Re: The Use of YLDS as a Settlement Mechanism for Non-Security Transactions

The use of Figure Transferable Certificates (YLDS) as a payment mechanism for non-security crypto transactions on the Crypto Platform does not require registration as a broker, securities exchange, or alternative trading system.

YLDS are registered securities under the U.S. Securities Act and are issued by a registered investment company, providing protections and disclosures under the Securities Act and the Investment

The Crypto Platform facilitates peer-to-peer transactions in non-security crypto assets, and the use of YLDS as a payment method is optional and does not constitute "effecting" securities transactions.