Sui-Partners-With-Figure-to-Launch-SEC-Registered-YLDS

Sui and Figure Partner to Deploy YLDS

(Source: Sui Foundation)

Sui has announced a strategic partnership with Figure Certificate Company (FCC, a subsidiary of Figure Technology Solutions, Inc.) to launch YLDS natively on the Sui blockchain. YLDS is an SEC-registered yield-bearing security. Sui designed this effort to expand access to regulated financial products within the Sui ecosystem. The announcement follows Figure’s recent Nasdaq listing (FIGR), highlighting Figure’s renewed focus on Sui.

YLDS is an SEC-registered debt security supported by short-term U.S. Treasury bills and repurchase agreements, delivering a yield of SOFR minus 35 bps. Investors accrue interest daily and receive monthly payouts. It is available to both individual and institutional investors, enabling instant peer-to-peer transfers and 24/7 liquidity. YLDS offers a compliant and convenient way to earn yield on USD stablecoins. Holders can use fiat on-ramps and off-ramps and yield-bearing digital dollars directly.

Positioning Sui as a Compliant DeFi Hub

This strategic partnership reflects Sui’s ongoing expansion into U.S. real-world assets (RWA) and DeFi. Sui will provide compliant infrastructure to enable next-generation digital financial services.

Mysten Labs CEO Evan Cheng, Sui’s original contributor, commented: “Bringing YLDS to Sui upgrades compliant DeFi. Institutions can leverage Sui’s speed and security to access dynamic assets, further strengthening Sui’s leadership in real-world asset integration and institutional-grade financial infrastructure.”

Unlocking New Compliant DeFi Opportunities

YLDS combines regulated fintech expertise with on-chain yield functionality. By issuing YLDS directly on Sui, developers, institutions, and users can use regulated stablecoins for instant liquidity and transfers. Sui users gain direct fiat access and new on-chain yield opportunities.

Enabling DeepBook Margin Trading

The initial phase of the partnership focuses on DeepBook, Sui’s core liquidity layer and largest SUI trading platform. DeepBook will roll out a margin trading system using isolated stablecoin lending pools to generate revenue from trading, lending fees, and liquidations. YLDS will serve as the foundational yield layer. Stablecoins can be natively converted into YLDS on Sui, maximizing capital efficiency.

Risk Disclosure

The key risks of YLDS stablecoins are outlined below:

1. Investment products are not FDIC insured, not guaranteed by banks, and may result in loss of principal.
2. FCC, as issuer, backs its securities only with FCC assets; they are not bank deposits or guaranteed by financial institutions.
3. Investors should thoroughly review the prospectus to understand risks, fees, and investment objectives.
4. YLDS yields SOFR minus 35 bps (minimum 0%).

FCC’s reserve assets are managed by Figure Investment Advisors, LLC and are subject to applicable investment and regulatory constraints.

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Summary

This partnership between Sui and Figure marks the start of a broad strategic collaboration. Sui and Figure are exploring further opportunities, including the potential for SUI tokens to be used as collateral on Figure’s lending platform.