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Figure Technology Solutions said Ondo Finance has invested $25 million in its $YLDS stablecoin to speed access to tokenized U.S. Treasury yields. The cash will help back Ondo’s OUSG fund and support Figure’s on-chain lending markets, where $YLDS serves as core collateral. The move aims to make dollar yield faster, simpler, and more compliant for institutions and fintech platforms.
In its announcement, Figure Technology Solutions announce investment and said $YLDS is an SEC-registered, yield-bearing stablecoin issued by Figure Certificate Company, designed to distribute interest to holders. The firm added that $YLDS will remain the collateral asset for Democratized Prime, which includes a HELOC pool built from Figure’s on-chain, real-estate-backed loans.
Ondo’s team also explain use of the $25 million within OUSG, noting that $YLDS helps diversify the fund’s yield sources while keeping institutional safeguards. The goal is to bring more treasury-style income on-chain and reduce frictions when investors move between tokenized funds, stable assets, and DeFi venues.
“Our investment in $YLDS strengthens OUSG’s position as the leading on-chain vehicle for institutional clients,” said Ian De Bode, President of Ondo Finance. “Figure has built robust infrastructure for tokenized lending, and integrating $YLDS into OUSG’s yield strategy further diversifies and institutionalizes the ecosystem supporting our products.”
Trade media quickly cover development, pointing to the link between tokenized treasuries and real-world-asset markets that use $YLDS as working collateral. If adoption grows, the tie-up could make treasury yield a standard building block for property-linked lending and other RWA products, while giving institutions a clearer, regulated route to on-chain fixed income.
