Two Prime makes onchain finance push with $10 million-backed bitcoin yield vault — SkimNews
Get the Finance newsletter
Daily finance — markets, central banks, M&A, the prints that move money. Free.
- Two Prime launched a bitcoin lending vault built on Pareto, targeting 1.5% to 2% annual yield through institutional lending.
- Two Prime committed roughly $10 million of its own capital as first-loss capital to absorb initial losses on the vault.
- The Axiom WBTC Yield Vault accepts wrapped bitcoin (WBTC) with a minimum deposit of 5 WBTC (~$400,000), and returns are explicitly subject to market conditions and not guaranteed.
- Pareto supplies the blockchain-based private credit infrastructure underpinning the vault.
- ICE Digital Trust and Copper Technologies will custody the vault's assets.
- Target borrowers include public companies, credit-rated entities, and diversified financial institutions.
- Two Prime is expanding its institutional lending business into onchain finance, connecting bitcoin holders seeking income with institutions seeking bitcoin funding.
Why it matters: Two Prime is putting roughly $10 million of its own balance sheet on the line as first-loss capital, a structure designed to convince risk-averse institutional depositors that the 1.5%–2% yield target is credible. The 5 WBTC (~$400,000) minimum and WBTC-only design restrict access to large or institutional holders, while the pipeline of public-company and credit-rated borrowers frames this as private credit with a crypto wrapper rather than a DeFi experiment.
Ask SkimNews
