UPDATE -- Figure brings $YLDS to Solana, unlocking real RWA utility for DeFi

Core Insights - Figure Technology Solutions, Inc. announced the minting of $YLDS, a registered public debt security stablecoin on the Solana blockchain, designed to maintain a fixed dollar price and provide continuous yield backed by U.S. Treasuries and Treasury repo agreements [1][6] - The collaboration with Provenance Blockchain Foundation aims to enhance real-world asset applications in decentralized finance (DeFi) on Solana, allowing users to access yield from various Figure assets [2][4] - $YLDS is expected to provide significant advantages to the Solana ecosystem, including real-world utility, developer-ready composability, and institutional-grade credibility [6][7] Company Overview - Figure Technology Solutions operates a capital marketplace that connects origination, funding, and secondary market activities, with over 200 partners and more than $19 billion in home equity originated [5] - The company is recognized as a market leader in real-world asset tokenization, with its recent securitization receiving a AAA rating from S&P, marking a significant achievement in blockchain finance [7] Product Features - $YLDS is a yield-bearing stablecoin that offers immediate practical applications, already integrated with Figure's Democratized Prime product and soon with Exponent Finance's yield exchange protocol on Solana [6] - The stablecoin serves as a foundational asset for developers in the Solana DeFi ecosystem, providing a stable, yield-generating core for various applications [6] - Figure's compliance-first approach and proven operational history enhance the credibility of $YLDS, distinguishing it from speculative projects in the market [6][7]