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Solana News Update: Figure's $YLDS: Connecting Wall Street and DeFi Through Regulatory-Compliant Yields

Solana News Update: Figure's $YLDS: Connecting Wall Street and DeFi Through Regulatory-Compliant Yields

Bitget-RWA2025/11/12 21:02
By:Bitget-RWA

- Figure launches $YLDS, a SEC-registered Solana-based stablecoin backed by U.S. Treasuries and repo agreements. - The token bridges traditional finance and DeFi by offering yield-generating, dollar-pegged assets on-chain via Exponent Finance. - $YLDS supports cross-border payments and liquidity provision while complying with U.S. regulations, enhancing Solana's institutional DeFi appeal. - Figure's initiative aligns with Solana's $1B+ RWA market growth, expanding fiat on/off ramps and tokenized asset inte

Figure Unveils $YLDS, a Yield-Generating Debt Instrument on

Secured by U.S. Treasury Assets

Figure Technology Solutions, Inc. (Nasdaq: FIGR) has introduced $YLDS, a publicly registered debt instrument that operates directly on the Solana blockchain. This product delivers returns supported by U.S. Treasuries and repurchase agreements. Developed in collaboration with Exponent Finance, the token is intended to connect traditional and decentralized finance by offering regulatory-compliant, on-chain access to yield-producing assets, as highlighted in a

.

Solana News Update: Figure's $YLDS: Connecting Wall Street and DeFi Through Regulatory-Compliant Yields image 0
$YLDS functions as a stablecoin pegged to the U.S. dollar, maintaining its value while continuously distributing yield to its holders. The security is issued on Solana, a blockchain that is increasingly incorporating yield-focused assets into its DeFi landscape, according to a . The tokens will be issued by Figure Certificate Company, a Figure subsidiary, and are backed by a selection of U.S. government bonds. This initiative is part of Figure’s broader plan to expand the integration of real-world assets (RWA) across blockchains, positioning $YLDS as both a fiat entry/exit point and a core asset for DeFi, as .

Exponent Finance, a prominent yield exchange in Solana’s DeFi space, will be the first to integrate $YLDS, allowing users to tap into yield strategies within decentralized platforms. This partnership highlights Solana’s increasing attractiveness for RWA adoption, with the network’s RWA market nearing $1 billion in value, according to

. Figure has also started accepting Solana (SOL) as collateral for crypto-backed lending, with future plans to support locked and add liquidation protection, as .

This launch represents a significant step for Figure, which has originated loans exceeding $19 billion. CEO Mike Cagney stressed the project’s role in “future-proofing fiat infrastructure on Solana” and bringing an SEC-compliant, yield-bearing stablecoin to the network, as

. Lily Liu, President of the Solana Foundation, remarked that Figure’s involvement accelerates the tokenization of conventional assets, providing more tools for Solana’s DeFi developers, according to .

$YLDS brings three main benefits to Solana: immediate real-world use cases such as international payments and trade settlements, adherence to U.S. securities laws, and smooth compatibility with DeFi applications, according to

. Its structure enables developers to use it for payments, yield farming, and liquidity, potentially strengthening Solana’s reputation as a platform for institutional-grade DeFi, as .

Figure’s initiative reflects a broader movement in blockchain finance, where tokenized assets are increasingly seen as a link between established markets and decentralized platforms. With $YLDS, Figure aims to fill gaps in fiat on/off ramps and yield options, appealing to both individual and institutional investors looking for compliant blockchain-based financial solutions, as

notes.

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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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