Two Prime Launches Bitcoin Lending Vault with $10 Million Backing
- Two Prime introduced a bitcoin lending vault on Pareto, targeting annual yields of 1.5% to 2%.
- The Axiom WBTC Yield Vault requires a minimum deposit of 5 WBTC, equivalent to approximately $400,000.
- The firm has committed around $10 million of its own capital to cover initial losses in the lending strategy.
- Target borrowers include public companies and credit-rated entities seeking access to bitcoin funding.
- Assets will be held in custody by ICE Digital Trust and Copper Technologies.
This initiative allows bitcoin holders to earn income while providing institutions with access to Bitcoin funding through onchain finance mechanisms. The returns from the vault are subject to market conditions and not guaranteed.
With a minimum investment of $400,000, Two Prime’s new vault aims to connect institutional borrowers with bitcoin lenders effectively.(Source)
