BSFG-EM-2, issued by the PACT Protocol smart contracts under the governance of PACT DAO tokenholders, is a tokenized credit-fund interest representing a fractional position in an emerging market credit facility originated and serviced onchain [S1][S2].

The token tracks the Berkeley Square Emerging Markets Portfolio 2, a private emerging market credit facility structured as a programmable onchain debt instrument. The protocol facilitates onchain origination, servicing, and repayments, with lending settled in stablecoins [S1]. Economic returns derive from the underlying credit facility's repayments routed through the protocol's microcredit and credit infrastructure for emerging markets [S1].

PACT presents itself as the PACT Foundation, a community-governed protocol whose direction is set by PACT DAO tokenholders rather than a single named corporate issuer entity [S1][S2]. The Foundation's stated mission is enabling financial empowerment through decentralized microfinance, providing financial support to entrepreneurs and community investment [S3]. Governance is conducted by holders who propose, vote on, and implement protocol upgrades, with voting power gained by locking and staking the native $PACT governance token [S2]. The protocol originated from the former ImpactMarket project and now operates onchain microcredit infrastructure for emerging markets [S1].

Protocol-level credit operations run onchain, with origination, servicing, repayments, and stablecoin settlement handled by the protocol [S1]. The native $PACT asset was originally issued on the Celo network and bridged one-way to the Aptos network via the official bridge application, with governance transitioning to Aptos [S4].

<Sources
  retrievedAt="2026-06-21"
  items={[
    { id: "S1", url: "https://forum.pact.foundation/t/the-official-pact-foundation-whitepaper-release/23" },
    { id: "S2", url: "https://forum.pact.foundation/" },
    { id: "S3", url: "https://pact.foundation/about_us" },
    { id: "S4", url: "https://forum.pact.foundation/t/pact-is-bridging-to-aptos/31" },
  ]}
/>


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Berkeley Square Emerging Markets Portfolio 2 (BSFG-EM-2) is a tokenized fund share issued by PACT.

Berkeley Square Emerging Markets Portfolio 2BSFG-EM-2