Gate News message, April 15 — Blockchain lending platform Figure Technology and its on-chain credit platform Hastra have officially integrated auto loans into their tokenized credit market, according to Cointelegraph. The move expands the range of real-world assets (RWA) accessible to decentralized finance (DeFi) investors.
Democratized Prime, Figure Markets’ decentralized lending marketplace, has introduced auto finance as a new asset class for the first time. Hastra announced its expansion to Ethereum-compatible chains (EVM chains), with plans to launch auto loan products on Solana first, followed by an Ethereum rollout expected in June.
Figure CEO Michael Tannenbaum disclosed that the platform has generated over $22 billion in on-chain loans to date. Analysts have given Figure’s tokenized lending business an “outperform” rating with a $67 price target, citing significant growth.
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