Centrifuge Partners with Pharos to Advance Institutional Asset On-Chain Distribution Infrastructure

Odaily News According to official sources, Centrifuge and Pharos have announced a partnership aimed at distributing and operating institutional-grade assets, such as tokenized U.S. Treasuries (JTRSY) and AAA-rated structured credit products (JAAA), on-chain at scale through a shared infrastructure framework. This collaboration will integrate Centrifuge's tokenization infrastructure with Pharos's Layer 1, providing a liquidity and distribution layer for assets issued by Centrifuge to address the distribution challenges of institutional assets in on-chain finance.

Bhaji Illuminati, CEO of Centrifuge Labs, stated that tokenization alone cannot solve issues of access and usability, and this partnership focuses on building the distribution and infrastructure layer.

Wish Wu, CEO of Pharos, noted that the challenge lies not in demand but in infrastructure, and the collaboration aims to create an environment where institutional assets can remain active on-chain.

Pharos is a financial Layer 1 designed for RealFi, developed by a team of former Ant Group leaders and engineers, and has received investments from institutions such as Hack VC and Faction VC.