Figure and Hastra have announced the addition of auto loans to their tokenized credit platform, broadening the scope of real-world assets available to decentralized finance (DeFi) investors. This move marks the first new asset class for Democratized Prime, a decentralized lending marketplace on Figure Markets, which aims to facilitate the issuance, trading, and funding of various consumer credit types onchain. Figure's CEO, Michael Tannenbaum, highlighted the platform's success in originating over $22 billion in onchain loans. In addition to the auto loan launch, Hastra is expanding its reach to Ethereum-compatible (EVM) chains, starting with Ethereum, to enhance its DeFi ecosystem presence. Initially launched on Solana, Hastra will introduce the auto finance product on Solana before extending to Ethereum by June. Despite the expansion, concerns remain about the risks associated with non-prime auto loans, including higher default rates and regulatory challenges. Meanwhile, Figure's shares have declined 12% year-to-date, although analysts at Bernstein have given the company an "Outperform" rating with a $67 price target, citing growth in its tokenized lending business.