Ondo’s $25M Commitment Boosts Figure’s $YLDS Stablecoin in Tokenized Asset Ecosystem
Strategic Investment Enhances Institutional Access to Blockchain-Based Treasury Yields
In a significant move for institutional on-chain finance, Figure Technology Solutions (NASDAQ:FIGR) has announced a $25 million investment by Ondo Finance in its $YLDS stablecoin. The funds will directly support Ondo’s flagship tokenized treasury product, the Ondo Short-Term US Treasuries Fund (OUSG), cementing $YLDS as a foundational yield source within the rapidly expanding landscape of tokenized real-world assets (RWAs).
$YLDS Stablecoin Gains Ground as an Interest-Bearing, SEC-Registered Asset
The $YLDS stablecoin, issued by Figure’s subsidiary Figure Certificate Company (FCC), stands out from most digital stablecoins in the market by functioning as an SEC-registered security. Unlike traditional stablecoins that simply track value, $YLDS pays interest to holders and is fully backed by the same types of assets supporting other leading stablecoins, while adhering to stricter regulatory oversight. Its integration into OUSG will diversify and institutionalize the tokenized treasury yield pool, providing accredited investors with a more robust and transparent return structure.
| Feature | $YLDS Stablecoin | Market Context |
|---|---|---|
| Investment Size | $25,000,000 | Ondo Finance backing OUSG fund |
| Issuer | Figure Certificate Company | Wholly-owned by Figure (NASDAQ:FIGR) |
| Yield | Interest-bearing (registered security) | Distinguishes from non-yielding stablecoins |
| Blockchain Platform | Provenance Blockchain | $19B+ in RWAs originated via Figure |
| Primary Use | Collateral in DeFi pools (e.g., Democratized Prime) | Supports tokenized HELOC and treasury assets |
Expansion Aims to Drive Adoption of On-Chain Real-World Asset Lending
Figure’s growing capital marketplace and Ondo’s leadership in tokenized assets align to accelerate adoption of on-chain lending and investing by institutional players. With more than $19 billion in home equity and other loans originated using Figure’s Provenance Blockchain-native platform, the integration of $YLDS into OUSG provides investors with exposure to real-world collateral via a digital, regulated product. Notably, $YLDS serves as the core collateral for Figure’s Democratized Prime, an on-chain marketplace utilizing Dutch auction mechanics for borrow/lend pools backed by tokenized home equity lines of credit (HELOCs) and other RWAs.
Industry Leaders Signal Long-Term Commitment to Blockchain-Powered Finance
Michael Tannenbaum, Figure’s CEO, described the partnership as an inflection point: “This partnership bolsters the dominance of the $YLDS stablecoin in tokenized real-world assets.” He highlighted the shared vision between Figure and Ondo to make money movement faster, more transparent, and inclusive using blockchain rails. Ian De Bode, President of Ondo Finance, emphasized that integrating $YLDS enhances OUSG’s diversification and cements its reputation as the preferred institutional on-chain vehicle.
What’s Next for Investors?
This collaboration reflects a maturing digital asset ecosystem where registered, yield-generating products attract serious institutional capital. The combined experience and reach of Figure and Ondo put both firms at the forefront of on-chain finance, with Figure boasting over 200 platform partners and a proven track record of bringing traditional asset origination and servicing on-chain. For those following the growth of tokenized RWAs and institutional blockchain adoption, $YLDS and OUSG are products to watch as new standards in yield generation and risk management emerge.
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