Figure Certificate Company, an affiliate of Figure Technology Solutions, Inc. (Nasdaq: FIGR), has teamed up with Copper to integrate YLDS into the latter’s institutional custody services. This development provides qualified clients with a compliant avenue to generate returns on digital assets at the pace and flexibility typically associated with stablecoins.
YLDS represents a blockchain-based face-amount certificate officially registered with the US Securities and Exchange Commission (SEC) under the Investment Company Act of 1940.
Each unit maintains a one-to-one link to the US dollar and can be redeemed for its original value plus accumulated returns.
The instrument accrues yield daily at the Secured Overnight Financing Rate (SOFR) minus 0.35 percent, with payouts distributed monthly in either fiat USD or additional YLDS tokens.
This structure delivers a return profile reminiscent of traditional money market funds while preserving the rapid transferability and operational simplicity of blockchain assets.
Transactions involving YLDS settle in roughly five seconds on the Provenance and Stellar networks, with transaction costs well below one cent.
This performance mirrors top stablecoins, yet YLDS avoids their regulatory categorization under the GENIUS Act.
Instead, it functions as a fully registered public security, providing a more familiar framework for treasury departments and compliance officers seeking yield without added regulatory complexity.
Adam VandenBoogaard, Head of Revenue (Americas) at Copper, expressed enthusiasm about the collaboration.
He highlighted strong market interest in tools that optimize capital usage, improve collateral productivity, and remain fully programmable on blockchain rails.
Copper is now supporting both YLDS and HASH for its Swiss entity’s customers, reinforcing its commitment to advanced infrastructure for institutional participants.
Karl Samsen, Principal for YLDS at Figure, noted the rising appetite among institutions for compliant, income-generating digital dollars.
By expanding access through established custody providers like Copper, the product directly addresses this need. It supplies genuine returns alongside the speed and interoperability that digital asset professionals demand.
The move underscores broader institutional demand for digital dollar solutions that meet stringent risk and compliance standards while putting idle capital to work.
Traditional stablecoins often face limitations on direct yield distribution under evolving US legislation, including the GENIUS Act and potential follow-on measures in the CLARITY Act.
YLDS sidesteps these constraints through its established securities structure, appealing to conservative treasury teams.
Copper, established in 2018, has positioned itself as a leader in institutional-grade digital asset infrastructure, emphasizing secure custody and collateral optimization.
Its flagship ClearLoop solution allows clients to handle collateral efficiently across exchanges, reduce counterparty exposure, and enhance overall capital productivity.
The platform combines technology with a full suite of services tailored for hedge funds, trading firms, and other sophisticated players.
Figure Technology Solutions, founded the same year, operates as a blockchain-focused financial technology group leveraging the Provenance Blockchain.
The company has pioneered on-chain processes for lending, capital markets, and asset tokenization.
Its subsidiaries have originated more than $23 billion in home equity lines of credit (HELOCs) on-chain, establishing leadership in bridging traditional private credit with distributed ledger technology.
YLDS tokens are unsecured obligations backed solely by the assets of the issuing entity, Figure Certificate Company. Registration with the SEC does not constitute endorsement.
As with all investment products, YLDS carries risks: it is not FDIC-insured, offers no bank guarantees, and principal value may fluctuate. This integration marks another step toward mature, regulated digital finance solutions that blend yield generation with blockchain efficiency, potentially reshaping how institutions manage short-term liquidity and collateral in the evolving crypto ecosystem.
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