Figure to launch $YLDS, a public debt security on Solana backing yields with US Treasuries

Figure, a financial technology firm, has launched YLDS, a yield-bearing public debt security token, natively on the Solana blockchain. The token is backed by US Treasuries, offering compliant on-chain exposure to traditional financial yields.

YLDS is designed as a registered public debt security with yield features and is intended for native minting on blockchain ecosystems. Its integration into Solana enhances decentralized finance (DeFi) applications by incorporating yield-bearing assets, providing investors with a secure and efficient mechanism for accessing traditional yields.

Figure has partnered with Exponent Finance, the initial ecosystem partner, to integrate YLDS on the Solana blockchain. This collaboration enables DeFi traders to access compliant yield mechanisms, combining the attributes of traditional finance with decentralized systems.

YLDS introduces fiat on/off ramp capabilities to the Solana ecosystem, streamlining transitions between traditional finance and decentralized applications (dApps). This feature facilitates greater user adoption by providing seamless interoperability between the two financial worlds.

Figure plans to expand Solana-native integrations of YLDS, focusing on connecting institutional credit with composable DeFi tools. This strategic move is expected to strengthen the presence of traditional financial assets within the decentralized finance network.