Two Prime has launched the Axiom WBTC Yield Vault on Pareto, extending its institutional lending business into onchain finance. The product accepts wrapped bitcoin and targets annual returns of 1.5% to 2% by lending to institutional borrowers, adding an income strategy for holders of bitcoin-linked assets.

The minimum deposit is 5 WBTC. Wrapped bitcoin represents bitcoin in a form usable on other blockchain networks, allowing it to interact with lending applications. The vault is structured around credit activity, so its targeted return comes from borrowers rather than a native bitcoin staking mechanism.

Two Prime has committed approximately $10 million of its own capital to absorb initial losses. Potential borrowers include public companies, credit-rated entities, and diversified financial institutions. Pareto provides the blockchain-based credit infrastructure, while ICE Digital Trust and Copper Technologies are responsible for custody of the assets.

The launch brings several distinct roles into one product: asset custody, borrower selection, credit protection, and onchain access. Its commercial test will be whether institutional borrowing demand can sustain the targeted returns while meeting the vault's credit standards. The stated yield is a target, not a fixed payment.