Profile
YLDS profile facts
YLDS (YLDS) static profile: governance model Centralized (CeFi); backing model Real-World Asset Backed; peg US Dollar-denominated NAV.
- Collateral
- Short-dated U.S. Treasury bills, overnight Treasury repo, a government money market fund, and cash held by Figure Certificate Company (FCC), an SEC-registered face-amount certificate company; qualified assets are on deposit with UMB Bank N.A. and Flagstar Bank N.A.
- Peg mechanism
- Registered face-amount certificate issued and surrendered at $0.01 per certificate; daily simple interest at SOFR minus 35bps (minimum 0%), paid monthly in USD and automatically reinvested unless opted out; mint and surrender through Figure Certificate Company subject to KYC and offering terms; registered under the Securities Act of 1933 and Investment Company Act of 1940
- Jurisdiction
- United States / SEC / SEC-Registered Security
- Proof of reserves
- Independent Audit by KPMG LLP Reserve source
- Contracts
- 2 deployments tracked across Provenance and Stellar.
Source: Pharos registry profile fields. Live price, supply, reserve, liquidity, event, and safety data load in the interactive dossier on this page.
YLDS quick answers
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What is YLDS?
YLDS is Figure's SEC-registered face-amount certificate paying SOFR-minus-35bps daily interest, backed by short-term Treasuries and repos. The static profile records its US Dollar-denominated NAV accounting mechanism as: Registered face-amount certificate issued and surrendered at $0.01 per certificate; daily simple interest at SOFR minus 35bps (minimum 0%), paid monthly in USD and automatically reinvested unless opted out; mint and surrender through Figure Certificate Company subject to KYC and offering terms; registered under the Securities Act of 1933 and Investment Company Act of 1940.
Is YLDS safe?
As of Oct 24, 2026, Pharos grades YLDS C- (53/100) on its Safety Score. Pharos's reviews record that the issuer or an admin can freeze individual holders' balances, and direct redemption is limited to customers the issuer has verified. That is a middle-band grade: it meets baseline expectations but carries meaningful weaknesses. The grade moves as reserve, redemption, peg and control evidence changes; the live Safety Score on this page shows the current reading.
What backs YLDS?
Pharos records YLDS's reserves as of Dec 31, 2025 as 73.7% Overnight Treasury repo agreements (UMB Bank), 25.7% U.S. Treasury bills, 0.4% Cash at UMB Bank N.A., and 2 smaller holdings. Reserve evidence: Independent Audit by KPMG LLP, latest period ending Dec 31, 2025. Pharos classifies the backing as Real-World Asset Backed.
Can YLDS be frozen or blacklisted?
Based on tracked contract metadata and blacklist coverage, issuer or admin freeze controls are recorded.
How do you redeem YLDS?
Under the route Pharos reviewed on Mar 23, 2026, customers the issuer has verified can redeem YLDS for a single stable asset, such as cash or a stablecoin. Settlement takes multiple days. The reviewed terms charge no percentage redemption fee. Whether a given holder qualifies is set by the route's own terms, not by this summary.
