Centrifuge and Pharos Collaborate to Advance On-Chain Distribution Infrastructure for Institutional Assets

marsbitОпубликовано 2026-02-17Обновлено 2026-02-17

Введение

Centrifuge and Pharos have announced a collaboration to build shared on-chain infrastructure for the scalable distribution and operation of institutional-grade assets, including tokenized U.S. Treasuries (JTRSY) and AAA-rated structured credit products (JAAA). The partnership addresses a core challenge in institutional onchain finance: distribution. While tokenization has advanced significantly, many institutional assets remain siloed, inaccessible, or become inactive after issuance. A key issue is that access to dollar-denominated products like credit and Treasuries remains restricted in many markets outside the U.S. and Western Europe due to regulatory, operational, and custodial barriers. Even when tokenized, these assets are often distributed in a fragmented way, limiting their reach and usability within active on-chain financial systems. By integrating Centrifuge’s institutional tokenization infrastructure with Pharos’s “inclusive, execution-first” Layer 1 blockchain, the partnership aims to create a unified environment for asset distribution, liquidity, and continuous on-chain operation. Pharos will serve as a strategic liquidity and distribution layer for assets originated through Centrifuge, enabling deeper liquidity pathways and broader capital access. Centrifuge Labs CEO Bhaji Illuminati emphasized that “tokenization alone doesn’t solve accessibility and usability,” underscoring the need for distribution infrastructure. Pharos CEO Wish Wu noted that “the challeng...

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/

Связанные с этим вопросы

QWhat is the main goal of the collaboration between Centrifuge and Pharos?

AThe main goal is to enable scalable distribution and operation of institutional-grade assets, such as tokenized U.S. Treasuries (JTRSY) and AAA-rated structured credit products (JAAA), on-chain through a shared infrastructure framework.

QWhat key challenge in institutional onchain finance does this partnership aim to address?

AThe partnership aims to address the challenge of distribution, ensuring that institutional assets are not just tokenized but remain actively usable within a functioning onchain financial system.

QHow does Pharos contribute to this collaboration?

APharos serves as a strategic liquidity and distribution layer for assets issued through Centrifuge, providing high-performance infrastructure and ecosystem connectivity to facilitate broader capital access and deeper onchain liquidity pathways.

QWhat is Pharos Network's primary focus as a Layer 1 blockchain?

APharos is an inclusive financial Layer 1 for RealFi, designed to enable the circulation of real-world and institutional-grade assets on-chain with composability with decentralized assets, featuring modular architecture, deep parallel execution, and built-in compliance capabilities.

QAccording to the CEOs, what is the broader vision behind this partnership?

AThe broader vision is to move towards 'operational onchain finance,' where institutional assets are not only tokenized but are actively supported by infrastructure designed for distribution, execution, and long-term engagement in an open, composable financial system.

Похожее

South Korean Exchanges 'Battle' Regulators, Challenging the Boundaries of Enforcement and Legislation

South Korea's cryptocurrency industry is engaged in a rare, direct confrontation with regulators. The Financial Intelligence Unit (FIU), the primary anti-money laundering (AML) watchdog, has recently imposed heavy penalties on major exchanges like Upbit and Bithumb for alleged violations involving unregistered overseas VASPs and AML procedures. However, exchanges are now actively challenging these actions in court and through industry associations. In a significant shift, the Seoul Administrative Court ruled in favor of Upbit's operator, Dunamu, overturning part of an FIU-ordered business suspension. The court found the FIU's penalty criteria and justification insufficiently clear. Similarly, the court suspended the enforcement of a six-month business suspension against Bithumb pending a final ruling, citing potential irreversible harm to the exchange. Beyond legal battles, the industry is contesting proposed legislative amendments. The Digital Asset eXchange Alliance (DAXA) strongly opposes a draft rule that would mandate Suspicious Transaction Reports (STRs) for all crypto transfers over 10 million KRW (~$6,800). DAXA argues this "poison pill" clause violates legal principles and would overwhelm the STR system, increasing reports from 63,000 to an estimated 5.45 million annually for major exchanges, thereby crippling effective AML monitoring. This conflict highlights a structural tension in South Korea's crypto governance: comprehensive digital asset laws are still developing, while regulators rely heavily on AML enforcement. The industry's move from passive compliance to active legal and legislative challenges signifies a new phase, pressing for clearer rules and more proportionate enforcement. While short-term disputes may intensify, this clash could ultimately lead to a more mature and sustainable regulatory framework for South Korea's vibrant crypto market.

