Real-World Asset (RWA) Integration - Figure is introducing $YLDS to Solana, expanding the integration of real-world assets into the DeFi space [1] - $YLDS, a registered public debt security, will be natively minted on Solana [1] Yield Generation - $YLDS provides continuous yield backed by U S Treasuries [1] - This yield will be accessible to Solana ecosystem partners [1]

Industry Trend - Figure 将其 SEC 注册的、产生收益的证券型代币 YLDS 带到 Sui 区块链 [1]

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]

Partnership Highlights - YLDS, Figure's SEC-registered, yield-bearing stablecoin, will be issued natively on Sui [1] - Partnership provides USD on/off-ramps through YLDS [1] - SUI is considered as a potential collateral on Figure [1] - Partnership aims to provide compliant, scalable DeFi infrastructure [1]

DeFi Innovation - Figure 与 SuiNetwork 合作，将首个 SEC 注册的稳定币 YLDS 原生引入 Sui 网络 [1] - DeepBookonSui 的新保证金系统将整合 YLDS，将闲置的 USDC 转化为产生收益的资产 [1]

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]

Partnerships & Integrations - YLDS, Figure's SEC-registered, yield-bearing stablecoin, is now issued natively on Sui [1] - This partnership brings USD on/off-ramps through YLDS [1] - SUI will be used as collateral on @Figure [1] - The partnership aims to provide compliant, scalable DeFi infrastructure [1]

Partnerships & Integrations - Figure's SEC-registered, yield-bearing stablecoin YLDS is now natively issued on Sui [1] - The partnership enables USD on/off-ramps through YLDS [1] - SUI can be used as collateral on Figure Markets [1] - The collaboration aims to provide compliant and scalable DeFi infrastructure [1]