Fintech company Figure Technologies has partnered with asset management firm Hastra, aiming to expand tokenized credit businesses into the auto loan sector through the Provenance blockchain. Under the cooperation agreement, both parties will use blockchain technology to digitize, pool, and securitize auto loans in order to enhance asset liquidity and reduce financing costs. Figure stated that this expansion is another important move in its real-world asset (RWA) tokenization efforts following its work in residential mortgage loans (HELOC).(Cointelegraph)