Figure and Leading Crypto Partners Launch RWA Consortium for Onchain Finance on Solana

Rhea-AI Summary

Figure (Nasdaq: FIGR) launched an RWA consortium on Dec 4, 2025 to expand access to its on-chain loan originations and bring real-world asset yields to Solana. The consortium links Figure's Democratized Prime, Hastra liquidity protocol, and the PRIME liquid staking token with partners including Hastra, Kamino Finance, Chainlink, CASH, Raydium, Privy, and Gauntlet.

Key disclosed metrics: $1B+ monthly on-chain loan originations, $19B total on-chain originations to date, and a stated 70% market share in RWA private credit. The initiative uses Chainlink CCIP for cross-chain interoperability and will debut at Solana Breakpoint.

Positive

• $1B+ monthly on-chain loan originations available to PRIME
• $19B total on-chain loan originations to date
• 70% market share in RWA private credit as stated
• Gauntlet manages risk for $1.5B in capital included in strategy set
• Cross-chain reach via Chainlink CCIP to deploy PRIME on Solana

Negative

• Yields remain exposed to historic crypto market volatility
• PRIME utility depends on third-party integrations, creating interoperability dependency

News Market Reaction

+11.39%

74 alerts

+11.39% News Effect

+7.8% Peak in 3 hr 29 min

+$864M Valuation Impact

$8.45B Market Cap

0.5x Rel. Volume

On the day this news was published, FIGR gained 11.39%, reflecting a significant positive market reaction. Argus tracked a peak move of +7.8% during that session. Our momentum scanner triggered 74 alerts that day, indicating high trading interest and price volatility. This price movement added approximately $864M to the company's valuation, bringing the market cap to $8.45B at that time.

Data tracked by StockTitan Argus on the day of publication.

Key Figures

Monthly on-chain originations: $1 billion+ Total on-chain originations: $19 billion RWA private credit share: 70% +3 more

6 metrics

Monthly on-chain originations $1 billion+ Figure on-chain loan originations per month

Total on-chain originations $19 billion Cumulative on-chain loan originations to date

RWA private credit share 70% Stated market share in RWA private credit

Gauntlet capital managed $1.5 billion Capital managed via institutional-grade yield strategies

Minimum DeFi participation $100 Example amount for DeFi users to access loan pools

Tokenized RWA market size $185+ billion Market size figure cited for tokenized real-world assets

Market Reality Check

Price: $62.78 Vol: Volume 2,086,413 is below...

normal vol

$62.78 Last Close

Volume Volume 2,086,413 is below 20-day average 2,576,643 (relative volume 0.81). normal

Technical Price 42.05 is trading above 200-day MA at 39.38, indicating strength vs longer trend.

Peers on Argus

No peer stocks with notable momentum or same-day headlines were flagged, suggest...

No peer stocks with notable momentum or same-day headlines were flagged, suggesting FIGR’s reaction is driven mainly by company-specific crypto/RWA developments rather than a sector-wide move.

Historical Context

5 past events · Latest: Dec 10 (Positive)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Dec 10	Crypto expansion	Positive	-2.0%	Solana-native $YLDS minting and SOL collateral expansion for DeFi lending.
Dec 04	Crypto partnership	Positive	+11.4%	Launch of RWA consortium and PRIME on Solana with multiple partners.
Nov 24	Strategic investment	Positive	+2.8%	Ondo’s $25M investment into $YLDS to power tokenized Treasury yield.
Nov 21	Investor conferences	Neutral	+2.8%	Announcements of CEO and CFO appearances at major investor conferences.
Nov 17	Equity offering plan	Neutral	+5.0%	Filing S-1 for non-dilutive blockchain-native equity trading on Figure’s ATS.

Pattern Detected

Recent FIGR news, especially around crypto and tokenization, has usually seen positive price reactions, with only one notable divergence where shares fell after a seemingly positive Solana/YLDS update.

