Two Prime makes onchain finance push with $10 million
RWA Signal Insight
Private CreditDigital asset firm Two Prime has launched the Axiom WBTC Yield Vault on the Pareto protocol to facilitate institutional bitcoin lending. The vault allows users to deposit wrapped bitcoin (WBTC) to earn projected annual yields between 1.5% and 2%. To mitigate risk for participants, Two Prime has committed $10 million of its own capital to serve as a first-loss buffer. The initiative connects bitcoin holders with institutional borrowers, including public companies and credit-rated financial entities. Assets within the vault are secured by institutional-grade custodians ICE Digital Trust and Copper Technologies. This launch represents a strategic expansion of Two Prime’s lending operations into onchain finance by leveraging Pareto’s private credit infrastructure. By providing a structured mechanism for bitcoin-backed yield, the vault aims to bridge the gap between decentralized liquidity and institutional funding requirements.
Key points
- Two Prime launched the Axiom WBTC Yield Vault on Pareto for institutional bitcoin lending.
- The vault targets 1.5% to 2% annual yields with a 5 WBTC minimum deposit.
- Two Prime committed $10 million in capital to absorb potential initial losses.
- ICE Digital Trust and Copper Technologies provide custody for the vault's assets.
Background
Two Prime is a financial services firm specializing in institutional investment strategies and bitcoin-backed lending. Pareto is a blockchain-based protocol that provides infrastructure for private credit, enabling the creation of yield-generating vaults for digital assets.