BIT Fixed Income tiered rates are now live across BTC, USDT and USDC Base rates have been raised across the board, and from the 60-day tenor onward, larger subscriptions unlock higher rate tiers Selected 180-day and 365-day stablecoin products also offer monthly interest payouts Learn more:

Onchain fixed income so far has mostly meant Treasuries and AAA-rated CLOs: return built around minimizing credit risk. High yield corporate bonds sit at a different point on that curve. Return on them comes from underwriting the credit quality of issuers across a portfolio. $HYB targets a high yield strategy managed by @NYLIManagement, with a multi-year track record behind it: - 7.28% in 2025 - 6.88% in 2024 - 11.40% in 2023 These returns come from a credit team's judgment on which issuers get paid, applied across the portfolio and consistently enough over the years to produce them. That judgment is what's settled onchain now.

Chief Fixed Income Strategist Vishy Tirupattur takes a look at how credit markets are adapting to fund the new phase of AI capex. Tune into the latest Thoughts on the Market.

Our Global Head of Fixed Income Research Andrew Sheets takes a closer look at potential investment paths when markets appear increasingly synchronized around a few macro themes. Tune into the latest Thoughts on the Market.

The first wave of Bitcoin-backed fixed income has shown the demand is real. The global opportunity is many multiples larger. Japan is a particularly compelling case. Japanese households hold roughly $7 trillion in cash and deposits earning nothing. Decades of zero-yield conditioning, a generation of conservative savers, and a regulatory framework that increasingly accommodates digital assets. The fit is hard to ignore.

Broad exposure may not be enough in today’s fixed income market. Chi Chen looks at opportunities across rates, securitized assets, emerging markets and select global credit. Explore our latest Fixed Income Outlook:

Faroo brings both structured yield and native liquidity. - tbPROS brings fixed-income-like yield onchain. - stPROS keeps staking liquid and composable. Built for @pharos_network RealFi. Coming soon. Stay close.