February 17, 2026 - Centrifuge and Pharos announced today a collaboration aimed at enabling institutional-grade assets, including tokenized U.S. Treasury bonds (JTRSY) and AAA-rated structured credit products (JAAA), to achieve scaled distribution and operation on-chain through a shared infrastructure framework.
This collaboration focuses on addressing a key challenge in institutional onchain finance: distribution. Although significant progress has been made in asset tokenization, a large number of institutional assets remain difficult to access, fragmented across different platforms, or become "static assets" after issuance, lacking continuous use cases. This collaboration aims to ensure that institutional assets do not merely stop at on-chain issuance but remain continuously usable within a functioning, real on-chain financial system.
In many markets outside the U.S. and Western Europe, access to dollar-denominated credit and treasury products still faces regulatory, account registration, custody, and operational hurdles. Even when these products are tokenized, their distribution often remains indirect and fragmented, limiting their ability to reach new participants and their potential for active deployment and use after being brought on-chain.
By combining Centrifuge's institutional-grade tokenization infrastructure and asset standards with Pharos's "inclusive, execution-first" Layer 1, this collaboration addresses these challenges at a systemic level. Pharos will serve as a strategic liquidity and distribution layer for assets issued through Centrifuge, providing high-performance infrastructure and ecosystem connectivity to facilitate broader capital inflow and create deeper on-chain liquidity pathways. This integrated environment covers wallet access, platform and enterprise channels, and execution capabilities, enabling assets to be accessed, aggregated, allocated, and reused, rather than remaining idle long after issuance.
Bhaji Illuminati, CEO of Centrifuge Labs, stated: "Tokenization alone does not solve the problems of accessibility and usability. The focus of this collaboration is to build the distribution and infrastructure layers that allow institutional assets to function within a real on-chain financial environment."
Pharos is positioned as an inclusive financial Layer 1, supporting high-throughput real-world financial workflows through native deep parallel execution and a modular architecture. The network is designed to host large-scale institutional asset activities and enable continuous on-chain operations.
Wish Wu, CEO of Pharos, stated: "The challenge is not demand, but infrastructure. This collaboration focuses on creating an environment where institutional assets can migrate on-chain and remain active within an open, composable financial system."
This collaboration is an early step towards "operational onchain finance": institutional assets are not only mapped onto the chain but are also supported by infrastructure designed for distribution, execution, and long-term engagement.
Pharos Network
Pharos is an inclusive financial Layer 1 for RealFi, where real value and institutional-grade assets can circulate on-chain and achieve composability with decentralized assets, thereby becoming the next generation of financial-grade infrastructure for the global economy. Pharos combines a modular architecture, deep parallel execution, and built-in compliance capabilities to drive the development of an "asset-native" ecosystem. The project is built by a management and engineering team from Ant Group and is backed by Hack VC, Faction VC, and other global traditional finance (TradFi) investors.
Official website: https://www.pharos.xyz/
