Pharos, a programmable open financial Layer 1 network, has officially announced that it will adopt the Chainlink standard from the first day of its mainnet launch.

Pharos selected Chainlink's Cross-Chain Interoperability Protocol (CCIP) as its official cross-chain infrastructure because it provides the industry's most secure and reliable cross-chain value transfer and messaging. Furthermore, Pharos will utilize Chainlink Data Streams to support a high-performance real-world asset (RWA) market with ultra-fast and accurate price data. Leveraging Chainlink's core tokenization infrastructure, Pharos will accelerate the scaling of enterprise-grade tokenized RWAs.

Founded by former core members of AntChain and Ant Financial's blockchain division, Pharos is uniquely positioned to provide enterprise-grade solutions for emerging institutions exploring green finance, digital payments, programmable ownership, and asset tokenization. Pharos is committed to making institutional-grade RWAs more accessible to individual investors, thereby promoting widespread adoption and attracting new users to the DeFi ecosystem.

To power these markets and connect them to a multi-chain ecosystem, Pharos requires highly accurate, low-latency on-chain market data, as well as a secure cross-ecosystem information and value transfer infrastructure—which is why Chainlink Data Streams and Chainlink CCIP are so crucial to Pharos.

Using Data Streams can help Pharos achieve:

• Sub-second price latency: Leveraging a proven oracle infrastructure, Data Streams delivers sub-second data latency, providing users with a high-performance trading experience without sacrificing decentralization or transparency.
• High Data Accuracy: Data Streams provides high-precision, low-latency pricing data that aligns with prices on major exchanges, enhancing user trust and protocol performance.
• End-to-end customization: Chainlink Data Streams supports flexible, custom data structures, allowing market data formats to be adjusted to meet the specific needs of different protocols through custom channel reporting.
• Anti-frontrunning and anti-exploitation mechanisms: Through low-latency updates and a commit-and-reveal architecture, sub-second data delivery is achieved, effectively preventing pre-transaction information leakage and frontrunning attacks.

Adopting CCIP as the official cross-chain infrastructure will help Pharos achieve:

• Multi-layered security: CCIP's consensus layer is powered by the Chainlink Decentralized Oracle Network (DON). Multiple DONs are maintained by a network of high-quality oracle node operators, and every CCIP transaction undergoes multiple verifications, ensuring exceptional security.
• Secure cross-chain token transfers: CCIP simplifies the cross-chain token transfer process through the Cross-Chain Token Standard (CCT), enabling both new and existing tokens to be transferred across chains in minutes without imposing vendor lock-in on token issuers.
• Forward-looking network effects: CCIP drives more and more blockchain interconnection and supports the permissionless access of new tokens, forming long-term network effects.

Johann Eid, Chief Business Officer of Chainlink Labs, said: “Pharos’ adoption of Chainlink CCIP as its official cross-chain infrastructure and the introduction of Chainlink Data Streams for low-latency market data mark a significant step forward in enabling secure, high-performance cross-chain applications. By adopting Chainlink’s interoperability standards, Pharos enables developers to build tokenized RWA applications with institutional-grade scalability, leveraging the Chainlink infrastructure that already secures trillions of dollars in on-chain transactions.”

Pharos CEO and co-founder Wish Wu said: “Chainlink is the core tokenization infrastructure of Pharos. By adopting CCIP as our official cross-chain standard and using Data Streams to provide low-latency price data, we enable developers and institutions to build tokenized asset solutions that meet enterprise-grade performance and security standards from day one.”

About Pharos

Pharos Network is a next-generation financial Layer 1 network that integrates real-world assets (RWA), traditional finance (TradFi), and cross-chain liquidity into a unified, programmable network. Pharos is committed to providing high-speed execution and neutrality for real-world applications, including asset tokenization, high-throughput DeFi, and enterprise-grade finance. The project has received backing from top global investors such as Hack VC and Faction VC.

For more information, please visit: www.pharosnetwork.xyz

About Chainlink

Chainlink is the industry-standard oracle platform, dedicated to bringing capital markets on-chain and powering the majority of decentralized finance (DeFi) applications. The Chainlink technology stack provides critical data, interoperability, compliance, and privacy standards for advanced blockchain use cases such as institutional-grade tokenized assets, lending, payments, and stablecoins. Since inventing decentralized oracle networks, Chainlink has facilitated tens of trillions of dollars in transaction value and provides security for the vast majority of DeFi.

Many of the world's top financial institutions have adopted Chainlink's standards and infrastructure, including Swift, Euroclear, Mastercard, Fidelity International, UBS, and ANZ, as well as leading protocols such as Aave, GMX, and Lido. Chainlink employs an innovative fee model, converting both on-chain and off-chain enterprise revenue into LINK tokens, which are deposited into a strategic reserve pool, the Chainlink Reserve.

To learn more, visit: chain.link