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.
By James Van Straten, AI Boost|Edited by Jamie Crawley
Updated Published
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Summary
Digital asset financial services firm Two Prime unveiled a bitcoin
BTC$76,203.79
lending vault on Pareto, targeting annual yields of 1.5% to 2% by lending to institutional borrowers.
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 5 WBTC ($400,000). 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.
Pareto supplies the blockchain-based private credit infrastructure underpinning the vault. ICE Digital Trust and Copper Technologies will hold its assets in custody.
Read More: Ditching bonds for bitcoin: How crypto can tackle the AI-heavy portfolio dilemma
AI Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy.
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