EDX Markets has integrated YLDS, a yield-bearing digital security issued by Figure Technology Solution, into its institutional cryptocurrency infrastructure. Clients can purchase the security from FCC or on the secondary market, use it as collateral across trading and clearing operations, and earn yield, while EDX plans to hold YLDS as a treasury asset. The arrangement is part of a broader move to use tokenized instruments as working collateral, following comparable programs involving BlackRock’s BUIDL, Franklin Templeton and Binance. YLDS is SEC-registered but not SEC-approved, FDIC-insured or backed by a bank, and its value and collateral terms may vary; details on the applicable yield and conditions were not provided.