Recent Company History

Over the last month, FIGR has focused on blockchain-native financing and tokenized real-world assets. Crypto-tagged releases highlighted Solana integrations, the $YLDS stablecoin, and large-scale RWA origination of over $19 billion, with several posts showing positive 24-hour moves. The current RWA consortium launch on Dec 4 fits this trajectory, linking PRIME, Hastra, and multiple Solana partners after the IPO and S-1 filing for blockchain-native equity, while insider Form 4s showed significant stock sales but continuing large holdings.

Market Pulse Summary

The stock surged +11.4% in the session following this news. A strong positive reaction aligns with p...

Analysis

The stock surged +11.4% in the session following this news. A strong positive reaction aligns with prior FIGR crypto headlines, where similar news produced average moves of about 2.97%, though the Dec 4 consortium launch saw a larger 11.39% jump. The scale of on-chain originations and a stated 70% RWA private credit share provided fundamental support. However, investors previously saw notable insider selling in November Form 4s, which could temper enthusiasm if profit-taking reappeared after sharp rallies.

Key Terms

real-world assets, liquid staking token, defi, stablecoin, +2 more

6 terms

real-world assets financial

"trading of on-chain loan products and tokenized real-world assets (RWAs)"

Real-world assets are physical or financial things of value—like property, commodities, loans, or art—that exist outside digital markets and can be bought, sold, or used as collateral. For investors, they matter because they often provide steady income, reduce reliance on volatile paper markets, and can add diversification much like owning a rental property beside stock holdings. Treat them like tangible building blocks that can stabilize a portfolio and back the value of financial products.

liquid staking token technical

"support and drive adoption of PRIME, the liquid staking token built on the Hastra liquidity protocol"

A liquid staking token is a digital asset that represents a stake in a blockchain network's security system, allowing investors to earn rewards for participating in network validation. Unlike traditional staking, which often locks up assets and limits access, these tokens can be freely traded or used in other transactions, providing flexibility and liquidity. This enables investors to earn rewards while still maintaining the ability to access or deploy their funds elsewhere.

defi technical

"Through this coalition, everyday DeFi users can now access institutional-grade yields"

DeFi, short for decentralized finance, is a system of financial services built on blockchain technology that operates without traditional banks or intermediaries. It allows people to borrow, lend, trade, and earn interest directly with each other through digital platforms, much like using a peer-to-peer marketplace. For investors, DeFi offers the potential for greater access, transparency, and control over their financial activities.

stablecoin financial

"CASH will serve as the PRIME’s official stablecoin partner"

A stablecoin is a type of digital currency designed to keep its value steady, often by being backed by traditional assets like money or commodities. For investors, stablecoins offer a reliable way to move money quickly across digital platforms without the value fluctuations common with other cryptocurrencies, making them useful for saving, trading, or transferring funds with less risk of sudden losses.

heloc financial

"including Figure’s signature HELOC product. Figure’s HELOCs have a proven origination history"

A HELOC (home equity line of credit) is a revolving loan that lets a homeowner borrow against the value built up in their house, similar to a credit card but secured by the property. It matters to investors because HELOCs affect banks’ lending volumes, interest income and credit risk, and high consumer use or defaults can signal stress in the housing market and consumer spending, influencing related stocks and bond valuations.

liquidity pool technical

"Raydium's concentrated liquidity pools enable efficient price discovery"

A liquidity pool is a stash of cash or tradable assets set aside so buyers and sellers can trade quickly without big price swings; think of it as the stocked shelves in a store that let customers find what they need without waiting. For investors, larger, healthier pools mean easier entry and exit, smaller price impact when trading, and generally lower costs and risk when buying or selling a position.

AI-generated analysis. Not financial advice.

