First on‑chain auto loan pool
Alenka launched the first on‑chain lending pool backed by auto loans on Figure’s platform — pricing at 8.85% APR with $10.6M supplied — showing DeFi is being used to accelerate auto loan origination. (x.com)
Figure rolled out Figure Forge, a service that converts pools of private loans into uniform $1 participation tokens for use in its DeFi marketplace and announced a dedicated auto‑loan Forge on the Provenance blockchain. (crowdfundinsider.com) Agora Data’s ALTRUVO™ platform was named to operate directly on Figure’s marketplace under a strategic partnership first disclosed on February 26, 2026. (agoradata.com) Figure said it will seed initial liquidity and maintain a limit‑order book with its own capital to support trading and market making for the newly tokenized auto‑loan assets. (crowdfundinsider.com) As part of the deal, Figure has taken a strategic equity stake in Agora and designated Agora as its preferred third‑party review partner for auto‑loan assets on Figure’s platform. (markets.financialcontent.com) Figure’s marketplace already serves more than 250 partners and the company and its partners have originated over $22 billion in home equity loans, providing existing scale and operational rails for onboarding auto loan portfolios. (investing.com) Yields from the Figure‑tokenized loan pools are intended to flow into Figure’s Democratized Prime marketplace and the Hastra protocol, creating on‑chain yield access points for DeFi participants. (crowdfundinsider.com) Agora publicly announced auto loans became investable on Figure on March 26, 2026, with ALTRUVO™ positioned as the blockchain‑native distribution channel and asset onboarding starting in March. (agoradata.com)
