Figure and Hastra widen DeFi credit offering with auto loan launch
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Figure Technology is adding auto loans to Democratized Prime and extending Hastra beyond Solana, widening tokenized consumer credit access for DeFi investors.
Update (April 15, 7:50 am UTC): This article has been updated to add more comments from Figure spokesperson.
Blockchain-based lender Figure Technology Solutions and Hastra, its onchain credit platform, are adding auto loans to their tokenized credit marketplace, broadening the real-world assets (RWAs) available to decentralized finance (DeFi) investors beyond home equity products.
Democratized Prime, a decentralized lending marketplace on Figure Markets, is adding auto finance as its first new asset class as part of its plan to build a marketplace where different types of consumer credit can be issued, traded and funded onchain, according to a Tuesday announcement shared with Cointelegraph.
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