nvYLDS is a vault token that provides permissionless access to institutional-grade yield from U.S. Treasury-backed assets. Each nvYLDS token represents a share in a vault backed by YLDS - Figure Technology's SEC-registered, yield-bearing stablecoin collateralized by U.S. Treasury Bills and cash equivalents.

nvYLDS delivers a target 4% APY through continuous on-chain yield accrual, making Treasury-grade returns accessible to any crypto holder without KYC requirements for secondary market trading. The vault maintains full overcollateralization and is currently deployed on Ethereum with multi-chain expansion planned for Solana and additional networks.

Unlike traditional stablecoins that generate yield for issuers, nvYLDS passes short-term U.S. Treasury yields directly to token holders through a transparent, auditable vault structure built on Provenance Blockchain—the world's largest RWA blockchain.