Figure (Nasdaq: FIGR) introduced on Dec 10, 2025 that subsidiary Figure Certificates Firm intends to mint $YLDS, a registered public debt safety and yielding stablecoin, natively on Solana.
$YLDS is backed by U.S. Treasuries and Treasury repo and Exponent Finance intends to be the primary Solana consumer; Figure additionally started accepting SOL as collateral for crypto-backed loans. Figure highlighted its historical past of originating over $19 billion in loans and famous Solana RWAs approaching $1B.
Loading…
Loading translation…
Optimistic
- $YLDS to be minted natively on Solana
- Yielding stablecoin backed by U.S. Treasuries and repo
- Exponent Finance named as first consumer on Solana
- Figure started accepting SOL as mortgage collateral
- Figure has originated over $19 billion in loans
- Solana RWAs cited close to $1B tokenized property
Key Figures
Q3 2025 web income
$156.4M
Quarter ended September 30, 2025
Q3 2024 web income
$101.0M
Quarter ended September 30, 2024
Q3 2025 web revenue
$89.6M
Quarter ended September 30, 2025
Money & equivalents
$1,097.1M
Steadiness sheet as of September 30, 2025
Complete property
$2,156.8M
Steadiness sheet as of September 30, 2025
Stockholders’ fairness
$1,176.6M
Steadiness sheet as of September 30, 2025
IPO web proceeds
$663.4M
Preliminary public providing proceeds reported in Q3 2025 10-Q
Loans originated on blockchain
Over $19B
Figure’s cumulative on-chain mortgage originations cited in crypto releases
Market Actuality Test
$39.75
Final Shut
Quantity
Quantity 2,418,125 is barely under the 20-day common of 2,576,643 (sub-avg participation).
regular
Technical
Worth at 39.75, buying and selling marginally above the 200-day MA of 39.38, indicating a neutral-long pattern zone.
Historic Context
| Date | Occasion | Sentiment | Transfer | Catalyst |
|---|---|---|---|---|
| Dec 04 | Optimistic | +11.4% |
Launch of RWA consortium to broaden on-chain mortgage yields to Solana. |
|
| Nov 24 | Optimistic | +2.8% |
Ondo’s $25M funding into $YLDS to energy tokenized Treasury yield. |
|
| Nov 21 | Impartial | +2.8% |
Bulletins of CEO and CFO participation in main investor conferences. |
|
| Nov 17 | Optimistic | +5.0% |
Kind S-1 for non-dilutive blockchain-native fairness buying and selling on Figure ATS. |
|
| Nov 13 | Impartial | -7.3% |
Confidential S-1 for tokenized inventory; described as artificial secondary. |
Latest crypto/RWA and capital markets information has extra usually seen constructive worth alignment, with just one notable divergence on an offering-related replace.
Over the past month, Figure has repeatedly highlighted blockchain and RWA initiatives alongside capital markets developments. Crypto-tagged releases on Nov 24 and Dec 4 emphasised $YLDS adoption and RWA consortium exercise tied to Solana, each adopted by constructive strikes. Two offering-related S-1 bulletins in mid-November outlined non-dilutive tokenized fairness constructions, with one drawing a damaging response. In the present day’s Solana-native $YLDS replace extends that very same DeFi and RWA narrative, reinforcing the corporate’s give attention to regulated, onchain finance after its current IPO.
Market Pulse Abstract
This announcement extends Figure’s technique of utilizing its SEC-registered, yield-bearing $YLDS instrument to bridge real-world property into DeFi, now natively on Solana. It ties into prior crypto releases citing over $19B in on-chain mortgage originations and rising RWA exercise. Traders might watch adoption by platforms like Exponent Finance, progress of Solana-based lending utilizing SOL as collateral, and the way these initiatives construct on the corporate’s robust Q3 income of $156.4M and web revenue of $89.6M.
Key Phrases
stablecoin
monetary
“”$YLDS is a security-version of stablecoin, designed to preserve a set””
A stablecoin is a sort of digital foreign money designed to maintain its worth regular, usually by being backed by conventional property like cash or commodities. For traders, stablecoins provide a dependable approach to transfer cash rapidly throughout digital platforms with out the worth fluctuations frequent with different cryptocurrencies, making them helpful for saving, buying and selling, or transferring funds with much less danger of sudden losses.
real-world property (RWAs)
monetary
“”Actual-world property (RWAs) on Solana are rapidly approaching $1B””
Actual-world property (RWAs) are tangible gadgets or properties, resembling actual property, commodities, or tools, which have intrinsic worth and exist exterior the digital or monetary world. For traders, RWAs provide a approach to diversify holdings past conventional monetary property like shares and bonds, offering potential stability and revenue by means of possession of bodily or tangible sources.
DeFi
monetary
“”actual RWA utility for DeFi””
DeFi, quick for decentralized finance, is a system of economic providers constructed on blockchain expertise that operates with out conventional banks or intermediaries. It permits individuals to borrow, lend, commerce, and earn curiosity straight with one another by means of digital platforms, very like utilizing a peer-to-peer market. For traders, DeFi provides the potential for larger entry, transparency, and management over their monetary actions.
collateral
monetary
“”Figure has begun accepting SOL as collateral for crypto-backed loans””
Collateral is an asset a borrower pledges to a lender as safety for a mortgage; if the borrower fails to repay, the lender can take the asset to get better losses. For traders, collateral issues as a result of it reduces lender danger, influences rates of interest and mortgage phrases, and determines who will get paid first if an organization faces monetary hassle—consider it like a pawned merchandise that provides the lender further safety.
AI-generated evaluation. Not monetary recommendation.
