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Pharos Brings Institutional Private Credit Onchain with Axil Prime Credit Vault, Targeting 14.3% Yield from Real-World Credit Cash Flows
Hong KongA $100M USDC vault gives onchain depossitors access to a strategy class long reserved for funds and family offices — built on real credit, not token emissions Financial & AI Layer 1 Pharos Network today announced the launch of the Axil Prime Credit Vault (APC), a fully onchain institutional private credit strategy that opens an asset […]
Hong Kong
A $100M USDC vault gives onchain depossitors access to a strategy class long reserved for funds and family offices — built on real credit, not token emissions
Financial & AI Layer 1 Pharos Network today announced the launch of the Axil Prime Credit Vault (APC), a fully onchain institutional private credit strategy that opens an asset class historically gated to institutions to a broader base of onchain depositors. Distributed through leading platforms including OKX Wallet, Binance Wallet, TopNod, and Kucoin Wallet, the vault targets a yield of up to ~14.3% APY and is capped at $100 million USDC.

Private credit has become one of the fastest-growing corners of global finance, with institutional allocators directing hundreds of billions into the The AI Infrastructure Stack Decomposed: Compute, Training, and Execution as three separate markets asset class in search of yield uncorrelated to public markets. Until now, that access has been effectively closed to anyone outside large funds, family offices, and institutional desks. APC is designed to change that distribution.
“Institutions and professional investors have always reached the best private credit opportunities first. Pharos is helping real value and real users of Realfi collapsing that gap,” said Wish Wu, Co-founder & CEO of Pharos. “This is not related to point farming or inflationary yield. This is generated by real-world consumer credit cash flows that everyone can access every day.”
Real yield, real credit
The Axil Prime Credit Vault provides exposure to a diversified private credit portfolio sourced through institutional-grade infrastructure. Its target yield is composed of approximately 11.3% from the underlying private credit portfolio, plus approximately 3% in $PROS, Pharos native coin, ecosystem incentives from Pharos, a return profile linked to real-world credit markets rather than crypto-native emissions or speculative trading.
The vault is a 100% Axil-managed strategy deployed through R25 Protocol on Pharos, structured across Pharos serves as the distribution and settlement layer, providing access for RealFi users; Axil acts as credit manager and vault operator, responsible for portfolio construction and credit strategy; R25 provides the real-world asset infrastructure connecting onchain capital to off-chain credit.
Built for access
APC follows the success of Pharos’ earlier pAlpha Vault. Also centered on real yield, pAlpha vault operated securely throughout its lifecycle with no security incidents. APC is built on the same rigorous risk-management and operational standards, extending that proven framework into private credit.
Depositors can fund the three-month vault using either Pharos-native USDC powered by Circle or assets bridged from Ethereum, lowering the friction for capital across networks. APC reaches depositors through leading industry platforms, with distribution confirmed via OKX Wallet, Binance Wallet, TopNod, and Kucoin Wallet, extending the vault’s reach to qualified users well beyond any single ecosystem.
Access opens to the public on July 15, with capacity limited to $100 million USDC. Under the vault’s “deposit earlier, earn longer” structure, depositors who join sooner accrue more yield-bearing days before the lock-up period begins.
About Pharos
Pharos is a financial and AI Layer 1 built for RealFi. It delivers the compliant infrastructure needed for institutional assets and internet-scale capital markets. Designed to coordinate real-world financial activity onchain, Pharos combines deep-parallel execution (SALI engine), modular SPNs, and protocol-level compliance infrastructure, integrating ZK-KYC / AML mechanisms, AsyncBFT consensus, native AI agent support (X402 protocol), and dualVM (EVM + WASM compatibility), to support RWAs, stablecoins, cross-border settlement, onchain yield markets, and agent-mediated commerce at internet scale.
The network is supported by strategic partners across the global financial stack, including Circle, Chainlink, Anchorage Digital, Morpho, and Centrifuge, connecting regulated capital markets with onchain liquidity venues where real-world assets can be actively deployed into real-yield-generating strategies.
Built by former Ant Group leadership and engineers, backed by leading global investors across TradFi and crypto, including Sumitomo Corporation, Flow Traders, SNZ, Hack VC, and Faction VC, Pharos is developing the infrastructure layer for the next era of programmable finance and the agentic economy.
