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Figure is expanding tokenized real world assets beyond Treasuries and private credit by bringing exposure to the $1.6 trillion US auto loan market into decentralized finance through a new integration powered by Chainlink. The launch introduces tokenized auto loan backed markets on Solana, giving DeFi participants access to a consumer credit asset class that has traditionally been reserved for banks, asset managers, and institutional investors.
The product is built around Hastra’s new AUTO markets, which are backed by US auto loans originated by Figure and sourced through fintech lending platform Agora Data. The tokenized loans are delivered onchain using Figure Forge, while Chainlink Data Streams provide real time loan performance data to smart contracts.
NEW: @Figure is bringing the $1.6+ trillion U.S. auto loan market to DeFi, powered by Chainlink.
Backed by auto loans from Figure, @HastraFi’s AUTO markets are now live and secured by Chainlink Data Streams on @kamino. https://t.co/SzOjwZwJ17 pic.twitter.com/S88MYJPeOB
— Chainlink (@chainlink) July 29, 2026
The launch represents another step in the rapid expansion of the tokenized real world asset sector. While blockchain projects initially focused on tokenizing government bonds, money market funds, and private credit, Figure is applying the same infrastructure to consumer finance.
Auto loans are one of the largest lending markets in the United States, with outstanding balances exceeding $1.6 trillion. Until now, exposure to those loans has largely been available through banks, securitizations, and institutional investment products rather than permissionless financial markets.
Figure said Agora Data is the first external lending partner to use Figure Forge, a platform announced in late 2024 to tokenize financial assets and connect them to blockchain based capital markets. Once loans are tokenized, investors can gain exposure through DeFi instead of relying solely on traditional securitization channels.
Chainlink plays a central role by supplying real time loan information through its Data Streams infrastructure.
Unlike tokenized Treasury products that primarily require pricing information, auto loans generate continuous updates as borrowers make repayments, loans mature, or delinquencies occur. Chainlink’s oracle network delivers those offchain events to smart contracts, allowing DeFi applications to value positions using current loan performance rather than static snapshots.
The AUTO markets now live on Kamino Finance, one of Solana’s largest decentralized finance platforms, creating a new yield source backed by real consumer credit instead of crypto native collateral.
The launch reflects a broader trend in tokenization. Over the past year, institutions have brought money market funds, private credit, commodities, and even alternative assets onto blockchain networks.
Earlier this week, Jurassic Finance announced plans to tokenize a museum grade Triceratops skull on Solana, while major firms including BlackRock, Franklin Templeton, Apollo, and BNY have expanded tokenized financial products across multiple public blockchains.
Industry forecasts continue to project significant long term growth for tokenized assets, although adoption increasingly depends on connecting blockchain infrastructure with reliable real world data, legal ownership structures, and compliant servicing rather than token issuance alone.
By adding auto loans to that list, Figure is testing whether one of America’s largest consumer lending markets can become a practical source of yield for decentralized finance. If successful, the model could eventually expand beyond auto finance into mortgages, personal loans, and other forms of consumer credit, further narrowing the gap between traditional capital markets and blockchain based finance.
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