Figure’s YLDS Security Token Launches on Sui, Enhancing U.S. DeFi Liquidity

Figure Technologies has partnered with Sui to introduce YLDS, an SEC-registered security token backed by short-term treasury securities. The token offers a yield of SOFR minus 35 basis points, with daily accrual and monthly payments, available to both retail and institutional investors. This MOVE aims to expand access to regulated financial products within the decentralized finance (DeFi) ecosystem.

The deployment of YLDS on sui eliminates traditional intermediaries, enabling instant peer-to-peer transfers and 24/7 liquidity. Mike Cagney, Figure's co-founder and Executive Chairman, highlighted the initiative as part of a broader strategy to bring yield-bearing security tokens to multiple blockchain networks, democratizing access to compliant financial instruments.

Sui's collaboration with Figure underscores its growing role in the U.S. DeFi and real-world asset (RWA) sectors. The partnership follows Figure's recent Nasdaq IPO, signaling a strategic pivot toward blockchain-based financial solutions.