Figure Technology Solutions has announced the deployment of its SEC-registered yield-based security token, YLDS, on the Sui blockchain. This marks the first time YLDS is available on a Layer 1 public blockchain outside of Provenance. The token, backed by short-term U.S. Treasury bonds and repurchase agreements, offers daily interest accrual and monthly payments based on the Secured Overnight Financing Rate (SOFR) minus 35 basis points.
The collaboration with Sui aims to enhance DeepBook, Sui's ecosystem limit order book, by generating yield and supporting upcoming margin trading. Stablecoins on DeepBook will be automatically converted to YLDS, providing users with direct fiat on/off access to US dollars without traditional exchanges. Further integration of YLDS and SUI is planned.
Figure Launches SEC-Registered YLDS Token on Sui Blockchain
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.

