Fintech company Figure Technologies and asset management firm Hastra have reached a partnership aimed at expanding tokenized lending business into the auto loan sector through the Provenance blockchain. According to the cooperation agreement, both parties will utilize blockchain technology to digitize, pool, and securitize auto loans to enhance asset liquidity and reduce financing costs. Figure stated that this expansion is another significant move in its real-world asset (RWA) tokenization field, following its work in residential mortgage loans (HELOC).(Cointelegraph)