Figure to Tokenize Tens of Millions in Auto Loans via AI-Driven Agora Partnership
Figure announced a strategic partnership with Agora Data to bring AI-driven origination of non-prime auto loans into its Figure Connect Marketplace, targeting tens of millions of dollars of assets. The deal tokenizes loans on the Provenance Blockchain and unlocks Democratized Prime’s warehouse funding, whole-loan sales and securitization channels.
1. Strategic Auto Finance Partnership
On February 26, Figure formed a strategic partnership with Agora Data to introduce AI-driven auto finance assets into its Figure Connect Marketplace, marking its entry into one of the largest consumer credit asset classes without building new origination infrastructure.
2. Integration Workflow and Tokenization
Agora will continue to originate non-prime auto loans using its AI underwriting framework, after which Figure applies AI-enabled quality control and ingests loan data onto the Provenance Blockchain for tokenization and on-chain registry.
3. Expanded Distribution and Liquidity
The partnership will channel tens of millions of dollars into Democratized Prime’s DeFi-native warehouse funding, whole-loan sales and securitization programs, providing standardized, transparent liquidity for originators and investors in Figure’s capital-light, scalable ecosystem.