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UPDATE -- Figure brings $YLDS to Solana, unlocking real RWA utility for DeFi
$YLDS will deliver fiat on/off ramp capabilities and a yielding stablecoin to the Solana ecosystem and sets the stage for Solana-native Figure RWA
About this update from Figure Technology Solutions, Inc.
[{"type":"text","content":"$YLDS will deliver fiat on/off ramp capabilities and a yielding stablecoin to the Solana ecosystem and sets the stage for Solana-native Figure RWA applications\nNEW YORK, Dec. 10, 2025 (GLOBE NEWSWIRE) -- Figure Technology Solutions, Inc. (Nasdaq: FIGR) today announced that its subsidiary, Figure Certificate Company (FCC), intends to begin minting $YLDS, a registered public debt security, natively on Solana. $YLDS is a security-version of stablecoin, designed to maintain a fixed dollar price and provide a continuous yield backed by U.S. Treasuries and Treasury repo agreements. Exponent Finance, a decentralized finance yield exchange platform on Solana, intends to be the first user of $YLDS. The move marks the beginning of a broader, long-term ambition between Figure and Provenance Blockchain Foundation to build on Solana. As part of its efforts to promote real-world asset applications in DeFi, Figure intends to work with Provenance Blockchain to allow Solana users to access yield from a variety of Figure assets, including loans. Over the coming weeks, Figure expects to expand this collaboration with additional Solana-native integrations and initiatives that further demonstrate its leadership in bringing compliant, decentralized finance to scale. “We are thrilled to partner with Exponent Finance as a first mover in bringing $YLDS to the Solana ecosystem,” said Mike Cagney, Figure’s co-founder and executive chairman. “We see this as a way to future-proof fiat rails onto Solana while bringing an SEC-registered yielding stablecoin to the ecosystem.” Builders on Solana will be able to access $YLDS for payment, cross-border remit, yield and settlement applications, including directly settling SOL trades with $YLDS. In the spirit of the partnership, Figure has begun accepting SOL as collateral for crypto-backed loans with the intent to expand this to locked SOL and adopt Figure’s liquidation protection option for SOL-backed loans. “Real-world assets (RWAs) on Solana are quickly approaching $1B, as everything from traditional assets to real estate and more are tokenized on onchain,\" said Lily Liu, President, Solana Foundation. \"Figure’s integration builds on that momentum and demonstrates how regulated, yield-generating assets can enhance utility across the Solana ecosystem.” Figure believes $YLDS will deliver three key advantages to ...