New coalition advances Figure’s vision of moving capital markets to blockchain, expands real-world yield to Solana, and sets the standard for RWA collaboration across chains

SAN FRANCISCO, Dec. 04, 2025 (GLOBE NEWSWIRE) -- Figure Technology Solutions, Inc. (“Figure”)(Nasdaq: FIGR), the leading blockchain-native capital marketplace for the origination, funding, sale, and trading of on-chain loan products and tokenized real-world assets (RWAs), today announced the launch of an RWA consortium, a landmark coalition that will expand access to Figure's more than $1 billion in monthly on-chain loan originations, starting on Solana. The consortium represents a coordinated effort by leading crypto platforms to support and drive adoption of PRIME, the liquid staking token built on the Hastra liquidity protocol, developed in partnership with Figure and the Provenance Blockchain Foundation. PRIME is powered by the Democratized Prime decentralized lending protocol on the Provenance Blockchain, which allows users to lend against pools of tokenized Figure RWA loans. Through this coalition, everyday DeFi users can now access institutional-grade yields previously reserved for banks and accredited investors.

The RWA Consortium builds on Figure’s vision to bring capital markets on-chain, a goal most recently reinforced during its IPO and the expansion of its RWA ecosystem across multiple blockchains. By extending beyond the Provenance Blockchain to integrate with Layer 1 networks like Solana, Figure is partnering with Hastra to leverage Chainlink CCIP to power the cross-chain interoperability needed for a connected, multi-chain finance ecosystem. With over $19 billion in on-chain loan originations to date and a 70% market share in the RWA private credit, Figure is uniquely positioned to bridge traditional credit markets with DeFi.

This initiative follows the recent debut of Hastra, a liquidity protocol incubated by Figure and Provenance Blockchain that allows the yields generated in Democratized Prime to reach decentralized finance, with all Hastra yield products secured by the Chainlink data standard. Hastra acts as a distribution layer for that yield, while PRIME, a new liquid staking product built on top of Hastra, lets users amplify their earnings and keep assets liquid. Together, these tools connect traditional credit markets with blockchain liquidity, providing sustainable yields at a time of historic volatility in crypto markets.

The RWA Consortium unites leaders across the crypto ecosystem to deliver the first full-stack framework for the PRIME token on Solana. Each partner plays a strategic role:

• Figure provides access to the yields generated from its $1B+ a month in on-chain loan originations through Democratized Prime.
• Kamino Finance will serve as the exclusive on-chain credit and lending partner, supporting the listing of PRIME on Kamino Lend and collaborating to expand utility for PRIME across Kamino's product offerings. This includes enabling users to increase their PRIME yield and providing a venue to swap with best price execution on Solana.
• Chainlink, as the official oracle infrastructure across Hastra’s yield primitives on Solana, delivers high-integrity data, with CCIP enabling interoperability across blockchains.
• CASH will serve as the PRIME’s official stablecoin partner. Designed by Phantom using Open Issuance by Bridge and Stripe, CASH enables low-cost borrowing against PRIME and provides deep onchain liquidity across RWA pools. 
• Raydium, Solana's leading automated market maker, will provide the foundational liquidity infrastructure for PRIME. Raydium's concentrated liquidity pools enable efficient price discovery and deep market depth for institutional-grade RWA tokens entering Solana's DeFi ecosystem.  
• Privy, a Stripe company, will provide custodial and self-custodial embedded wallet infrastructure to help applications onboard users seamlessly and support PRIME-powered activity across DeFi initiatives.
• Gauntlet manages risk for over $1.5 billion in capital through institutional-grade yield strategies. Gauntlet vaults on Kamino will add the PRIME borrow markets to the allocation opportunity set.  
  

"We're democratizing access to institutional lending markets," said Mike Cagney, Founder and Executive Chairman of Figure. "For the first time, a DeFi user with $100 can participate in the same loan pools as major financial institutions, earning yields from real lending activity with full transparency and instant liquidity. By partnering with Provenance Blockchain to incubate Hastra and bringing together Solana's speed and developer ecosystem, we're building an entire RWA ecosystem that extends beyond launching products."

