Two Prime makes onchain finance push with $10 million-backed bitcoin yield vault
Two Prime expands into onchain finance with a bitcoin lending vault built on Pareto for institutional investors.
The Axiom WBTC Yield Vault accepts wrapped bitcoin (WBTC), a token representing bitcoin that can be used on other blockchain networks.
The vault requires a minimum deposit of $250,000 in WBTC and has an initial capacity of 1,350 BTC ($104 million). Returns are subject to market conditions and are not guaranteed.
Two Prime is expanding its lending business into onchain finance, connecting bitcoin holders seeking income with institutions seeking access to bitcoin funding.
The firm, which provides institutional investment strategies and bitcoin-backed lending, has committed roughly $10 million of its own capital to absorb initial losses. The strategy targets borrowers including public companies, credit-rated entities and diversified financial institutions.