Figure Launches RWA Alliance to Boost Onchain Lending on Solana

The initiative partners with Kamino Finance, Chainlink, and Raydium to expand Figure’s $1 billion monthly lending and promote PRIME liquidity staking tokens.

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Summary

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Terms & Concepts
  • RWA (Real-World Asset): A blockchain-based token representing tangible assets like real estate, loans, or commodities.
  • Liquidity staking: Staking (locking crypto to earn rewards) combined with liquidity provision, allowing assets to remain tradable while earning yield.
  • DeFi: Decentralized Finance, blockchain-based financial services without traditional intermediaries.