Unlike protocols offering synthetic yields or single-asset exposure, Democratized Prime lenders earn yield by lending against pools of onchain RWA, including Figure’s signature HELOC product. Figure’s HELOCs have a proven origination history and real cash flows from borrower payments. As a publicly-traded company, Figure brings institutional-grade compliance and transparency to DeFi yields.

In addition to product integrations, the consortium will focus on community engagement, education, and adoption through reward programs and events. The initiative will also host an RWA experience at Solana Breakpoint to highlight new real-world yield opportunities for users and developers. The Consortium will make its physical debut at Solana Breakpoint with a day-long, thought-leadership event titled DeFi Desert.

The formation of the RWA Consortium reinforces Figure’s multi-chain strategy and leadership in RWA tokenization. With its position as the dominant player in blockchain-based lending, Figure is shaping the infrastructure for a $185+ billion market in tokenized real-world assets. 

Users can access PRIME tokens at hastra.io and participate in borrow-lend markets through Kamino Finance at kamino.com/assets/prime. Learn more about Figure's broader RWA initiatives at www.figure.com.

About Figure Technology Solutions, Inc.
Figure Technology Solutions, Inc. (Nasdaq: FIGR) is a Provenance Blockchain-native capital marketplace that seamlessly connects origination, funding, and secondary market activity. More than 200 partners use its loan origination system and capital marketplace. Collectively, Figure and its partners have originated over $19 Billion of home equity to date, among other products, making Figure’s ecosystem the largest non-bank provider of home equity financing. The fastest growing components are Figure Connect, its consumer credit marketplace, and Democratized Prime, Figure’s on-chain lend-borrow marketplace. Figure's ecosystem also includes DART (Digital Asset Registry Technology) a digital lien registry that allows for collateral perfection on-chain on-chain, and $YLDS, an SEC-registered yield-bearing stablecoin that is issued by a tokenized face-amount certificate company, which is a type of registered investment company.

Figure is the market leader in real-world asset (RWA) tokenization and its most recent securitization received a AAA rating from S&P, the first of its kind for blockchain finance. For more information, visit https://figure.com or follow Figure on LinkedIn.

Figure Technology Solutions, Inc. provides technology, infrastructure, and integration support for certain components of the consortium described above as a third-party service provider to the Consortium. Figure does not issue, sponsor, promote, recommend, or endorse the PRIME token, wYLDS, or any other digital asset or product developed or offered by Hastra, Phantom or other consortium participants. All decisions related to the design, issuance, economics, governance, marketing, or performance of such digital assets are solely those of their respective developers or issuers. Nothing in this release should be construed as Figure offering or soliciting the purchase or sale of any digital asset or providing investment, legal, or tax advice.

Media Contact:
press@figure.com   

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/38b97e43-d99f-4a08-9e38-3577453d7f24.

FAQ

What did Figure (FIGR) announce on December 4, 2025 about an RWA consortium?

Figure announced an RWA consortium to expand access to its on-chain loan originations and deploy PRIME on Solana using Hastra and Chainlink CCIP.

How much in on-chain loan originations does Figure (FIGR) make available to PRIME?

Figure stated it provides access to more than $1B per month in on-chain loan originations and $19B total to date.

Which partners will support PRIME on Solana for Figure (FIGR)?

Partners named include Hastra, Kamino Finance, Chainlink, CASH, Raydium, Privy, and Gauntlet for liquidity, oracles, custody, and risk management.

How does Figure (FIGR) enable cross-chain PRIME deployment to Solana?

The consortium uses Chainlink CCIP to enable cross-chain interoperability between Provenance/Hastra and Solana.

Where can investors access PRIME and related markets for Figure (FIGR)?

The release points users to hastra.io for PRIME and kamino.com/assets/prime for borrow-lend markets on Kamino Finance.

Will Figure (FIGR) showcase PRIME at any upcoming event?

Yes; the consortium will host an RWA experience and a DeFi Desert event at Solana Breakpoint.