Pharos Network, a Layer 1 public chain focused on Real Finance (RealFi) and Artificial Intelligence, today announced the official launch of the Axil Prime Credit Vault (hereinafter referred to as “APC”).
This vault is a fully on-chain, institutional-grade private credit strategy designed to open up high-quality credit asset classes—previously available only to large funds, family offices, and institutional trading desks—to a broader range of on-chain depositors. The APC will be distributed through mainstream platforms including OKX Wallet, Binance Wallet, TopNod, and KuCoin Wallet, with a target annual percentage yield (APY) of approximately 14.3% and a total fundraising cap of 100 million USDC.
Private credit has become one of the fastest-growing financial sectors globally, with institutional capital deploying hundreds of billions of dollars into this asset class to seek diversified returns with low correlation to public markets. However, retail and small-to-medium investors have long been effectively excluded from this market, with high-quality credit opportunities strictly limited to a select few professional institutions. The launch of the APC aims to fundamentally break this dynamic from the distribution side.
Wish Wu, Co-founder and CEO of Pharos, stated: “Institutions and professional investors have always had priority access to the best private credit opportunities. Pharos is dedicated to bridging the gap between RealFi value and real users, moving away from ‘points farming’ or inflationary token yields, and instead rooting itself in the cash flows from real-world consumer credit that every individual encounters daily.”
The Axil Prime Credit Vault provides access to a diversified private credit portfolio through institutional-grade infrastructure. Its target yield comes from two components: the underlying private credit portfolio and ecological incentives from Pharos’s native token $PROS + USDC. This yield characteristic is directly anchored to the real-world credit market, rather than relying on crypto-native token inflation or speculative trading.
The APC is managed entirely by Axil and deployed via the R25 protocol on the Pharos network. The roles of the three parties are clearly defined. Pharos acts as the distribution and settlement layer, providing a convenient entry point for RealFi users; Axil serves as the credit manager and vault operator, responsible for portfolio construction and credit strategy execution; the R25 protocol provides the Real World Asset (RWA) infrastructure, enabling secure connectivity between on-chain capital and off-chain credit assets.
Prior to the launch of the APC, Pharos successfully operated the pAlpha vault, which also focused on real yields and experienced zero security incidents throughout its entire lifecycle. The APC adopts equally stringent risk control and operational standards, extending its proven security framework to the private credit sector. Depositors can participate using Circle-backed Pharos native USDC or USDC assets bridged from Ethereum, significantly reducing the friction costs associated with cross-network fund transfers. The APC is accessible to eligible users through leading platforms such as OKX Wallet, Binance Wallet, TopNod, and KuCoin Wallet, with distribution extending beyond any single ecosystem.
The vault will officially open to the public on July 15, with a total fundraising target of 100 million USDC. Following the principle of “early deposit, greater reward,” the earlier depositors join, the more yield accumulation days they accrue before the lock-up period officially begins, potentially leading to higher overall returns.
About Pharos
Pharos is an EVM-compatible Layer 1 public chain focused on Real World Finance, designed for institutional-grade assets, compliant finance, and global capital liquidity. To synergize on-chain real financial activities, Pharos deeply integrates parallel execution, modular Special Processing Networks, and protocol-level compliance infrastructure. It incorporates ZK-KYC/AML mechanisms, AsyncBFT consensus, and a dualVM (simultaneously compatible with EVM + WASM) to support RWA, stablecoins, cross-border settlements, on-chain yield markets, and programmable financial products at internet scale. Pharos has established partnerships with leading institutions in the global financial system, including Circle, Chainlink, Anchorage Digital, Morpho, and Centrifuge, bridging regulated capital markets with on-chain liquidity venues. This allows real-world assets to be allocated into strategies that generate real yields. Pharos is founded by former core management and technical leaders of Ant Group, with investments from global financial institutions and infrastructure providers including Hack VC, Faction VC, Sumitomo Corporation, Flow Traders, and SNZ.
About Axil
Axil is an institutional-grade RWA risk management service provider, whose team includes seasoned professionals from BlackRock, HSBC, and HashKey. Axil specializes in the structuring and curation of private credit strategies for emerging markets, utilizing AI-driven risk assessment and a multi-layered protection framework to achieve sustainable risk-adjusted returns.
About R25
R25 is an on-chain asset management infrastructure for the next generation of finance. The platform deeply integrates diversified strategies with leading blockchain technology, helping users easily access expert-level on-chain yields.