Introduction of YLDS Security Token
Figure Technology Solutions has made significant strides in broadening the availability of its yield-bearing security token, YLDS, which is registered with the U.S. Securities and Exchange Commission (SEC). This announcement was made on October 14, 2025, following a new alliance between Sui and Figure Technology Solutions’ subsidiary, Figure Certificate Company. The introduction of YLDS into the Sui (SUI) ecosystem marks the launch of a regulated financial product that users can leverage.
Features and Benefits of YLDS
This newly deployed security token is designed to allow users, whether individuals or institutions, to engage in financial activities backed by short-term treasury securities and repurchase agreements. Mike Cagney, the co-founder and executive chairman of Figure, emphasized the importance of this milestone, stating:
“Launching YLDS on Sui is part of a broader vision to introduce SEC-compliant yield-generating tokens across various blockchain platforms. We aim to eliminate traditional intermediaries and enhance access to institutional-level financial offerings.”
Holders of YLDS will enjoy numerous advantages, including the capacity for instant peer-to-peer transactions, continuous liquidity, and opportunities for yield generation. Furthermore, both individual and institutional investors can utilize accessible fiat rails. This deployment reinforces the expanding decentralized finance (DeFi) and real-world asset ecosystems within the Sui network, with SEC registration ensuring compliance in operations.
Significance of YLDS in the DeFi Landscape
Evan Cheng, co-founder and CEO of Mysten Labs, remarked on the significance of YLDS’s introduction to Sui, highlighting it as a crucial enhancement for regulated DeFi. He underscored the platform’s ability to provide compliant, dynamic assets quickly and securely, noting:
“The integration of regulation and yield-bearing stablecoins bolsters Sui’s position as a prime platform for the adoption of real-world assets.”
The deployment of YLDS on Sui will occur through the blockchain’s premier liquidity layer, known as DeepBook, which acts as a foundational yield layer, enabling users to conveniently exchange stablecoins for YLDS. Presently, Sui boasts a total value locked in its DeFi ecosystem of approximately $3.46 billion. According to DeFiLlama, the stablecoin market cap has grown by 18% over the past week, now exceeding $1.09 billion. Additionally, data from rwa.xyz indicates around $17 million is represented in on-chain real-world assets (RWA).