Media Contact:
Felix Clarke
Email: [email protected]
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Don’t Put a Price Tag on a Child’s Trauma: California Lawmakers Must Reject Caps on Sexual Abuse Damages
Los Angeles, CaliforniaBy Sam Dordulian, former Los Angeles County Deputy District Attorney and sex crimes prosecutor, founder of Dordulian Law Group The short answer: California legislators are considering a last-minute deal that would cap the damages a child sexual abuse survivor can recover from a school district or county, and raise the burden of proof for survivors […]
Los Angeles, California
By Sam Dordulian, former Los Angeles County Deputy District Attorney and sex crimes prosecutor, founder of Dordulian Law Group
The short answer: California legislators are considering a last-minute deal that would cap the damages a child sexual abuse survivor can recover from a school district or county, and raise the burden of proof for survivors who come forward more than 20 years after the abuse. Both proposals should be rejected. Damage caps do not prevent sexual abuse. They do not fix a budget. They simply move the cost of an institution’s failure off the institution’s books and onto the survivor, who never had a choice in the matter to begin with.
Lawmakers have until midnight on August 31, 2026 to finish business for the year. Whatever they decide in those final hours will define – for a generation of California children – whether the harm done to them is worth accounting for in full or only up to a number chosen by the people being sued.
What Is Actually on the Table
Counties and school districts are asking for two things:
- First, a ceiling on how much any individual survivor can seek in damages;
- Second, a heightened evidentiary standard for claims filed more than two decades after the abuse occurred.
An attempt at a similar compromise collapsed at the end of the 2025 session, when Senate Bill 577 failed in part because public agencies objected that it contained no damages cap. This year, according to CalMatters reporting, a draft from the Assembly Speaker’s office again floated caps and a higher evidence threshold for older claims, while Senate leadership has resisted caps as an erosion of survivors’ rights.
I want to be clear about what a cap does, because the word sounds administrative and the effect is not. A cap does not reduce the number of children who were abused. It does not reduce the psychiatric care a survivor will need at age 35 for what happened at age nine. It does not reduce the lost wages, the ruined marriages, the addiction, the decades of therapy. It reduces one thing only: the amount a jury is permitted to say out loud about what an institution did.
Crying Broke Is a Cop Out
The argument from school districts and counties is that the payouts are unaffordable. I have read the same figures everyone else has. The 2024 report to the Legislature projects that settlements and verdicts could cost California school districts up to $3 billion, with counties facing significantly more. Los Angeles County alone approved a roughly $4 billion settlement in 2025 resolving more than 6,800 claims of abuse in its juvenile facilities, foster homes, and shelters, some dating back to the 1950s. Districts describe cutting programs and deferring maintenance to fund insurance premiums and self-insurance reserves.
I do not dismiss those numbers. I want to be clear about what they represent. That $4 billion is not the cost of litigation. It is the cost of what happened to 6,800 children in facilities the County was running. The lawsuits did not create that liability. The abuse did. The decades of institutional silence that followed it did.
This is the part of the debate that should trouble every California taxpayer. Public entities are not uninsured. They carry coverage – most of them through joint powers authorities – which are self-funded risk pools built for exactly this category of catastrophic loss. Risk pooling is the mechanism our public agencies chose. When the risk materializes, the answer cannot be that the mechanism was never meant to actually pay.
Every industry that has faced mass abuse liability has run this same play. The Catholic dioceses ran it. The Boy Scouts of America ran it. USA Gymnastics ran it. In each case, the institution said the claims would destroy it. Nevertheless, in each case, the real story was decades of internal knowledge, transfers of known abusers, and documents that never saw daylight until a plaintiff’s lawyer forced them into a courtroom. The financial reckoning was not a surprise; it was deferred.
If a district’s premiums are painful today, the honest response is to ask why the underwriting risk is so high, and to fix the supervision, hiring, reporting, and background check failures that generate claims. Several school districts are already doing that work. Capping recovery does the opposite. It tells every risk manager in the state that the maximum exposure for failing to protect a child is now a known, budgetable, survivable number. You cannot deter conduct you have priced in advance.
Caps Punish the Worst Cases Hardest
Here is the practical arithmetic of a damages cap, and it is the reason plaintiff attorneys and survivor advocates react to the idea the way they do.
A cap has no effect on a modest claim. It has its entire effect on the most severe cases. The survivor who was abused once has a claim that likely falls below any ceiling the Legislature would set. The survivor who was groomed for three years by a teacher the district had already been warned about, who attempted suicide at 12, who has not held steady employment in adulthood, is the survivor whose recovery gets cut. A cap is a discount that scales with the severity of the harm.
That is not a policy tradeoff. It is a subsidy for the worst institutional conduct in the state, paid for by the people who were hurt the most by it.
