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Figure Deploys SEC-Registered YLDS Token on Sui Blockchain for Yield Access
Yahoo Finance· 2025-10-14 16:49
Core Insights - Figure Certificate Company is launching its SEC-registered security token YLDS on the Sui blockchain, providing regulated yield and direct USD access without traditional crypto exchanges [1][2] - YLDS offers a yield of SOFR minus 35 basis points, backed by short-term treasury securities, distinguishing it from unregulated stablecoins [4][2] - The integration of YLDS with Sui's blockchain enables instant peer-to-peer transfers while adhering to regulatory frameworks [5][6] Company Overview - Figure Certificate Company is registered with the SEC as a face-amount certificate company under the Investment Company Act of 1940, ensuring regulatory oversight for YLDS [2] - The company has submitted letters to the SEC regarding YLDS trading pairs as a settlement mechanism for non-security crypto assets, indicating proactive regulatory engagement [7] Industry Context - The Secured Overnight Financing Rate (SOFR) serves as the benchmark interest rate for dollar-denominated loans and derivatives, having replaced LIBOR in 2023 [3] - YLDS provides a yield-bearing alternative to traditional stablecoins, which typically maintain a fixed one-dollar peg without yielding returns [4][6] - The collaboration between Figure and Mysten Labs aims to connect regulated financial products with blockchain technology, reflecting a trend towards integrating traditional finance with digital assets [6]
Sui Partners with Figure Technology Solutions to Deploy YLDS on Sui
Globenewswire· 2025-10-14 12:30
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]
X @aixbt
aixbt· 2025-09-29 19:11
sui hired 12 former blizzard devs and built sponsored transactions so gamers never see gas fees. deepbook now processes 40% gaming volume vs 12% six months ago. three gaming platforms just launched simultaneously with $47m backing. first blockchain where game developers pay transaction costs instead of players making micro-transactions profitable at scale. ...
X @Sui
Sui· 2025-08-27 17:03
Sui Ecosystem Focus - Grayscale is hosting a live event on September 4, 2025, at 1 PM ET to discuss key protocols within the SuiNetwork ecosystem [1] - The event will focus on DeepBook ($DEEP) and WalrusProtocol ($WAL) [1] Protocol Highlights - DeepBook and WalrusProtocol are identified as two foundational protocols within the SuiNetwork [1]
X @Sui
Sui· 2025-08-12 13:48
Grayscale is doubling down on the Sui ecosystem 🧱Now launching:🦭 Walrus Trust - @WalrusProtocol, the data layer for Web3.📘 DeepBook Trust - @DeepBookonSui, Sui’s native CLOB liquidity for DeFiTwo core parts of the Sui stack.One fullstack, institutional-grade platform.Grayscale (@Grayscale):We're excited to announce two new products, the Grayscale DeepBook and Walrus Trusts $DEEP $WAL.Built on @SuiNetwork, $WAL helps enable decentralized data management at scale, while $DEEP serves as the foundational liquid ...
X @The Block
The Block· 2025-08-12 13:00
New Product Launch - Grayscale launches DeepBook and Walrus trusts [1] - The trusts offer exposure to DEEP and WAL tokens [1] - DEEP and WAL are two Sui protocols [1]
Grayscale® Launches Grayscale® DeepBook Trust and Grayscale® Walrus Trust
Globenewswire· 2025-08-12 13:00
Core Insights - Grayscale has launched two new investment trusts, Grayscale DeepBook Trust and Grayscale Walrus Trust, providing exposure to the DEEP and WAL tokens within the Sui blockchain ecosystem [1][6]. Company Overview - Grayscale is the world's largest digital asset-focused investment platform, founded in 2013, with a decade-long track record in the digital economy [12]. Product Details - The DeepBook Trust and Walrus Trust are designed to offer investors direct exposure to the DeepBook and Walrus protocols, which are integral to the Sui ecosystem [3][6]. - DeepBook functions as a central limit order book on the Sui blockchain, providing a foundational liquidity layer for decentralized finance (DeFi) applications, enhancing price execution and minimizing latency [3][5]. - Walrus serves as a global data layer for on-chain builders, addressing challenges in decentralized systems by enabling secure, programmable, and scalable data management [4][5]. Ecosystem Impact - Both protocols are positioned to support the financial and data infrastructure necessary for the real-world adoption of the Sui ecosystem, with growth expected as user and developer activity increases [5][6]. - The Sui blockchain, developed by Mysten Labs, is a high-performance Layer 1 blockchain that emphasizes speed, low fees, and seamless user experiences, utilizing parallel transaction processing and the Move programming language [2].