Sui has teamed up with Figure Technology Solutions to launch YLDS, an SEC-registered yield-generating tokenized security, on the Sui blockchain. This partnership will enable YLDS to support margin trading on DeepBook, allowing stablecoins to be converted into yield-bearing assets. The yield is set at SOFR minus 35 basis points, compounded daily and paid monthly.
The collaboration aims to enhance compliant DeFi access by facilitating instant peer-to-peer transfers and providing 24/7 liquidity for institutional-grade financial products. This move is expected to attract institutional investors seeking regulated and efficient financial solutions in the decentralized finance space.
Sui and Figure Technology Launch SEC-Registered Yield Token YLDS
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