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Figure establishes RWA Alliance, expanding average monthly $1 billion on-chain loans to Solana
According to ChainCatcher, credit protocol Figure (NASDAQ: FIGR) has announced the establishment of the RWA Alliance and the expansion of its monthly on-chain lending business, which exceeds $1 billion, to Solana. The alliance aims to promote the PRIME liquid staking token, giving regular DeFi users access for the first time to institutional-level returns previously available only to banks and qualified investors.
Alliance members include institutions such as Kamino Finance, Chainlink, Raydium, CASH, Privy, and Gauntlet, working together to promote the adoption of the Hastra protocol-based liquid staking token PRIME on Solana.