Sui to launch yield-bearing security YLDS

Foresight News reported that Sui announced it is collaborating with Figure Certificate Company (FCC, a subsidiary of Figure Technology Solutions) to deploy SEC-registered yield-bearing securities YLDS on the native Sui platform.

YLDS are SEC-registered debt securities backed by short-term U.S. Treasury bonds and Treasury repo agreements. Their yield is calculated as the Secured Overnight Financing Rate (SOFR) minus 35 basis points, with returns accruing daily and paid monthly.