Figure to Launch $YLDS on Solana Backed by US Treasuries
Figure plans to issue $YLDS, a tokenized public debt security on Solana whose yield stream is backed by US Treasuries. By anchoring returns to government paper, the offering is positioned as a lower-risk on‑chain income product compared with typical crypto-native yield strategies, while leveraging Solana’s throughput for fast settlement and composability.
The move could matter for both DeFi and traditional investors: tokenizing Treasury-backed yields may make fixed-income exposure more accessible and programmable, potentially attracting institutions seeking transparent, crypto-native exposure to sovereign credit. Key things to watch are liquidity for $YLDS, custody arrangements for the underlying Treasuries, and evolving regulatory clarity that will affect market adoption and how these hybrid products are structured.