Sui partners with Figure to deploy YLDS on Sui

Figure (FIGR) Technology Solutions announced a strategic partnership between Sui and Figure Certificate Company, FCC, or “Figure”, a subsidiary of Figure Technology Solutions. FCC will deploy YLDS, its SEC-registered yield-bearing security token, natively on the Sui blockchain. “Issuing YLDS on Sui represents the beginning of a broader initiative to deploy SEC-compliant, yield-bearing security tokens across multiple blockchain networks,” said Mike Cagney, Co-Founder and Executive Chairman of Figure. “We’re proud to take this first step with Sui and remove traditional intermediaries in order to level the playing field and democratize access to institutional-grade financial products.”