Figure Technology partners with Hastra to launch on-chain auto loans, expanding DeFi credit assets

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Deep Tide TechFlow News. April 15, according to Cointelegraph, blockchain lending platform Figure Technology and its on-chain credit platform Hastra have officially incorporated auto loans into their tokenized credit marketplace, further enriching the real-world asset (RWA) categories available to decentralized finance (DeFi) investors. Democratized Prime, as Figure Markets’ decentralized lending marketplace, has for the first time launched automotive finance as a new asset class. Hastra also announced expansion to Ethereum-compatible chains (EVM chains), planning to first roll out auto loan products on Solana, with an expected launch on Ethereum in June. As Figure CEO Michael Tannenbaum said, the platform has generated more than $22 billion in on-chain loans to date. Analysts believe Figure’s tokenized lending business is growing significantly and have issued a “beat the market” rating with a target price of $67.

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