Figure introduces SEC-registered yield-bearing security token YLDS to the Sui blockchain

Jinse Finance reported that Figure Technology Solutions (FIGR) announced the launch of its SEC-registered yield-bearing security token YLDS on the Sui blockchain, marking the first time this token is available on a Layer 1 network outside of the Provenance blockchain. YLDS is backed by short-term US 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, aiming to remove traditional intermediaries and provide more users with equal access to institutional-grade financial products.