Juries already perform the function caps are supposed to serve. Twelve Californians sit through the evidence, hear the defense, and decide what the harm is worth. Appellate courts already have authority to reduce awards that shock the conscience. We are not operating without guardrails. Rather, we are being asked to replace the judgment of citizens who heard the facts with a number written by lobbyists who did not.
Raising the Burden of Proof Punishes Survivors for Being Children
The second proposal – a heightened evidence standard for claims older than 20 years – misunderstands how child sexual abuse works.
Delayed disclosure is not the exception in these cases. It is the norm. Survivors are groomed into silence, threatened, shamed, and often abused by the exact adult the institution told them to trust. Many do not understand what happened to them until well into adulthood. The Legislature already recognized this in 2019 when Assembly Bill 218 extended the deadline for childhood sexual abuse claims to age 40, or within five years of discovering that a psychological injury was caused by the abuse. That change was made because the old deadlines were built around an assumption about disclosure that the research does not support.
Public agencies say old cases are harder to defend because witnesses die and records go missing. That is true, and it cuts in a direction they do not acknowledge. The institution is the party that controlled the records. It set the retention schedules. It decided which complaints went into a personnel file and which were handled quietly. It had staff counsel, archives, risk managers, and investigators. The nine-year-old child had none of that. Asking a survivor to produce more documentation than the district itself preserved is asking the victim to compensate for the defendant’s recordkeeping.
Compensation Is Not a Windfall. It Is the Only Enforcement Mechanism We Have.
There is no state agency that fines a district for failing to act on a credible complaint about a coach. There is no regulator that audits whether a county probation camp investigated the report a 13 year old made in 1994. Civil liability is, functionally, California’s entire child protection enforcement system for institutions.
Take away the financial consequence and you have not reformed anything. You have quietly repealed the only rule with teeth. The survivor in a recent CalMatters report who won a verdict against her district said she hoped the money would force change, because it cannot happen again. She understands the mechanism better than the lobbyists do.
Ed Howard of the Children’s Advocacy Institute put the moral question plainly at a Sacramento press conference when he said of survivors, “It is our fault what happened to them.”
He is right. And the response to a fault we have already admitted cannot be a statute that limits what the admission costs us.
What Lawmakers Should Do Instead
There are real ways to address the fiscal pressure on districts and counties that do not run through survivors’ recoveries:
- State-backed reinsurance or a catastrophic loss fund for legacy claims, so a small rural district is not destabilized by conduct that occurred generations ago under different administrators.
- Structured or scheduled payouts over defined terms, so large judgments do not hit a single fiscal year, without reducing the total owed.
- Premium credits tied to prevention, rewarding districts that implement verified background screening, two adult rules, mandated reporter auditing, and complaint tracking.
- A public complaint registry so a credibly accused employee cannot quietly transfer to the next district.
- Full daylight on process. If the Legislature intends to alter survivors’ rights, it should do so through the regular committee process where survivors can testify, not in a negotiated package in the final week of session.
Every one of those options spreads risk without asking a survivor to absorb it personally. That is what insurance is for.
The Standard California Should Hold
The state made a promise when it took custody of these children, whether in a classroom, a foster home, a probation camp, or a juvenile hall. It did not keep that promise. The bill for breaking it is large because the breach was large and because it went on for decades.
California can pay that bill honestly, or it can legislate a discount for itself. Only one of those is justice.
I have prosecuted these cases as a Los Angeles Deputy District Attorney and I have tried them as a sexual abuse civil attorney. In every one, the survivor’s central need was the same. Not a check. Acknowledgment, in public, at full value, of what was taken from them. A cap tells them the state has decided in advance how much of that acknowledgment it can afford.
Legislators have until August 31. They should let the deadline pass before they pass a cap.
About Sam Dordulian and the DLG SAJE Team
Sam Dordulian is a former Los Angeles County Deputy District Attorney and sex crimes prosecutor who has secured more than 100 jury trial victories with a 98% winning record and over $150 million recovered for clients. He founded Dordulian Law Group in Glendale, California, where the firm’s Sexual Assault Justice Experts (SAJE) Team represents survivors of childhood and adult sexual abuse across California.
The SAJE Team is built specifically for these cases. It pairs trial attorneys with a retired LAPD sex crimes detective, licensed victim advocates, and a clinical therapist, so survivors are supported throughout every step of the process rather than simply litigated through it. Consultations are free and confidential, and Dordulian Law Group represents survivors on a contingency basis, meaning there is no fee unless the firm recovers compensation.
If you or someone you love was sexually abused as a child at a school, foster placement, juvenile facility, church, camp, or youth program in California, you can speak with our team confidentially at (866) GO-SEE-SAM.
