Pharos Partners with R25 to Launch pRNH Vault, Providing Eligible Users with On-Chain Access to US High-Yield Corporate Bonds

Odaily News – Pharos Network has announced the launch of the pRNH Vault, powered by the R25 protocol, offering eligible users an on-chain channel to invest in US high-yield corporate bonds.

The Vault's underlying assets are connected to the NYLIM Anemoy US High-Yield Corporate Bond Independent Portfolio (HYB), co-initiated by NYLIM and Anemoy, with tokenization technology provided by Centrifuge. Users can deposit USDC into Pharos and exchange it for pRNH tokens via R25, gaining indirect exposure to HYB assets.

The Vault targets a scale of $100 million, with an estimated annualized yield of approximately 7%. It imposes no hard lock-up period and incorporates agent-assisted features covering credit screening and liquidity monitoring within its architecture.