SEC-Registered YLDS Token Launched by Figure on Sui Blockchain for Enhanced Yield Access
Introducing a New Security Token Offering SOFR Minus 35 Basis Points Yield, Backed by Treasury Securities and Facilitating Direct Fiat Transactions
Key Points
- Figure Certificate Company is deploying its SEC-registered security token YLDS on the Sui blockchain.
- YLDS yields SOFR minus 35 basis points and is backed by short-term treasury securities.
The Figure Certificate Company revealed on October 14 that its SEC-registered security token YLDS will be deployed on the Sui blockchain.
This token offers regulated yield and direct USD on- and off-ramps, bypassing traditional crypto exchanges.
Details About YLDS
YLDS yields SOFR minus 35 basis points and is backed by short-term treasury securities, as stated by the Sui Foundation.
The Figure Certificate Company is registered with the SEC as a face-amount certificate company under the Investment Company Act of 1940, making YLDS distinct from unregulated stablecoins.
The Secured Overnight Financing Rate, or SOFR, is the benchmark interest rate for dollar-denominated loans and derivatives. It became the primary reference rate for US financial markets in 2023, replacing LIBOR.
YLDS holders receive SOFR minus 35 basis points with daily accrual, as per Figure’s marketing materials. This provides exposure to risk-free rates, as the yield tracks short-term treasury performance.
Most stablecoins maintain a fixed one-dollar peg without yielding returns. YLDS accrues interest daily while remaining redeemable for dollars. The SEC registration adds regulatory oversight absent in typical stablecoin structures.
Integration and Future Plans
YLDS gives Sui users direct USD access without routing through centralized exchanges. Native deployment on Sui enables instant peer-to-peer transfers with the regulatory framework of traditional securities.
Figure and Sui are exploring integrating the SUI token as collateral in Figure’s lending platform. No timeline has been announced.
YLDS will be the yield layer for DeepBook, Sui’s native central limit order book and liquidity platform. It will support DeepBook’s upcoming margin trading system, though no launch date was announced.
The collaboration between Figure and Mysten Labs connects regulated financial products with Sui’s blockchain protocol. Similar SEC-approved products have entered the market, including Hashdex’s crypto index ETF covering Bitcoin, Ethereum, XRP, and Solana.
As stablecoin activity grows, YLDS offers a yield-bearing alternative. Figure’s counsel submitted letters to the SEC in April and May 2025 regarding YLDS trading pairs as a settlement mechanism for non-security crypto assets, according to SEC filings. The company filed Amendment 6 to its Form S-1 Registration Statement in Feb. 2025.
Community response has been positive.
From a technical standpoint, the SUI token is currently showing bearish signals across short-term timeframes. Analysis of the SUI/USDT pair indicates a downward trend on the 1-minute, 15-minute, and 1-hour charts, with key indicators like the SuperTrend signaling a short position.
Traders are closely watching key price levels. The immediate resistance zone is identified between $2.7875 and $2.7902, where selling pressure may increase. On the downside, initial support is found in the range of $2.6781 to $2.6755. A break below this level could signal further bearish momentum for the token in the near term.
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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