![Two Prime Launches Million-Backed Bitcoin Lending Vault on Pareto Network</TITLE]](https://i1.wp.com/cdn.sanity.io/images/s3y3vcno/production/f2b778c374f09c89cb217469fcbc7a90dc64323b-2048x1150.jpg?auto=format&fit=crop&crop=focalpoint&w=1920&h=1080&q=75&ssl=1 "Two Prime Launches Million-Backed Bitcoin Lending Vault on Pareto Network</TITLE]")
Two Prime Launches $10 Million-Backed Bitcoin Lending Vault on Pareto NetworkTwo Prime, a digital asset financial services firm, has launched a bitcoin lending vault on the Pareto platform, offering annual yields ranging from 1.5% to 2% through lending to institutional borrowers.
The Axiom WBTC Yield Vault accepts wrapped bitcoin (WBTC), a token that represents bitcoin and can be utilized across other blockchain networks.
The vault requires a minimum deposit of $250,000 in WBTC and has an initial capacity of 1,350 BTC, valued at approximately $104 million. Returns are subject to market conditions and are not guaranteed.
Through this initiative, Two Prime is extending its lending operations into onchain finance, bridging bitcoin holders seeking passive income with institutions in need of bitcoin-backed funding.
The firm, which specializes in institutional investment strategies and bitcoin-backed lending, has allocated approximately $10 million of its own capital to absorb potential initial losses. The initiative targets borrowers including public companies, credit-rated entities, and diversified financial institutions.
Pareto provides the blockchain-based private credit infrastructure that underpins the vault, while ICE Digital Trust and Copper Technologies serve as custodians for its assets.