Figure, a U.S.-based blockchain lending platform, has launched a groundbreaking real-world asset (RWA) consortium on the Solana blockchain. The initiative aims to democratize access to institutional-grade financial products by bringing over $1 billion in monthly on-chain loans—such as mortgages and commercial real estate debt—to the decentralized finance (DeFi) ecosystem.
The consortium brings together key industry players, each with a specialized role. Oracle provider Chainlink will supply reliable off-chain data, decentralized exchange Raydium will handle trading and liquidity, and Gauntlet will manage risk. The technological backbone includes the PRIME liquid staking token and the Hastra liquidity protocol, co-developed with the Provenance Blockchain Foundation, designed to tokenize real-world debt and make it tradable.
Additional platforms like Camino Finance, CASH, and Privy are involved to assist with asset origination, management, and user-friendly onboarding. The consortium model is a strategic response to the significant challenges of tokenizing physical assets, which include navigating complex legal and regulatory frameworks and ensuring accurate, real-time data for off-chain assets.
By leveraging Solana's high speed and low transaction costs, the consortium seeks to make the tokenization and trading of real-world debt practical at scale. If successful, it could open lucrative, income-generating investment opportunities—traditionally reserved for banks and accredited investors—to the broader DeFi community.
