According to CoinMeta, the second-phase subscription for the first RWA vault product Axil Prime Credit ( APC3M ) jointly launched by R25 and Binance Wallet has seen an additional $36.26 million in subscriptions. The total locked-up amount ( TVL ) has exceeded $81.66 million, with 6 days remaining in the subscription period, which will close at 23:59 on October 26th, Beijing time. This product is a 3-month USDC financial management product, with underlying returns coming from emerging market consumer credit portfolios, offering a net annualized yield of approximately 12.5%-13%, plus a bonus incentive pool equivalent to $200,000 PROS. Users can make new subscriptions or continue to hold their positions from the first phase through the DEFI entry point on Binance Wallet. Axil is an institutional-level RWA risk management provider, with a team coming from BlackRock, HSBC, and HashKey. They specialize in private credit strategies for emerging markets and adopt a AI driven risk assessment and multi-layer protection framework.