Two Prime launches $10M-backed Bitcoin yield vault

Two Prime has introduced an institutional Bitcoin lending vault on the Pareto platform, aiming for annual returns of 1.5% to 2%. The vault is supported by approximately $10 million of the firm’s own capital, which serves as a first‑loss layer to absorb initial borrower credit losses.

Vault structure and entry requirements

The product, named the Axiom WBTC Yield Vault, accepts Wrapped Bitcoin (WBTC) as the deposit asset. A minimum contribution of five WBTC is required, which equates to roughly $380,000 at a Bitcoin price of $76,000.

Custody and infrastructure partners

Custody for the vault’s assets is provided by ICE Digital Trust and Copper Technologies, both established institutional custodians. Pareto supplies the on‑chain private‑credit infrastructure that connects investor deposits with institutional borrowers.

Lending strategy

Deposited WBTC will be lent to institutional counterparties, including public companies, credit‑rated borrowers and diversified financial firms. The targeted yield is tied to lending terms, borrower performance and market conditions and is not guaranteed.

Risk considerations

• Investors remain exposed to credit risk, operational risk and risks associated with the tokenized Bitcoin wrapper.
• The first‑loss capital of $10 million absorbs early losses before investors bear any credit losses.
• Custodial arrangements do not guarantee loan performance.

Background on Two Prime and Pareto

Two Prime is an SEC‑registered investment adviser that has originated over $2.55 billion of Bitcoin‑backed loans as of Q3 2025. Pareto’s on‑chain credit platform currently tracks about $227 million in active private‑credit loans.