Pharos launches on-chain private credit vault 'APC'

Pharos Network (PROS), a Layer 1 blockchain specializing in real-world asset (RWA) tokenization and artificial intelligence (AI), has announced the launch of the Axil Prime Credit Vault (APC), a product that brings institutional private credit strategies on-chain. The APC is a three-month lock-up vault with a maximum size of 100 million USDC and a target annual yield of up to approximately 14.3%. This yield is composed of an estimated 11.3% from underlying private credit returns and about 3% from Pharos's PROS token incentives. Asset management will be handled by Axil, while R25 Protocol will provide the RWA infrastructure to connect on-chain funds with off-chain credit assets. Pharos will oversee distribution and settlement. The APC will be integrated with OKX Wallet, Binance Wallet, TopNod, and KuCoin Wallet. Deposits can be made using native Pharos USDC or assets bridged from Ethereum.