. Unlike generic blockchains that require a complex stack of smart contracts, Provenance incorporates smart contract functionality directly into its core protocol, reducing risks associated with interoperability and code maintenance. Moro pointed out that this integrated approach provides a robust foundation for global financial operations.
ProvLabs envisions a future where trillions of dollars in real-world assets are tokenized and seamlessly integrated into financial systems. The platform aims to create a more equitable, cost-efficient, and secure financial ecosystem over the next decade.
Growth in Tokenized Assets
Recent market data highlights the growing adoption of tokenized real-world assets. Coinbase Institutional’s 2025 Crypto Outlook reported a 60% growth in tokenized assets, reaching $13.5 billion by December 2024. On-chain US Treasuries experienced significant growth, with their value tripling to $2.6 billion. Despite this progress, Moro argued that truly revolutionary blockchain products focus on illiquid asset classes, making them more accessible by reducing reliance on intermediaries.
An example of this innovation is Figure Technologies, which uses the Provenance blockchain to digitize Home Equity Line of Credit (HELOC) loans, achieving cost savings of approximately 0.125 basis points per loan. Moro emphasized that such savings, applied to traditionally cumbersome processes like mortgages, represent a significant advancement in the financial sector.
Innovative Solutions for Data Integration
ProvLabs offers solutions like BlockVault, which integrates on-chain and off-chain data for secure handling of sensitive information. This includes recording data points such as video notary sessions, which are tied to NFTs representing loans. The system allows mortgage buyers to access comprehensive records seamlessly, streamlining traditionally labor-intensive processes.
According to Moro, approximately 20% of HELOC issuers currently use the Provenance blockchain, making it a leading asset class disrupted by blockchain technology. Figure Technologies alone issues $650 million in tokenized home loans monthly, surpassing the output of the rest of the tokenized market combined.
Pioneering Stablecoin Innovation
ProvLabs is also advancing stablecoin technology, with Figure Technologies filing for SEC approval for a yield-generating stablecoin. Moro described this development as a game-changer for 2025, enabling secure and yield-bearing financial products that could reshape global financial services. Stablecoins, which offer stable pricing by pegging their value to assets like fiat currencies, are widely used for seamless value transfer but have yet to provide yields.
Future Outlook for Blockchain in Finance
Fidelity Digital Assets predicted continued growth in tokenized assets, projecting that the total value could reach $30 billion by the end of 2025. Financial institutions are expected to expand blockchain usage, incorporating traditional assets such as bonds and funds into decentralized systems.
Moro shared his vision of a fully on-chain financial ecosystem where investors could trade various assets, including public equities and cryptocurrencies, within a secure wallet they control. He predicted that by the end of 2025, Provenance’s total value locked (TVL) would surpass $25 billion, with further expansion into insurance and home equity investments. Additionally, he anticipated the listing of Provenance’s native token, HASH, on centralized exchanges.
By tackling key inefficiencies and unlocking new opportunities in digital finance, ProvLabs is positioning itself as a leader in the next wave of blockchain innovation.
