Chainlink Powers $1.6T US Auto Loan Market Onchain

AUTO Markets Go Live on Solana

Hastra's AUTO markets are now live on Solana, backed by US auto loans originated by Figure and powered by Chainlink Data Streams. The launch brings real-time loan data onchain, offering DeFi investors exposure to a corner of consumer credit that has historically sat well beyond the reach of decentralized markets.

Figure is bringing the $1.6 trillion US auto loan market to DeFi, powered by Chainlink. Loans are sourced through Agora Data and delivered to DeFi via Figure Forge. Agora Data, a fintech firm specializing in auto lending for independent car dealers, is the first external partner to leverage Figure Forge, a collaboration announced in late 2024.

Figure's platform allows auto loans to be tokenized and added to its blockchain registry and into the DeFi ecosystem for sale to individual or institutional investors. Chainlink's Data Streams handle the flow of real-time loan data into smart contracts, providing the price and performance feeds that underpin the product's onchain mechanics.

Kamino Strategies and the Road Ahead

Looping and lending strategies for AUTO are now available on Kamino, giving Solana-native users practical ways to put the asset to work. Chainlink serves as the official oracle infrastructure across Hastra's yield primitives on Solana, with Chainlink's Cross-Chain Interoperability Protocol (CCIP) enabling interoperability across blockchains.

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. Figure CEO Michael Tannenbaum said the company has originated over $22 billion in onchain loans and has been deliberately building toward this expansion.

Hastra described the launch as the first proof point in its shift toward durable, cross-chain yield. Chainlink's CCIP is expected to serve as the key enabler for multichain expansion, allowing assets and data to move securely between blockchains and positioning Hastra to grow beyond Solana.

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's access to real-world yield but also import the credit risks of subprime-style loan markets.

Sources:
Cointelegraph: Figure and Hastra Add Auto Loans to Tokenized Credit Platform
Figure: Strategic Partnership with Agora Data (Official Press Release)
GlobeNewswire: Agora Data Achieves Industry First, Auto Loans Become Public On-Chain Assets