Figure establishes RWA Alliance, expands average monthly $1 billion on-chain loans to Solana

On December 5, credit protocol Figure (exchange code: FIGR) announced the establishment of the RWA Alliance, expanding its monthly on-chain lending business of over 1 billion USD to Solana. The alliance aims to promote the PRIME liquid staking token, allowing ordinary DeFi users to access institutional-level yields that were previously limited to banks and qualified investors for the first time. Alliance members include institutions such as Kamino Finance, Chainlink, Raydium, CASH, Privy, and Gauntlet, jointly advancing the application of the liquid staking token PRIME based on the Hastra protocol on Solana.