Figure to launch $YLDS, a public debt security on Solana backing yields with US Treasuries
Key Takeaways
- Figure launched YLDS, a yield-bearing public debt security token, natively on Solana blockchain.
- YLDS is backed by US Treasuries, offering compliant on-chain exposure to traditional financial yields.
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Figure, a financial technology firm expanding real-world asset integrations across blockchain networks, today launched YLDS, a registered public debt security designed for native minting on blockchain ecosystems with yield features.
The token launches on Solana, a blockchain platform incorporating yield-bearing assets into its decentralized finance applications, with backing from US Treasuries.
Figure is collaborating with Exponent Finance as the initial ecosystem partner to integrate YLDS on Solana, enabling DeFi traders to access compliant yield mechanisms.
YLDS introduces fiat on/off ramp capabilities to Solana, facilitating seamless transitions between traditional finance and decentralized applications. Figure is planning expansions of Solana-native integrations for YLDS, aiming to connect institutional credit with composable DeFi tools.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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