Kamino Launches AUTO Token Backed by U.S. Auto Loan Proceeds

Kamino introduces AUTO, a permissionless RWA token secured by near-prime U.S. auto loan yields, integrating Agora Data and Figure Forge on Solana.

Woofun AI reports that Kamino has introduced AUTO, a permissionless real-world asset token collateralized by near-prime auto loan yields in the United States. The initiative involves Agora Data as the underwriter, Figure Forge for support, and Hastra for issuance on Solana, with Chainlink providing data stream integration.