Figure to launch $YLDS, a public debt security on Solana backing yields with US Treasuries
Crypto Briefing
Figure launched YLDS, a yield-bearing public debt security token on Solana backed by US Treasuries.Summary
Financial technology firm Figure has launched YLDS, a registered, yield-bearing public debt security token natively minted on the Solana blockchain. This new security token offers compliant, on-chain exposure to yields backed by US Treasuries. Figure is partnering with Exponent Finance as the initial ecosystem partner to integrate YLDS into Solana's DeFi applications, which will also introduce fiat on/off ramp capabilities. Figure intends to expand YLDS integrations on Solana to bridge institutional credit with decentralized finance tools.
(Source：Crypto Briefing)