$YLDS will ship fiat on/off ramp capabilities and a yielding stablecoin to the Solana ecosystem and units the stage for Solana-native Figure RWA purposes
NEW YORK, Dec. 10, 2025 (GLOBE NEWSWIRE) — Figure Technology Solutions, Inc. (Nasdaq: FIGR) at the moment introduced that its subsidiary, Figure Certificates Firm (FCC), intends to start minting $YLDS, a registered public debt safety, natively on Solana. $YLDS is a security-version of stablecoin, designed to preserve a set greenback worth and supply a steady yield backed by U.S. Treasuries and Treasury repo agreements. Exponent Finance, a decentralized finance yield alternate platform on Solana, intends to be the primary consumer of $YLDS.
The transfer marks the start of a broader, long-term ambition between Figure and Provenance Blockchain Basis to construct on Solana. As a part of its efforts to promote real-world asset purposes in DeFi, Figure intends to work with Provenance Blockchain to permit Solana customers to entry yield from a wide range of Figure property, together with loans. Over the approaching weeks, Figure expects to broaden this collaboration with extra Solana-native integrations and initiatives that additional exhibit its management in bringing compliant, decentralized finance to scale.
“We’re thrilled to accomplice with Exponent Finance as a primary mover in bringing $YLDS to the Solana ecosystem,” mentioned Mike Cagney, Figure’s co-founder and government chairman. “We see this as a approach to future-proof fiat rails onto Solana whereas bringing an SEC-registered yielding stablecoin to the ecosystem.”
Builders on Solana might be ready to entry $YLDS for fee, cross-border remit, yield and settlement purposes, together with straight settling SOL trades with $YLDS. Within the spirit of the partnership, Figure has begun accepting SOL as collateral for crypto-backed loans with the intent to broaden this to locked SOL and undertake Figure’s liquidation safety choice for SOL-backed loans.
“Actual-world property (RWAs) on Solana are rapidly approaching
Figure believes $YLDS will ship three key benefits to the Solana ecosystem:
- Actual-world utility: In contrast to theoretical RWA ideas, $YLDS provides rapid, sensible purposes. The yield-bearing stablecoin, backed primarily by U.S. Treasuries, is already powering Figure’s stay Democratized Prime product on the Provenance Blockchain and can quickly combine with Exponent Finance’s yield alternate protocol on Solana, demonstrating tangible DeFi utility from day one.
- Developer-ready composability: Constructed as a foundational primitive for Solana’s DeFi ecosystem, $YLDS serves as a reliable base asset that builders can seamlessly combine into their protocols, centered round a secure, yield-generating core.
- Institutional-grade credibility: Figure’s observe document speaks for itself, having originated over
$19 billion in loans on public blockchain with a compliance-first strategy. This confirmed operational historical past, mixed with the great regulatory scheme that applies to $YLDS, supplies the institutional credibility and regulatory readability that units it other than speculative RWA tasks. With Figure’s current IPO, $YLDS brings battle-tested infrastructure to Solana’s increasing DeFi panorama.
Discover how Figure is constructing compliant DeFi infrastructure by visiting ylds.com and discover Democratized Prime lending swimming pools on figuremarkets.com.
About Figure Know-how Options, Inc.
Figure Know-how Options, Inc. (Nasdaq: FIGR) is a Provenance Blockchain-native capital market that seamlessly connects origination, funding, and secondary market exercise. Greater than 200 companions use its mortgage origination system and capital market. Collectively, Figure and its companions have originated over
Figure is the market chief in real-world asset (RWA) tokenization and its most up-to-date securitization acquired a AAA ranking from S&P, the primary of its sort for blockchain finance. For extra info, go to https://figure.com or comply with Figure on LinkedIn.
Figure Certificates Firm:
Funding merchandise: Not FDIC Insured, No Financial institution Assure, Could Lose Worth.
This press launch shall not represent a suggestion to promote or a solicitation of a suggestion to purchase the foregoing securities, nor shall there be any sale of those securities in any state or jurisdiction during which such provide, solicitation or sale wouldn’t be permitted.
$YLDS Stablecoins are unsecured face-amount certificates and solely backed by the property of Figure Certificates Firm (FCC), which is the issuer of the certificates. The registration of $YLDS and FCC with the SEC doesn’t suggest approval of both by the SEC. Extra details about FCC and $YLDS may be discovered on FCC’s web site, out there Here.
You need to contemplate the funding targets, dangers, expenses and bills of certificates fastidiously earlier than investing. Obtain a free prospectus, which accommodates this and different necessary details about our certificates. Learn the prospectus fastidiously earlier than you make investments. Figure Certificates Firm Prospectus out there Here
Figure Certificates Firm is a completely owned subsidiary of Figure Know-how Options, Inc.
Contacts
press@determine.com
FAQ
What did Figure (FIGR) announce on December 10, 2025 about $YLDS?
Figure introduced $YLDS might be minted natively on Solana as a registered yielding stablecoin backed by U.S. Treasuries and repo.
Who would be the first consumer of $YLDS on Solana and what does that imply for FIGR?
Exponent Finance intends to be the first consumer, enabling early DeFi integrations that exhibit $YLDS utility on Solana.
How is $YLDS backed and what stability does it intention to present for Solana customers?
$YLDS is backed primarily by U.S. Treasuries and Treasury repo and is designed to preserve a set greenback worth whereas paying steady yield.
Did Figure announce any collateral assist for loans involving SOL?
Sure, Figure has begun accepting SOL as collateral for crypto-backed loans and intends to broaden SOL-backed mortgage options.
What credibility or observe document did Figure cite to assist $YLDS adoption?
Figure referenced originating over $19 billion in loans on public blockchain as institutional credibility for $YLDS.