Learn more:
Frequently Asked Questions
What is a damages cap in a California child sexual abuse lawsuit?
A damages cap is a statutory ceiling on how much money an individual survivor may recover, regardless of what a jury decides the harm is worth. California does not currently cap damages in child sexual abuse claims against public entities. Proposals under discussion in the 2026 legislative session would create one for claims against school districts and counties.
Why do school districts and counties want damages caps?
Public agencies say settlements, verdicts, and insurance premiums have strained budgets since filing deadlines were extended, forcing cuts to staffing, programs, and maintenance. A 2024 report to the Legislature projected costs to school districts of up to $3 billion, with counties facing more.
Why do survivor advocates oppose damages caps?
Because caps reduce recovery only in the most severe cases, remove the financial incentive for institutions to improve child protection, and substitute a legislative number for a jury’s assessment of actual harm. Advocates also object to the state assigning a fixed value to sexual abuse it failed to prevent.
How long do I have to file a child sexual abuse claim in California?
Under Assembly Bill 218, survivors of childhood sexual abuse generally have until age 40, or five years from the date they discover that a psychological injury or illness was caused by the abuse, whichever is later. Deadlines vary by the facts of the case and by when the abuse occurred, so survivors should speak with an attorney rather than assume a claim is time barred.
Under Assembly Bill 452, survivors of California childhood sexual abuse who were victimized on or after January 1, 2024 have an unlimited window to file a civil claim (there is no statute of limitations). However, it is recommended that survivors contact a sexual abuse attorney for a free and confidential consultation as soon as possible to ensure the greatest likelihood of success in one’s case.
Can I sue a public school district in California for sexual abuse?
Yes. California school districts, counties, and other public entities can be held civilly liable when negligent hiring, supervision, retention, or failure to report enabled abuse. Claims against public entities involve specific procedural rules, which is why early legal guidance matters.
Does a lawsuit against a school district take money away from students?
Public agencies carry liability coverage, generally through joint powers authority risk pools funded for catastrophic claims. Litigation does not create the underlying liability; the abuse and the institutional failure to stop it do. Prevention measures, not damages caps, are what reduce future claims and premiums.
*On August 27, the Los Angeles Times reported that California state legislators had announced a plan to make “modest” changes to Assembly Bill 218. “The proposed legislation, offered in the final days of the legislative session, would require older victims to provide additional proof that they were abused as children, but does not limit the amount they could receive in payouts — a demand made by local governments and school districts that have shelled out billions of dollars in recent settlements,” the Times wrote.
Media Contact Details
Jason Kitchen
Dordulian Law Group Los Angeles Sexual Abuse Lawyers
Email: Send Email
Phone: 8187884919
Website: dlawgroup.com
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Wound Care Today USA Launches Learning Dashboard and Community Hub for Wound Care Professionals
DOWNINGTOWN, PAThe new tools let members track their progress and connect with peers and put a spotlight on WCT USA’s diverse learning format offerings.
The new tools let members track their progress and connect with peers and put a spotlight on WCT USA’s diverse learning format offerings.
DOWNINGTOWN, PA
Wound Care Today USA (WCT USA), a digital-first education platform for wound care professionals, today launched a personal learning dashboard and a new Community Hub, giving members a way to track their progress over time and connect with peers across the platform for the first time.
Until now, WCT USA’s Microlearns, podcasts, CME/CE activities, Reimbursement Readiness education, videos, Resources, and webinars have each stood on their own, with no single place to see what a member has actually completed. The dashboard and Community Hub tie that library together for the first time, giving healthcare professionals one place to pick up where they left off and see their learning history at a glance
“Clinicians have been building real expertise on WCT USA for a while now, they just haven’t had a way to see it,” said Jeremy Bowden, Founder and President of Wound Care Today USA. “The dashboard and Community Hub give that progress a home and give our audience a reason to come back and see what their peers are learning too.”
A Dashboard That Remembers Marks Your Milestones
Members can now return to activities already in progress, review completed education, access certificates, and see their full learning history in one place. New Achievement Badges mark milestones along the way, turning individual lessons and other learning into a visible record of what they have built over time.
A Community Hub Built Around Wound Care Professionals
The new WCT USA Community Hub brings together community member achievements, testimonials, a suggestion channel where members help shape what WCT USA builds next, platform-wide activity stats and leaderboard, a new blog, and a single calendar of upcoming events. It’s the first place on WCT USA built specifically for the wound care community to see each other, not just the education.
