Sui Partners with Figure Technology Solutions to Deploy YLDS on Sui

Core Insights - Figure Technology Solutions, Inc. has announced a strategic partnership with Sui to deploy its SEC-registered yield-bearing security token, YLDS, natively on the Sui blockchain [1][4] - The partnership aims to enhance yield generation through Sui's DeepBook, facilitating margin trading and providing liquidity for stablecoin conversions into yield-bearing assets [2][5] Company Overview - Figure Technology Solutions, Inc. is transforming capital markets by eliminating traditional intermediaries through its Provenance Blockchain infrastructure, achieving over $16 billion in originations across 160+ institutional partners [10][11] - The company’s platform utilizes proprietary technology for on-chain asset custody and lien perfection, enabling better rates for consumers and improved returns for lenders [12] Product Details - YLDS is a SEC-registered debt security backed by short-term treasury securities, yielding SOFR minus 35 basis points, with daily accrual and monthly payments [2][11] - The deployment of YLDS on Sui will allow users to convert stablecoin holdings into yield-bearing assets, enhancing access to fiat and liquidity [3][6] Strategic Initiatives - The partnership with Sui represents the first step in a broader initiative to deploy SEC-compliant, yield-bearing security tokens across multiple blockchain networks [4][6] - Future collaborations may include integrating the SUI token as a collateral asset in Figure's lending platform, further expanding the ecosystem [6]