EDX Markets, the institutional crypto exchange backed by Citadel Securities, Fidelity and Charles Schwab, has integrated Figure’s YLDS yield bearing digital security as both collateral and a treasury asset. The move validates one of the core use cases that Figure pointed to when it launched YLDS in February 2025.
YLDS holders earn a return of SOFR minus 35 basis points, currently around 3.3%, while maintaining a dollar peg. For institutional traders on EDX, that represents a meaningful upgrade over posting USDC or USD as collateral, neither of which generates comparable returns.
“Exchange collateral was one of the first use cases we pointed to when we launched YLDS,” said Figure co-founder and Executive Chairman Mike Cagney. “EDX integrating YLDS as collateral and a treasury asset is that thesis playing out in practice.”
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