marsbit42 мин. назад

South Korean Exchanges 'Battle' Regulators, Challenging the Boundaries of Enforcement and Legislation

marsbit42 мин. назад

Earnings Report, CLARITY Bill, and Warsh's Arrival: CRCL Faces Three Major Tests This Week

Circle (CRCL) faces three major tests this week that will significantly impact its stock price and valuation. First, on May 11, it will release its Q1 2026 earnings. Key metrics to watch are overall revenue and EPS, the proportion of revenue paid to distributors like Coinbase, and growth in non-interest income. The market also awaits Circle's stance on renegotiating its revenue-sharing contract with Coinbase, which expires in August. Second, on May 14, the U.S. Senate Banking Committee will vote on the CLARITY Act. This bill aims to establish a clear federal regulatory framework for digital assets. A recent compromise proposal would ban yield on static stablecoin reserves but allow rewards for active ones. Its passage, currently seen as likely by prediction markets, would be a major positive for the industry and Circle. Finally, on May 15, Kevin Warsh will succeed Jerome Powell as Federal Reserve Chair. Warsh's proposed policy of quantitative tightening combined with interest rate cuts could pose a short-term headwind for CRCL, as lower rates reduce Circle's primary revenue from USDC reserves. However, long-term prospects may improve as Warsh, a known crypto investor who opposes a Fed CBDC, is seen as potentially favorable to regulated private stablecoins like USDC.

marsbit48 мин. назад

Earnings Report, CLARITY Bill, and Warsh's Arrival: CRCL Faces Three Major Tests This Week

marsbit48 мин. назад

After 50x Storage Surge, Justin Sun Always Looks to the Next Decade

Sun Yuchen, known for his controversial stunts like a $30 million lunch with Warren Buffett (canceled due to a kidney stone) and eating a $6.2 million duct-taped banana, is often overshadowed by a significant fact: his decade-long track record of spotting major investment trends. In 2016, he famously advised young people to invest in Bitcoin, Nvidia, Tesla, and Tencent instead of buying property. A hypothetical $20,000 investment in Nvidia and Tesla from that list would now be worth over 50 million RMB. His latest major call was on November 6, 2025, predicting a "50x storage opportunity" tied to the AI boom, which materialized with Sandisk's stock surging nearly 50-fold by 2026. Looking ahead, Sun now focuses on the next frontier: Physical AI. He identifies four key areas: 1. **Embodied AI/Robotics**: He sees this reaching its "iPhone moment," with companies like UBTech and Galaxy General leading in commercialization. 2. **Drones**: Viewed as the first commercially viable form of Physical AI, revolutionizing sectors from warfare (e.g., AeroVironment's Switchblade) to logistics. 3. **Spatial Computing**: Beyond VR, it's about AI understanding physical space, a foundational technology for robotics and autonomous systems, exemplified by Apple's Vision Pro. 4. **Space Exploration**: After a 2025 suborbital flight with Blue Origin, Sun advocates for space as the ultimate frontier, discussing blockchain's potential role in space asset management and data transactions. His investment philosophy involves betting on entire, inevitable trends rather than single companies. For robotics, he sees Tesla (the body/manufacturer) and Nvidia (the brain/AI platform) as complementary plays. In defense drones, he highlights companies making tanks obsolete (AeroVironment) and those augmenting fighter jets (Kratos). For space, he participated in Blue Origin's flight and anticipates SpaceX's potential IPO to redefine the sector's valuation. Sun Yuchen's vision frames the next two decades not as a revolution in information flow (like the internet), but in the fundamental operation of the physical world through AI-powered robots, autonomous systems, and spatial intelligence, ultimately extending human and AI activity into space. While many still focus on conventional assets, he continues to look toward the next technological horizon.

marsbit1 ч. назад

After 50x Storage Surge, Justin Sun Always Looks to the Next Decade

marsbit1 ч. назад

The Billionaires Behind the Most Expensive Midterm Election in History

"The Most Expensive Midterm Elections and Their Billionaire Backers" This analysis details the unprecedented scale of spending in the 2026 midterm elections, highlighting the key billionaire donors shaping the political landscape. Jeff Yass, founder of Susquehanna International Group, has contributed over $81 million, ranking third among individual donors behind George Soros ($102.6M) and Elon Musk ($84.8M). