HastraFi launches AUTO markets on Solana backed by US auto loans

The $1.68 trillion US auto credit market just got a DeFi on-ramp. HastraFi, in partnership with Figure and deployed through the Kamino platform, launched the AUTO market on Solana on July 29, 2026, marking the first permissionless real-world asset product on the blockchain. The AUTO token channels interest payments from near-prime US auto loans directly into HastraFi’s DeFi credit infrastructure. The current APY sits at 9.07%, with 2.40 million tokens already in circulation. How the plumbing works Figure, the capital markets firm behind the structure, originates and sources the underlying auto loans. The loans feed yield into the AUTO token, which HastraFi then issues as a permissionless on-chain asset. Kamino handles the lending and liquidity infrastructure on Solana’s side. Chainlink Data Streams power the pricing and data feeds. AUTO is also the first third-party originated asset on the Hastra protocol, signaling the infrastructure is open to outside originators. The third-party originator named in connection with this launch is Agora. Once issued, AUTO tokens are tradable and support liquidity provision on the Orca decentralized exchange, with integration into Kamino’s lending ...