Figure Technology Solutions, through its subsidiary Figure Certificate Company, has expanded the availability of its SEC-registered yield-bearing security token, YLDS, to the Sui blockchain. This deployment, announced on October 14, 2025, marks a significant step in integrating traditional financial products with decentralized finance (DeFi). YLDS is backed by short-term treasury securities and repurchase agreements, offering holders a yield of SOFR minus 35 basis points with daily accrual, providing exposure to risk-free rates.
The partnership between Sui and Figure aims to democratize access to institutional-grade financial products by eliminating traditional intermediaries. YLDS enables peer-to-peer transfers with 24/7 liquidity and integrates with Sui's native liquidity layer, DeepBook, facilitating easy swaps between stablecoins and YLDS tokens. Mike Cagney, co-founder and executive chairman of Figure, stated that this is the first step in a broader initiative to introduce SEC-registered, yield-bearing security tokens to multiple blockchain platforms.
Sui's DeFi ecosystem has seen rapid growth, with a total value locked (TVL) of approximately $3.46 billion and an 18% increase in stablecoin market cap over the past week, now surpassing $1.09 billion. Evan Cheng, co-founder and CEO of Mysten Labs, emphasized the importance of regulated DeFi in offering compliant and dynamic assets with enhanced security and speed. Additionally, Figure and Sui are exploring the integration of the SUI token as collateral in Figure's lending platform, though no timeline has been announced. This collaboration strengthens Sui's position as a leading platform for real-world asset adoption in DeFi.
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