Sui and Figure Deploy SEC-Registered YLDS Token on Sui After Figure’s Nasdaq Debut

Figure Certificate Company has launched YLDS, an SEC-registered yield-bearing security token, natively on the Sui blockchain. This MOVE aims to expand access to regulated, yield-bearing dollar instruments within Sui's growing DeFi ecosystem. The partnership follows Figure Technology Solutions' recent Nasdaq listing under the ticker FIGR, signaling a push to integrate public-company, regulated products into consumer-grade blockchains.

YLDS is structured as a debt security backed by short-term Treasury securities and repurchase agreements involving Treasuries. The token offers a yield set at SOFR minus 35 basis points, with interest accruing daily and paid monthly. It is available to both retail and institutional buyers, combining on-chain liquidity and peer-to-peer transferability with the oversight of a registered public security.

Mike Cagney, co-founder and Executive Chairman of Figure, described the launch as the beginning of a broader initiative to deploy SEC-registered, yield-bearing security tokens across multiple blockchain networks. The collaboration with sui marks a significant step in bridging traditional finance with decentralized ecosystems.