Figure introduces SEC-registered yield-generating Token YLDS to Sui Blockchain

Golden Finance reports that Figure Technology Solutions (FIGR) has announced the launch of its SEC-registered yield-bearing security token YLDS on the Sui Blockchain, marking the first time this token will be available on a Layer 1 network outside of the Provenance Blockchain. YLDS is backed by short-term U.S. Treasury bonds and repurchase agreements. Figure co-founder Mike Cagney stated that this is the first step in deploying SEC-compliant yield-bearing security tokens across multiple blockchains, aimed at removing traditional intermediaries and allowing more users equal access to institutional-level financial products.