Groundbreaking Consortium for Real-World Assets Debuts on Solana to Make Finance Accessible to All

Launch of Real-World Asset Consortium: Figure has launched a real-world asset consortium on the Solana blockchain, aiming to democratize access to over $1 billion in monthly on-chain loans, previously reserved for banks and accredited investors.

Benefits for Everyday Users: The initiative allows users to earn yields from real-world assets like mortgages and loans, enhances liquidity through the PRIME liquid staking token, and provides institutional-grade infrastructure for risk management.

Innovative Technology: The consortium utilizes the PRIME liquid staking token and Hastra liquidity protocol to tokenize real-world debt, ensuring a seamless connection between traditional assets and the DeFi ecosystem.

Challenges Ahead: Despite its potential, the consortium faces challenges such as complex legal frameworks and the need for accurate real-time data for off-chain assets, which the consortium aims to address through collaboration among its members.