We’re excited to share that Ondo Finance has made a $25 million strategic investment in YLDS, the yield-bearing stablecoin issued by Figure Certificate Company (FCC), a subsidiary of Figure Technology Solutions. This investment will be used as part of the backing of the Ondo Short-Term US Treasuries Fund (OUSG), Ondo’s flagship tokenized fund. The addition of $YLDS will enhance and diversify the yield source supporting OUSG, complementing a portfolio currently invested in funds issued by leading asset managers. This investment follows Figure’s recent IPO, marking a major milestone in their mission to modernize capital markets.

OUSG has grown into a flagship product with more than $780m in total value locked, delivering:

• Instant, 24/7 subscriptions and redemptions
• Daily interest accruals
• Low fees
• Multi-chain support across Ethereum, Solana, Ripple, and Polygon

OUSG’s portfolio now spans funds from the world’s most trusted asset managers, including:

• BlackRock’s BUIDL
• Fidelity’s FDIT
• Franklin Templeton’s BENJI
• WisdomTree’s WTGXX
• Wellington Management and FundBridge Capital’s ULTRA
• Figure’s YLDS

This investment deepens the relationship between Ondo and Figure, whose technology and assets help enable broader participation in tokenized financial markets.

“This partnership bolsters the dominance of the $YLDS stablecoin in tokenized real world assets,” said Michael Tannenbaum, CEO of Figure Technology Solutions. “Ondo shares our belief that blockchain can transform how money moves, making it faster, more transparent, and more inclusive. As both a partner and investor, I see firsthand the authenticity and alignment driving this collaboration. Building on the momentum of our IPO, the exciting Ondo investment is another step towards delivering on that vision.”

“Our investment in $YLDS strengthens OUSG’s position as the leading onchain 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. We’re excited to deepen our partnership as we work together to expand our products and serve institutions onchain.”

The collaboration builds on Figure’s $19 billion in blockchain-based lending of real world assets on the Provenance Blockchain and Ondo’s global leadership in tokenized assets. The strategic purchase will also support the growth of Figure’s ecosystem, particularly around Democratized Prime, where $YLDS is the dominant exchange collateral. Together, the two companies aim to accelerate institutional adoption of onchain finance.

Source: Ondo Finance