Hastra Launches $AUTO, Bringing $1.68T Auto Credit Market to Solana DeFi
Hastra's second RWA product repackages consumer auto loans — sourced via Agora Data's Capital One-backed warehouse and standardized by Figure Forge — into a composable, 7.81% APY yield token across Solana DeFi.
Real-world credit keeps finding its way onto Solana, one asset class at a time.
Hastra, an RWA issuer already managing more than $475M in multichain assets, has launched $AUTO — a yield-bearing token that distributes consumer auto loan payments directly to holders. It's the firm's second product after $PRIME, and it's aimed squarely at one of the largest untapped credit markets in traditional finance: the $1.68 trillion U.S. auto loan market.
How the pipes actually work
The loans themselves originate from Agora Data, which runs a $100M warehouse facility backed by Capital One. From there, Figure Forge — part of Figure Technologies — standardizes the loans into fungible tokens, each representing a pro-rata claim on the underlying cash flows. The result is $AUTO: a token currently yielding 7.81% APY, backed by a diversified pool of real consumer auto credit rather than a synthetic or algorithmic rate.
Built to be used, not just held
Unlike a lot of RWA tokens that end up parked and illiquid, $AUTO is designed to be fully composable inside Solana DeFi from day one — tradeable on DEXs, usable as collateral, and already being integrated into vault strategies by operators including Kamino, Sentora, and RockawayX.
The track record behind it
Hastra's first product, $PRIME, is the reason this launch is getting attention rather than skepticism. $PRIME hit a $360M market cap within four months of launching on Solana, strong enough that the product has since expanded to Ethereum as well. Zooming out, RWA.xyz data puts asset-backed credit tokens at $777M in total value locked, now accounting for 21% of Solana's entire RWA market — a category that barely existed a year or two ago.
Signal take: $AUTO's real test isn't the launch APY, it's underwriting quality at scale — auto loan pools carry very different default/recovery dynamics than the private credit or treasury products RWA issuers have leaned on so far. If Hastra can replicate $PRIME's traction here, it's a strong signal that Solana DeFi is becoming a genuine distribution rail for consumer credit, not just a novelty wrapper for institutional paper.