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Figure Launches RWA Alliance and 'PRIME' Token on Solana
12/04/2025, 23:06
12/05/2025, 06:07
AI SUMMARY
●Figure launches PRIME token backed by real-estate loans on Solana via Kamino.
●Formation of 'RWA Alliance' includes partners Chainlink and Raydium.
●Initiative aims to bring yields from $1B+ monthly originations on-chain.
The PRIME token, a real-world asset (RWA) offering real-estate-secured yield, has gone live on the Kamino lending platform on Solana. Developed by Figure and issued by HastraFi, the token is designed to offer APYs up to 8% backed by physical real estate assets. This integration marks a significant expansion of RWA collateral types available within the Solana DeFi ecosystem.
[Update 1] RWA Alliance Formation and Partners
Figure has formally announced this launch as part of a broader "RWA Alliance" to expand its lending business to the Solana blockchain. In addition to Kamino Finance, the alliance includes launch partners Chainlink and Raydium. The initiative aims to provide DeFi users with access to yields sourced from over $1 billion in monthly on-chain originations from Figure's real-estate loan pools.