“The dashboard and Community Hub are really a reason to look again at everything already on WCT USA,” said Miranda Henry, Vice President of Content at Wound Care Today USA. “We have members who’ve never listened to a WoundCasters episode or worked through an entire Microlearn lesson series. The Hub puts all of it in front of them in one place, alongside what others in the wound care space are also interested in and learning. The leaderboard provides a way for us to celebrate each other’s learning and have a bit of competitive fun along the way.”
A Library Worth a Second Look
The new tools also give WCT USA a reason to point healthcare professionals toward the full breadth of what’s already on the platform, much of which hasn’t gotten a spotlight of its own until now:
- Microlearns: WCT USA’s pillar content, short, focused lessons professionals can work through in the time between patients.
- Video Library: expert interviews, demonstrations, and other visual education members can watch on their own schedule.
- WoundCasters: a podcast series pairing WCT USA with leading wound care voices for candid, conversational deep dives listeners can enjoy on a commute, a walk, or a break between patients.
- Reimbursement Readiness: an education podcast and learning track breaking down coding, billing, and reimbursement changes that directly affect wound care practice, built for clinicians and administrators who need to stay ahead of policy rather than react to it.
- Resources: a library containing practical information such as Professional Development materials, patient handouts, product education, and other ready-to-use resources teams can pull into everyday practice.
Reimbursement Readiness also has a live counterpart: Reimbursement Readiness LIVE, an in-person workshop that brought clinicians together in Atlanta earlier this year featuring reimbursement expert Kathleen Schaum. This inaugural event earned a 4.95 out of 5 rating from attendees. With the format proven, WCT USA plans to expand its live event calendar in 2027.
The dashboard and Community Hub, along with WCT USA’s full library of Microlearns, videos, WoundCasters, CME/CE activities, Reimbursement Readiness education, Resources, and live events, are available now at WCT-US.COM. Membership is free and gives learners access to WCT USA’s entire library.
About Wound Care Today USA
Wound Care Today USA is a digital-first education platform dedicated to making high-quality wound care education accessible to healthcare professionals when, where, and how they need it. Through Microlearns, videos, CME/CE activities, webinars, WoundCasters audio content, Reimbursement Readiness education, practical Resources, live events, and community experiences, WCT USA gives wound care professionals flexible ways to keep learning, stay current, and connect with their peers.
Media Contact Details
Jeremy Bowden
Email: Send Email
Website: wct-us.com
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ENIXYTIL Trademark Filings Advance Proprietary Caffeine Technology for Modern Oral Delivery
denmarkENIXYTIL is a proprietary modified caffeine technology developed by N.G.P. Tobacco ApS for modern oral delivery systems and the company’s next generation of Performance Pouches.
ENIXYTIL is a proprietary modified caffeine technology developed by N.G.P. Tobacco ApS for modern oral delivery systems and the company’s next generation of Performance Pouches.
denmark
ENIXYTIL is a proprietary modified caffeine technology developed by N.G.P. Tobacco ApS for modern oral delivery systems and the company’s next generation of Performance Pouches.
ENIXYTIL is an innovative modified form of anhydrous caffeine developed specifically for modern oral delivery systems. Unlike conventional caffeine formats designed primarily to be swallowed, ENIXYTIL is intended for products in which caffeine is first released within the oral cavity.
According to N.G.P. Tobacco ApS, the technology has modified physicochemical characteristics intended to support rapid dissolution in saliva, distribution across the oral mucosa and compatibility with modern oral product formats. The development approach is intended to preserve caffeine’s fundamental mechanism of action while adapting how caffeine can be formulated and delivered.
ENIXYTIL was developed through ongoing laboratory investigation, formulation research and product development. The company says the technology was engineered specifically for modern oral delivery systems and serves as the technological foundation for its next generation of Performance Pouches.
The ENIXYTIL trademark application was filed in the European Union on July 23, 2026 under application number 019399490 and published on August 11, 2026. Applications have also been filed in the United Kingdom and United States, giving ENIXYTIL a consistent standalone identity as the technology moves into further industry presentation and development.
The company is expanding public information around ENIXYTIL so industry partners and other stakeholders can clearly identify what the technology is, who developed it and the product formats for which it was created.
More information about ENIXYTIL, its development background and intended role in modern oral delivery systems is available at https://ngpeurope.eu/ngp-enixytil/
About N.G.P. Tobacco ApS
N.G.P. Tobacco ApS develops technologies and products for modern oral delivery systems through laboratory investigation, formulation research and continuous product development. ENIXYTIL is the company’s proprietary modified caffeine technology developed for modern oral delivery formats. More information is available at https://ngpeurope.eu/
Media Contact Details
Michael Peers
BrandVirality
Phone: 13022615308
Website: getbrandvirality.com
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