EDX Markets integrates Figure's YLDS as collateral and treasury asset

EDX Markets, the institutional crypto exchange backed by Citadel Securities, Fidelity, and Charles Schwab, has integrated Figure’s YLDS yield-bearing digital security into its operations, adopting it both as eligible collateral and as a treasury asset. The integration represents a live, production-level endorsement of a product that Figure launched in February 2025.

For Figure, the adoption confirms one of the primary use cases the firm cited at YLDS’s launch: that a yield-bearing digital security could serve simultaneously as a working collateral instrument and a treasury management tool within institutional trading infrastructure. Having an exchange with the ownership profile of EDX Markets as an early adopter carries meaningful signal weight for other institutional venues watching how digital securities fit into their collateral frameworks.

The broader operator-level implication is that yield-bearing tokenised securities are beginning to close the gap between treasury management and margin efficiency. Rather than holding idle cash or low-yield instruments as collateral, participants can now, in at least one live venue, post an asset that continues to earn a return while fulfilling collateral obligations. Whether other exchanges move to replicate this structure depends partly on how YLDS performs operationally in this role and partly on how quickly their own regulatory and risk teams can get comfortable with a yield-bearing digital security in the collateral stack.