{"id":71877,"date":"2026-04-15T09:15:12","date_gmt":"2026-04-15T02:15:12","guid":{"rendered":"https:\/\/hbbgroup.net\/figure-and-hastra-widen-defi-credit-offering-with-auto-loan-launch\/"},"modified":"2026-04-15T09:15:12","modified_gmt":"2026-04-15T02:15:12","slug":"figure-and-hastra-widen-defi-credit-offering-with-auto-loan-launch","status":"publish","type":"post","link":"https:\/\/hbbgroup.net\/zh\/figure-and-hastra-widen-defi-credit-offering-with-auto-loan-launch\/","title":{"rendered":"Figure and Hastra widen DeFi credit offering with auto loan launch"},"content":{"rendered":"
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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.<\/p>\n

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.<\/p>\n

\u201cWe\u2019ve been purposefully building toward this,\u201d Michael Tannenbaum, CEO of Figure, said, adding that the platform has originated over $22 billion in onchain loans.<\/p>\n

The move marks an early test of whether tokenized private credit can expand beyond home-equity products into mainstream consumer lending, a shift that could widen DeFi\u2019s access to real-world yield but also import the credit risks of subprime-style loan markets.<\/p>\n

Figure launched<\/a> Hastra in 2025, with its public debut and rollout occurring later that year. The platform, which initially launched on Solana (SOL<\/a>), was built as an extension of Figure\u2019s lending ecosystem, using its loan origination and credit infrastructure to bring RWAs onchain.<\/p>\n

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Hastra expands to EVM chains<\/h2>\n

At the same time, Hastra is expanding to Ethereum-compatible (EVM) chains, opening access to a larger DeFi ecosystem and bringing its existing credit system, including home equity loan exposure, to new chains.<\/p>\n

A Figure spokesperson told Cointelegraph that Hastra will start with Ethereum (ETH<\/a>) as part of its push into EVM chains. They also confirmed that the auto finance product will first launch on Solana before rolling out on Ethereum around June.<\/p>\n

Figure shares are down 12% YTD. Source: <\/em>Yahoo! Finance<\/em><\/a><\/figcaption><\/figure>\n

Still, bringing consumer loans onchain does not remove<\/a> the underlying risks tied to those assets. Non-prime auto loans can carry higher default rates, especially in weaker economic conditions.<\/p>\n

There are also questions around regulation, transparency and how these blockchain-based credit products would perform under stress or during volatile market conditions.<\/p>\n

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Figure gains bullish outlook from Bernstein<\/h2>\n

Earlier this month, Bernstein analysts said Figure may be undervalued<\/a>, assigning the blockchain-based lender an \u201cOutperform\u201d rating and a $67 price target, nearly double its recent trading price. The bullish outlook follows growth in its tokenized lending business<\/a>, with loan originations surpassing $1.2 billion in March and first-quarter volumes reaching $2.9 billion.<\/p>\n

Figure went public on<\/a> Sept. 11, 2025, listing on the Nasdaq under the ticker symbol FIGR.<\/p>\n

Big questions: <\/strong><\/em>Would Bitcoin survive a 10-year power outage?<\/strong><\/em><\/a><\/p>\n