#CorporateCredit

Pharos Expands RealFi Market with Onchain Access to Institutional U.S. High-Yield Credit

Pharos Network has launched the pRNH Vault, enabling onchain access to the NYLIM Anemoy U.S. High Yield Corporate Bond Segregated Portfolio. This initiative, facilitated through R25, marks a significant expansion of the Pharos RealFi market beyond traditional stablecoins and cash equivalents into institutional-grade corporate credit. The vault targets a $100 million size with an approximate 7% annualized yield, offering investors exposure to diversified U.S. high-yield bonds. By leveraging tokenization technology from Anemoy and Centrifuge, the product bridges traditional fund infrastructure with programmable onchain financial applications. The integration also incorporates agent-assisted functions for credit screening and liquidity monitoring, aligning with the Pharos vision of supporting agentic economies. This development signifies a broader industry shift toward making real-world assets not just tokenized, but actively composable and discoverable within intelligent financial systems. Ultimately, the launch demonstrates how institutional assets can be integrated into high-performance, compliant blockchain environments to facilitate programmatic financial activity.

markets.businessinsider.com·3h ago