Figure Technology Solutions has announced the deployment of its SEC-registered, yield-bearing token YLDS on the Sui blockchain, marking the first time the security token has been introduced outside of the Provenance network. The initiative signifies a major milestone in connecting traditional financial instruments with decentralized finance (DeFi), while also expanding user access to regulated, yield-generating assets.
The launch enables Sui users to earn yield from tokenized U.S. Treasurys, supported by integration with Sui’s native trading venue, DeepBook. The collaboration between Figure and Sui is designed to merge institutional-grade financial products with blockchain accessibility, creating a bridge between traditional finance and decentralized trading ecosystems.
Expanding Beyond Provenance
Originally launched on the Provenance blockchain, YLDS represents a debt security instrument backed by short-term Treasurys and repurchase agreements. The token accrues yields daily, calculated based on the Secured Overnight Financing Rate (SOFR) minus 35 basis points. By extending YLDS to the Sui network, Figure has significantly broadened the reach of its regulated product, providing investors with new avenues to access yield-bearing assets through blockchain-based infrastructure.
The integration on Sui allows YLDS to function within multiple financial use cases, including its connection to DeepBook, Sui’s primary decentralized trading platform. Through this integration, DeepBook users can automatically convert stablecoins into YLDS, enabling a more seamless engagement with yield-bearing assets. This automation reduces reliance on intermediaries and introduces a more efficient process for users seeking daily returns on blockchain-based financial instruments.
DeFi Meets Traditional Finance
The Figure–Sui partnership represents an important advancement in blending DeFi protocols with traditional finance mechanisms. Users can now earn regulated yields from tokenized Treasurys without leaving the Sui ecosystem, while future developments are expected to enhance the platform’s functionality further. Upcoming features such as margin trading will likely benefit from this integration, with YLDS serving as a key component in liquidity and collateral management.
Another step forward for DeFi. We’re teaming up with @SuiNetwork to bring the first SEC-registered stablecoin, YLDS, natively to Sui.
As part of this, @DeepBookonSui's new margin system will integrate YLDS to transform idle USDC into yield-bearing assets. pic.twitter.com/xWq9MsTTtE
— Figure (@Figure) October 14, 2025
The initiative also reflects a growing industry trend of tokenizing real-world assets (RWAs) to offer stable, compliant investment options within decentralized platforms. By combining the security of traditional instruments with the efficiency of blockchain, Figure and Sui are establishing a framework for more transparent and accessible financial products.
Broader Vision for SEC-Compliant Tokens
Mike Cagney, co-founder of Figure, outlined that the introduction of YLDS on Sui represents only the first phase of a broader strategy to expand SEC-compliant, yield-bearing security tokens across multiple blockchain networks. The company’s long-term vision is to democratize access to institutional-grade products by using blockchain to eliminate traditional intermediaries and lower participation barriers for investors.
Figure intends to continue building partnerships with blockchain ecosystems that share its focus on regulatory compliance and innovation. Future plans include allowing users to mint YLDS directly on Sui, introducing fiat on- and off-ramp functionality that would enable seamless USD transactions without reliance on centralized exchanges. This feature could substantially change how users navigate between crypto assets and traditional currency systems.
Positioning for the Future of DeFi
Further integrations between YLDS and Sui’s native token are also expected, supporting Figure’s aim to become a leading player in decentralized finance. By extending its tokenized products beyond Provenance and into new blockchain ecosystems, Figure is positioning itself at the forefront of a financial transformation that merges compliance, yield generation, and digital accessibility.
The deployment of YLDS on Sui not only broadens investor opportunities but also underscores a shift toward regulated blockchain-based financial instruments that align with institutional standards. As the collaboration matures, both companies appear poised to contribute significantly to the evolution of tokenized finance and the wider adoption of compliant digital assets.