Figure Technology Solutions Ltd. (NASDAQ:FIGR) surged 5.1% on Thursday after unveiling a new real-world asset (RWA) consortium aimed at expanding access to more than $1 billion in monthly on-chain loan originations, beginning on the Solana blockchain.
The consortium brings together leading crypto and DeFi platforms in a coordinated effort to promote the adoption of PRIME—a liquid staking token built on the Hastra liquidity protocol. PRIME operates through the Democratized Prime decentralized lending protocol on the Provenance Blockchain, enabling users to lend against tokenized pools of Figure’s real-world asset loans.
“We’re democratizing access to institutional lending markets,” said Mike Cagney, Founder and Executive Chairman of Figure. “For the first time, a DeFi user with $100 can participate in the same loan pools as major financial institutions, earning yields from real lending activity with full transparency and instant liquidity.”
Members of the RWA Consortium include Kamino Finance, Chainlink, CASH, Raydium, Privy, and Gauntlet—each contributing to the development of the PRIME framework on Solana. The initiative follows the rollout of Hastra, a liquidity protocol incubated jointly by Figure and Provenance Blockchain.
To date, Figure has originated over $19 billion in on-chain loans and claims roughly 70% market share within the RWA private credit sector. The company is now expanding beyond Provenance Blockchain to integrate with other Layer 1 ecosystems, starting with Solana and using Chainlink CCIP for secure cross-chain connectivity.
The consortium plans to drive awareness and adoption through community programs, educational efforts, and incentive campaigns—including an immersive RWA experience at the upcoming Solana Breakpoint conference.