Figure Markets Holdings, Inc. has submitted reports to the U.S. SEC Crypto Task Force, proposing the use of its YLDS (Figure Transferable Certificates) for settling Bitcoin, Ethereum, and other non-security crypto assets on the Provenance blockchain. YLDS, an interest-bearing debt security, is regulated under the Securities Act and the Investment Company Act, offering AML/KYC compliance and account transparency. The proposal aims to enhance settlement efficiency and investor protection without classifying the platform as a broker or exchange.
Figure Markets Proposes YLDS for Crypto Settlement to US SEC
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