Blockchain lending company Figure Technology Solutions announced on Thursday the establishment of the 'RWA Alliance' to advance its vision of bringing capital markets on-chain. Through collaboration with multiple crypto platforms, the alliance aims to support and promote the adoption of liquid staking token PRIME, extending real-world asset (RWA) returns from the Provenance blockchain to other Layer 1 networks and reaching general users.
Figure indicates that although on-chain RWA is becoming increasingly popular, the truly available real-world returns have historically been locked within banks and accredited investors. The newly established RWA alliance will start from Solana, allowing regular DeFi users to access Figure's on-chain lending volume of over 1 billion dollars each month.
Figure wrote on social media platform X:
"Through this alliance, PRIME, built on Hastra and powered by Democratized Prime, will bring institutional-grade returns directly into the Solana DeFi stack, while ensuring transparency, liquidity, and cross-chain security provided by Chainlink CCIP."
PRIME is a liquid staking token built on the liquidity protocol Hastra (co-incubated by Figure and the Provenance Blockchain Foundation), with its yield derived from Figure's decentralized lending platform Democratized Prime launched on the Provenance blockchain, where lenders can earn returns from a 'real on-chain RWA asset pool,' which includes Figure's HELOC (Home Equity Line of Credit) that claims to have a stable repayment record.
Today, we’re announcing the RWA Consortium, led by Figure and key crypto partners, to bring real-world yield to @Solana. We’re setting a new standard for cross-chain RWA collaboration. This marks the first time Figure’s $1B+/month in on-chain loan originations becomes… https://t.co/kfH6mbf7OO
— Figure (@Figure) December 4, 2025
Figure stated that the RWA alliance brings together several leaders in the crypto ecosystem to create the first 'full-stack' framework for the PRIME token on Solana. In addition to the agreements mentioned above, participants also include the Solana ecosystem lending protocol Kamino Finance, the AMM (automated market maker) protocol Raydium, crypto wallet developers Privy, Phantom, and financial risk management protocol Gauntlet.
"We are democratizing participation in the institutional-grade loan market," said Figure founder and chairman Mike Cagney. "For the first time, DeFi users who invest just $100 can participate in the same loan asset pool as large financial institutions, earning returns from real lending activities while enjoying full transparency and instant liquidity. By incubating Hastra in collaboration with Provenance blockchain, combined with Solana's high-speed performance and developer ecosystem, we aim to create a complete RWA ecosystem, not just simply launch a few products."
Figure went public on the Nasdaq stock exchange in September this year, rising about 36% within a month, but later fell 33% from its peak, with a closing price of $39.02 yesterday. According to official data, Figure has accumulated over $19 billion in on-chain loan origination to date, holding a 70% market share in the RWA private credit market.
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