A new industry coalition aims to accelerate the integration of real-world assets into decentralized finance. Figure, together with key partners across the crypto ecosystem, has formed the RWA Consortium to bring real-world yield directly to Solana. The initiative gives everyday users access to lending markets that have historically remained exclusive to banks and accredited investors. Alongside this development, $PRIME, issued by Hastra and backed by Figure’s real-estate loan pools, is now live on Solana. $PRIME connects users to yields sourced from Figure’s more than $1 billion in monthly onchain loan originations, including home-equity credit products.
Expanding Access to Onchain Credit Markets
Figure has consistently highlighted its goal of moving capital markets onchain. The launch of the RWA Consortium marks a major step toward that goal. The company has already surpassed $19 billion in onchain loan originations and holds a dominant share of the private credit RWA market. By extending its reach to Solana, Figure broadens access to its onchain loan pipelines while reinforcing a multi-chain strategy that previously centered on the Provenance blockchain.
The new consortium represents the first coordinated framework that connects institutional loan origination, decentralized lending, liquid staking, borrowing, liquidity venues, wallets, and cross-chain oracle infrastructure. It introduces real-world yield to Solana in a unified structure that brings institutional lending into DeFi.
The consortium brings together several leading platforms, including Kamino, Raydium, Gauntlet, and Privy, each of which supports $PRIME’s expansion on Solana. Together, these partners form a full pipeline from origination to liquidity and user access.
"We're democratizing access to institutional lending markets. 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.” - Mike Cagney, Founder and Executive Chairman of Figure
$PRIME Launches on Solana
$PRIME plays a central role in this expansion. Built on Hastra and powered by Democratized Prime, $PRIME provides users with real-world yields derived from pools of tokenized loans, including Figure’s home-equity credit products with extensive origination history. Users gain access to yield generated by actual borrower payments rather than synthetic strategies or token emissions.
Hastra acts as the liquidity layer that carries the yield produced within Democratized Prime into decentralized finance. $PRIME, built on top of Hastra, functions as a liquid staking token that lets users amplify their yield while keeping assets accessible.
Democratized Prime stands out for its focus on real yield. Lenders earn returns from actual loan pools rather than opaque investment strategies. Figure’s publicly listed status adds another layer of transparency through regulatory oversight and reporting standards. The structure offers visibility into payment histories, loan performance, and cash flows.
What Has Figure Been Up To?
Last month, Figure brought its SEC-registered yield-bearing stablecoin $YLDS to Solana. Backed by U.S. Treasuries, $YLDS offers fiat on/off ramps and continuous yield.
On November 12, the company announced its intent to begin minting $YLDS, a registered public debt security, natively on Solana. $YLDS is designed to provide a continuous yield backed by U.S. Treasuries and Treasury repo agreements.
Shortly after, Ondo Finance made a $25 million strategic investment in Figure’s $YLDS stablecoin to support Ondo Short-Term US Treasuries Fund ($OUSG), Ondo’s flagship tokenized fund, enhancing and diversifying the yield source backing $OUSG. This transaction with Ondo followed Figure’s recent IPO, which raised $787.5 million and marked a major milestone in the company’s mission to modernize capital markets.
Solana’s Growing RWA Market
A wave of new developments continues to energize Solana’s RWA landscape. Flash Trade, in collaboration with Remora Markets, is expanding this momentum by launching Solana’s first bi-directional leverage trading for tokenized stocks. This feature lets users take long or short positions on rStocks with up to 10x leverage and creates opportunities to capture price spreads between onchain market values and underlying oracle prices. Previously, leveraged exposure to tokenized equities required complex lending strategies, creating barriers for many traders. Flash Trade’s integration introduces a more intuitive path to participate in these markets.
Growth extends beyond equities as Plume launches five RWA Nest vaults on Solana. These vaults give users direct access to institutional-grade assets issued by partners such as WisdomTree, Hamilton Lane, BlackOpal, Securitize, and SuperState. Users can deposit stablecoins into vaults to earn real-world yield. Each vault issues a liquid token that accrues value and can be easily moved across Solana DeFi, from liquidity pools to structured products.
Solana’s RWA sector has expanded rapidly. According to rwa.xyz data, the network now hosts more than 107,000 RWA holders, and tokenized assets on Solana recently reached an all-time high of $827 million. The total value locked in Solana-based RWAs has grown nearly 400% since January, outpacing Ethereum’s growth rate even though Ethereum retains a larger market share.
This shift illustrates Solana’s growing relevance in institutional blockchain finance. The introduction of $PRIME and the formation of the RWA Consortium strengthen Solana’s position within a competitive RWA landscape that continues to attract both individual and institutional participants.
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