A vehicle is likely more than just a token possession to most individuals, as is that installment sales contract to the finance company.

But a recent collaboration involving Agora Data and Figure are turning auto loans into valuable tokens.

In what the companies see as a first-of-its-kind milestone for the auto industry: Agora-originated auto loans are now publicly available on Figure, a leading blockchain-native marketplace for the origination, funding, sale, and trading of tokenized real-world assets.

Executives said this milestone manifested from the strategic partnership between Agora and Figure first announced on Feb. 26. They said it confirms that consumer auto loans can now exist as real-time, investable, blockchain-based real-world assets (RWAs), openly accessible to qualified market participants for the first time.

“This achievement represents a structural transformation in auto finance,” Agora Data chief executive officer Steve Burke said in a news release. “Auto loans are no longer confined to closed balance sheets traditionally held and managed inside financial institutions.

“Bringing them on-chain enables transparency, intelligence, and broader participation, while supporting smarter, more profitable consumer loan originations,” Burke continued.

Here’s how the platform is designed to work.

Publicly available auto contract assets are delivered through ALTRUVO, Agora Data intelligence-powered, blockchain-based auto finance platform built on Figure infrastructure.

ALTRUVO then integrates Agora proprietary AI-driven underwriting, financing intelligence, and asset-level validation, enabling scalable, data-driven origination while expanding access to funding.

As part of the partnership, Agora also serves as the preferred independent review partner for auto contract assets on the Figure platform.

Agora AI-powered analytics then provide asset-level verification, performance transparency, and safeguards designed to prevent duplicate representation.

The companies said each contract is uniquely validated, accurately tracked, and continuously monitored, strengthening investor confidence and maintaining data integrity across on-chain portfolios.

Through the Figure platform, democratized prime participants can view and lend against auto finance assets, supporting liquidity and operational efficiency.

“Public availability is a defining characteristic for blockchain-based capital markets,” Figure chief capital officer Todd Stevens said in the news release. “Agora’s underwriting rigor, data discipline, and independent asset review capabilities support investor confidence.

“Auto loans are a compelling expansion of blockchain-enabled structured finance, grounded in real-world performance,” Stevens added.

Investors can get exposure to the auto asset class via DemoPrime on the Figure platform, which is available through the Figure app or by visiting https://www.figuremarkets.com/c/democratized-prime/lending-pools.

Through Figure blockchain-native marketplace, qualified participants can directly engage with auto finance portfolios, introducing new liquidity, transparency, and accessibility into the $1.6 trillion U.S. auto finance market.

The companies highlighted public availability of these assets established a foundation for continued expansion.

Agora and Figure mentioned additional auto finance portfolios are expected to be added over time, supporting increased liquidity, broader participation, and deeper convergence between fintech, structured finance, and blockchain-based markets.

“Historically, auto contracts have remained confined to institutional balance sheets. While they generate cash flow, these instruments have offered limited transparency, restricted access, and minimal flexibility for broader market participation. Visibility into ownership, performance, and validation has largely been limited to closed systems,” the companies said.

“Together, Agora Data and Figure have moved auto finance from closed systems to open markets, and from concept to execution to public access,” they went on to say.