Figure Launches YLDS Token on Solana Blockchain
- Figure has introduced YLDS, a yield-bearing public debt security token, on the Solana blockchain.
- The YLDS token is backed by US Treasuries, providing compliant on-chain exposure to traditional financial yields.
- Figure collaborates with Exponent Finance to integrate YLDS into Solana’s decentralized finance (DeFi) applications.
- YLDS enables fiat on/off ramp capabilities on Solana, bridging traditional finance and decentralized applications.
- The initiative aims to connect institutional credit with composable DeFi tools through Solana-native integrations.
Figure has launched the YLDS token on the Solana blockchain, offering a compliant way for DeFi traders to access yields backed by US Treasuries. The collaboration with Exponent Finance enhances Solana’s DeFi ecosystem by integrating real-world asset exposure and facilitating seamless transitions between traditional and decentralized finance.
Source (3.2)https://cryptobriefing.com/figure-yls-public-debt-security-solana-us-treasuries/?rand=59535
