Figure Technology Solutions (FIGR) has announced that it will launch its SEC-registered income security token, YLDS, on the Sui blockchain, marking the first time the token has gone live on the Layer 1 network outside the Provenance blockchain. YLDS is backed by short-term U.S. Treasury bills and repurchase agreements. Figure co-founder Mike Cagney said this is the first step in deploying SEC compliance income security tokens on multiple blockchains, with the aim of removing traditional intermed...