Centrifuge partners with Pharos to advance on-chain distribution infrastructure for institutional assets

According to official news reported by Odaily, Centrifuge and Pharos have announced a partnership aimed at distributing and operating institutional-grade assets on-chain at scale, such as tokenized US Treasuries (JTRSY) and AAA-rated structured credit products (JAAA), through a shared infrastructure framework. This collaboration will combine Centrifuge's tokenization infrastructure with Pharos' 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 the issues of access and availability, and this partnership focuses on building the distribution and infrastructure layers.

Wish Wu, CEO of Pharos, said 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 investment from institutions such as Hack VC and Faction VC.