BSFG-EM-NPA-2, issued by the PACT Protocol smart contracts under the governance of PACT DAO tokenholders, is a tokenized credit fund interest providing fractional economic exposure to an emerging market credit facility settled onchain [S1][S2].

The token represents a fractional interest in the Berkeley Square Emerging Markets NPA Portfolio 2, an emerging market credit facility structured as a programmable onchain debt instrument. The protocol facilitates onchain origination, servicing, repayments, and stablecoin settlement for its credit operations [S1]. Lending across the protocol is settled in stablecoins, and the native $PACT asset functions as a governance and coordination layer rather than collateral backing the credit [S2].

PACT presents itself as the PACT Foundation and operates a community-governed protocol whose direction is set by PACT DAO tokenholders rather than a single named corporate entity, so the product is not issued by a single corporate issuer [S1][S2]. The Foundation describes its mission as enabling accessible microfinance and a Microcredit program supporting entrepreneurs and community investment through decentralized technology [S3]. Membership in the PACT DAO is open to anyone who holds and stakes $PACT, with voting power gained by locking the token [S2].

The token was originally issued on the Celo network and has since been made available on the Aptos network through a one-way bridge accessed at the official bridge application, after which holdings cannot be returned to Celo [S4]. Protocol credit operations execute onchain with stablecoin settlement [S1]. Supported networks named on the issuer domain are Celo and 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 NPA Portfolio 2 (BSFG-EM-NPA-2) is a tokenized fund share issued by PACT.

Berkeley Square Emerging Markets NPA Portfolio 2BSFG-EM-NPA-2

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