Figure Technology Solutions (Nasdaq: FIGR) and its specialized platform Hastra have announced the addition of auto loans to their growing lineup of on-chain credit products. This expansion broadens access for decentralized finance participants beyond traditional home equity offerings, marking a move into mainstream consumer lending. The latest development positions Figure as a Fintech focused on bridging traditional finance with blockchain tech advancements, building on its earlier efforts focused on mortgage-backed assets.
The initiative centers on Democratized Prime, Figure Markets’ decentralized lending marketplace.
Auto financing will serve as the inaugural addition to its asset classes, enabling various forms of consumer credit to be originated, traded, and funded directly on the blockchain.
According to Michael Tannenbaum, CEO of Figure, the company has deliberately prepared for this milestone, having already facilitated more than $22 billion in on-chain loan originations through its established infrastructure.
This latest move tests the viability of tokenized private credit in consumer segments that extend past secured real estate products, potentially unlocking fresh yield opportunities for DeFi while introducing familiar credit risks associated with non-prime lending.
Hastra, which Figure introduced in 2025 with a full public launch later that year, originated as an extension of the parent company’s robust lending and underwriting systems.
Initially deployed on the Solana blockchain, the platform was designed to bring verifiable real-world credit onto decentralized networks.
Now, Hastra is broadening its reach by integrating with Ethereum-compatible environments, also known as EVM chains.
This shift will expose a wider DeFi user-base to its existing home equity portfolios while paving the way for new products.
The auto loan rollout will begin on Solana, with Ethereum integration scheduled for approximately June, aligning with the company’s strategy to scale across multiple high-liquidity networks.
Analysts view the announcement as further evidence of Figure’s momentum in the RWA sector.
The company completed its public listing on Nasdaq under the ticker FIGR on September 11, 2025.
In early April 2026, research firm Bernstein highlighted the firm’s tokenized lending growth—March originations exceeded $1.2 billion, with first-quarter totals reaching $2.9 billion—issuing an “Outperform” rating and a $67 price target, roughly double the recent share price.
Despite a 12 percent year-to-date decline in stock value, these metrics underscore sustained expansion in blockchain-based credit markets.Industry observers note both the promise and the challenges ahead.
While tokenized auto loans could democratize access to higher-yielding consumer debt, non-prime segments historically experience elevated default rates during economic slowdowns.
Concerns still remain regarding regulatory oversight, on-chain transparency, and resilience during market stress.
Nonetheless, the phased expansion from mortgages to vehicles and from Solana to Ethereum signals Figure’s ongoing focus on effectively scaling tokenized credit. With additional asset classes reportedly in development, the company appears poised to capture a larger share of the RWA sector.