Hastra Launches AUTO on Solana, Bringing Near-Prime Auto Yields On-Chain

Hasta has launched AUTO on Solana, the first token to offer near-prime auto yields on-chain. AUTO is backed by US auto loans and allows investors to access a new asset class.

Hastra's CEO did not provide a quote for this story.

According to the source, Hastra's new product is the second in its line of products, following PRIME, which was launched with Figure. AUTO is the first time Hastra has partnered with a third party to create an asset class.

The source states that Figure's tokenization platform, Figure Forge, will provide standardized loans to the Democratized Prime market, where Hastra will access the yields and make them available on Solana as AUTO.