Morpho draws over $450 million in deposits for PRIME-backed markets in 100 days

Hastra's tokenized home equity product found its demand by letting holders borrow stablecoins against it Tokenizing a real-world asset is the easy part. Getting anyone to actually want it is the hard part. Hastra seems to have cracked at least part of that puzzle. Its PRIME token, which gives exposure to Figure’s home equity loan pools, attracted over $450 million in deposits across Morpho markets in about 100 days. That figure matters because it points to a specific playbook for real-world asset (RWA) adoption. The yield alone was not the hook. The ability to borrow against that yield was. Hastra is a DeFi protocol built in collaboration with Figure and supported by the Provenance Blockchain Foundation.

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