YLDS (YLDS)

I've been in back-to-backs at Consensus, so I haven't had time to tweet about all the @figure news today...

First, we have our second company on OPEN, which will also be using Forge. Thanks for the partnership @_openworld! Bringing real equity on chain, for use in DeFi.

Second, we launched YLDS native on @StellarOrg. Excited to see the YLDS universe expand, and looking forward to the use cases that happen on Stellar.

Finally, we added @credibly360 to Forge. Not only to access DeFi, but the broader Figure ecosystem, including securitization. Forge is going to bring RWA to DeFi.

More news coming...stay tuned!

Question I am contemplating and could use input on. Let's say you own YLDS, a security, and receive it in a your Metamask wallet via a p2p transfer, so the transfer agent only knows your wallet address, not your identity. Then let's say you forget your password and recovery phrase on the wallet.

Is there any way you could go to the transfer agent to get new tokens? In theory, the transfer agent can burn the old ones and mint new ones (e.g., YLDS isn't a bearer asset), but how does it know you were the rightful owner?

Generally this would be an edge case, as most YLDS holders would want to be identified to earn interest. So it's a circumstance where someone receives YLDS, chooses not to be identified (or hasn't yet) to receive interest, and then loses the access to their wallet. But it's still a use case I'm trying to solve for.

Thoughts?