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HastraFi launches AUTO on Solana with 7.81% APY tied to U.S. auto loans

HastraFi launches AUTO on Solana with 7.81% APY tied to U.S. auto loans

The real-world asset token debuts first on Solana, expands HastraFi’s yield lineup beyond home equity, and targets a share of the $1.68 trillion U.S. auto credit market through onchain loan exposure.

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Fact Check
The main substance of the claim—HastraFi launching AUTO on Solana, backed by U.S. auto loans, targeting the $1.68 trillion U.S. auto credit market and expanding its yield lineup beyond home equity—is confirmed by the official HastraFi announcement, SolanaFloor, and Solana Compass. The specific 7.81% APY is corroborated only by SolanaFloor (~7.81%), while Solana Compass and a third-party post cite 9.07% APY at inception, and HastraFi's own posts give no headline APY. This makes the exact APY figure in the claim contested.
Summary

HastraFi has launched AUTO on Solana as a real-world yield product backed by consumer auto loans, offering 7.81% APY to holders and marking the second asset in its RWA lineup after PRIME. The product debuts on Solana before any other chain and is designed to turn cash flows from U.S. auto loans into permissionlessly tradable onchain exposure that can be used across DeFi venues including Kamino. HastraFi says the loans are originated by Agora Data, an auto finance company with a $100 million warehouse facility with Capital One, and are converted by Figure Forge into standardized loan participation tokens that represent pro rata claims on pooled cash flows. The launch extends HastraFi’s push into specialty finance-backed tokens, a segment that has been gaining traction on Solana alongside tokenized equities and Treasuries. The rollout follows strong growth in PRIME, HastraFi’s HELOC-backed product, which the company says reached a $360 million market size on Solana within four months before expanding to Ethereum. Data cited from RWA.xyz shows asset-backed credit and specialty finance tokens account for a significant share of Solana’s RWA market, with the article citing both 13.9% and more broadly $777 million, or 21% of total RWA value on the network. AUTO’s launch adds consumer auto credit to that mix as issuers test demand for passive yield products tied to traditional loan markets.

Terms & Concepts
  • loan participation tokens: Tokens representing a proportional claim on cash flows from a pool of underlying loans.
  • HELOC: A home equity line of credit, which lets homeowners borrow against the value of their property.
  • real-world yield product: An onchain asset that distributes income generated by off-chain financial instruments such as loans.