Institutional clients can now hold YLDS through BitGo Bank & Trust, N.A., BitGo’s OCC-regulated federally chartered digital asset trust bank.
BitGo Holdings, Inc. (“BitGo”), the digital asset infrastructure company, announced that BitGo Bank & Trust, N.A. (“BitGo Bank & Trust”), an OCC-regulated digital asset trust bank and subsidiary of BitGo, now supports qualified custody for YLDS, a yield-bearing digital security issued by Figure Certificate Company (“FCC”), a subsidiary of Figure Technology Solutions, Inc. .
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YLDS is the first SEC-registered yield-bearing security: a public fixed-income debt security issued by FCC. Structured as a tokenized face-amount certificate, YLDS accrues yield daily at SOFR minus 35 basis points, which can be redeemed monthly in U.S. dollars or in additional YLDS at the holder’s choice, with no staking or lock-up, subject to the terms and conditions of the applicable offering documents.
“Institutional adoption of digital assets depends on infrastructure that meets the standards of regulated financial markets,” said Mike Belshe, CEO and Co-founder of BitGo. “By supporting qualified custody for registered digital securities such as YLDS, BitGo is helping institutions access emerging on-chain financial products through trusted, regulated infrastructure.”
“YLDS is built for regulated capital looking to benefit from onchain settlement speed.” said Mike Cagney, Executive Chairman & Co-founder of Figure. “As the only onchain SEC-registered debt security, YLDS provides stable yield with the liquidity and transferability of a stablecoin. With BitGo’s support for YLDS, we will meet institutions where they are, making it easier to put capital to work within infrastructure they trust.”
Unlike a payment stablecoin, YLDS is structured as a registered fixed-income digital security. It utilizes blockchain technology to support transfers and settlement across digital asset infrastructure, while allowing institutions to hold the asset within regulated custody workflows.
YLDS held through BitGo is maintained in qualified custody through BitGo Bank & Trust, with institutional-grade controls and offline key management. Subject to the terms and conditions of its offering documents, YLDS is designed to continue accruing its designated yield while maintained in custody.
The addition of YLDS reflects BitGo’s plan to expand regulated infrastructure for institutions participating in digital asset markets, tokenized assets, and blockchain-based financial products.
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