DeFi protocol Kamino has launched AUTO, the first real-world asset (RWA) backed by near-prime US auto loans on Solana. The structure involves three key actors: Agora Data handles loan origination, Figure Forge structures assets for the on-chain environment, and HastraFi issues tokens on Solana, with Chainlink providing oracle infrastructure. AUTO gives on-chain users access to the US auto credit market worth $1.68 trillion, targeting borrowers with riskier profiles than prime credit in exchange for potentially higher yields. This launch is part of Solana’s growing momentum in real-world asset tokenization, as the blockchain expands partnerships with traditional finance.
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