Hastra

Hastra is a DeFi liquidity protocol built on Solana and incubated by Figure Technology Solutions (Nasdaq: FIGR) and the Provenance Blockchain Foundation. Its purpose is to act as a distribution layer routing yield from Figure real-world asset lending operations into decentralized finance. Launched in July 2025, the protocol connects the outputs of a regulated institutional credit market to Solana DeFi in a form any on-chain participant can hold, stake, or use as collateral without accredited-investor requirements.

The Institutional Backing

Figure is not a typical DeFi sponsor. The company had originated more than $19 billion in home equity and other loan products on-chain as of 2025, holds approximately 70% market share in the RWA private credit category, and processes over $1 billion in monthly loan originations through its Provenance Blockchain-native marketplace. Its most recent securitization received a AAA rating from S&P. Figure went public on Nasdaq (ticker: FIGR) with an IPO that raised approximately $787.5 million.

The Provenance Blockchain Foundation is the steward of Provenance Blockchain, a Layer 1 purpose-built for financial services. That chain runs Democratized Prime, a decentralized lending protocol that forms the yield engine beneath Hastra Solana-native products. Protocol success channels back to HASH, Provenance Blockchain native token, rather than through a new proprietary governance token.

How the Protocol Works

The core yield source is Democratized Prime on Provenance Blockchain, where participants lend against pools of tokenized Figure RWA loans. The primary collateral backing those pools consists of Figure-originated home equity lines of credit (HELOCs). Yield comes from actual borrower payments on real property-backed credit rather than token emissions or synthetic leverage.

Hastra tokenizes that yield stream on Solana via two composable instruments. wYLDS is a liquid yield-bearing token representing proportional claims on Hastra diversified RWA pools. It earns yield passively and is fully composable across Solana DeFi. PRIME is a liquid staking token: users stake wYLDS at a one-to-one ratio to mint PRIME, which accrues a boosted yield from the same institutional lending pools while remaining liquid for collateral use elsewhere. The protocol targets up to 8% annualized yield on PRIME.

The RWA Consortium

On December 4, 2025, Figure and Hastra launched a coordinated RWA Consortium on Solana. Kamino Finance is the exclusive on-chain credit and lending partner, with PRIME listed on Kamino Lend. That listing drove Kamino PRIME Market past $600 million in total value locked. Chainlink provides the official oracle infrastructure for both wYLDS and PRIME, and Chainlink Cross-Chain Interoperability Protocol (CCIP) is designated as the bridge for future multi-chain expansion. Raydium supplies foundational liquidity infrastructure through concentrated liquidity pools. Gauntlet manages risk for over $1.5 billion in capital. Privy, a Stripe subsidiary, delivers custodial and self-custodial wallet infrastructure. CASH serves as the official stablecoin partner enabling low-cost borrowing against PRIME.

Figure explicitly disclaimed that it does not issue, endorse, or recommend PRIME or related digital assets, preserving a deliberate separation between the regulated lending business and the DeFi protocol layer.

Market Position

By early 2026, Hastra carried approximately $331 million in total value locked, establishing it as one of Solana leading basis-spread RWA products. Industry analysis of Solana structured credit noted that the category is dominated by basis-trading wrappers and RWA-spread products like Hastra rather than fixed-rate native lending infrastructure common on Ethereum. Solana overall tokenized asset sector reached an all-time high of approximately $827 million with more than 107,000 RWA holders.

The Chainlink oracle integration and Kamino lending depth make Hastra one of Solana more infrastructure-complete RWA protocols. CCIP positions Hastra for cross-chain expansion without rebuilding oracle and bridge layers from scratch.

Design Philosophy

Hastra aims to remove the accredited-investor and opacity barriers that historically limited access to institutional credit yields. wYLDS and PRIME are open to any Solana DeFi participant. The consortium structure separates responsibility across specialists: Figure for loan origination, Provenance Blockchain for settlement and lending, Hastra for Solana-native distribution, and Kamino plus Raydium for liquidity rails.