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About Nest BlackOpal LiquidStone II Vault
Analysis of 25 Jul 2026Nest BlackOpal LiquidStone II Vault, or nOPAL, is a yield-bearing RWA share token backed mainly by FX-hedged, short-dated Brazilian credit-card receivables. Nest documentation dated July 15, 2026 reported $33.67 million TVL, an 11.8% trailing 30-day yield, and a four-day redemption estimate.
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The portfolio held 88.2% in LiquidStone by BlackOpal, 6.14% in the Nest Treasury Vault, and 5.62% in liquid assets; a Nest Basis allocation was also listed without a published weight. Cash flows are reinvested, so returns accrue through nOPAL NAV rather than a separate distribution.
CoinGecko showed the token near $1.08, about $46.2 million market capitalization, 42.8 million issued and circulating shares, and only about $150 of tracked daily exchange volume on July 25.
