Figure | Crypto

Figure Technology is adding auto loans to Democratized Prime and extending Hastra beyond Solana, widening tokenized consumer credit access for DeFi investors. 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. 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. “We’ve been purposefully building toward this,” Michael Tannenbaum, CEO of Figure, said, adding that the platform has originated over $22 billion in onchain loans. Read more

The Wall Street broker said that the regulatory momentum and a volatile banking backdrop are amplifying demand for Figure’s blockchain-based credit platform.

Figure (FIGR) shares closed at $31.11 on its Sept. 11 Nasdaq debut, gaining 24% from the $25 pre-sale price and establishing a $6.6 billion market cap with 211.66 million shares outstanding. The blockchain-native lending platform reached an intraday peak of $36.13, representing a 44.5% surge, before settling at closing levels. The debut proceeded without trading […] The post Figure debuts with 24% gain as blockchain lending platform achieves $6.6 billion valuation appeared first on CryptoSlate.