Tokenized High-Yield Credit Moves Into Institutional Custody as Pharos Connects to Fireblocks

Funds and exchanges on Fireblocks can now hold tokenized U.S. high-yield credit products issued on Pharos without building new custody infrastructure. Tokenized U.S. high-yield credit products are now accessible to institutions on Fireblocks , after real-world asset blockchain Pharos Network announced Tuesday that it has integrated the custody platform. The products available at launch include the Raffaello NYLIM HYB Vault (pRNH) , the NYLIM Anemoy fund and Axil Prime Credit (APC) , a credit strategy issued on R25 Protocol. PROS, the native coin of Pharos, is also supported. Pharos said assets aggregated across its RWA platform now exceed $241.64 million. For institutional allocators, the integration addresses one of the main operational hurdles in tokenized credit: holding the assets inside approved custody systems.

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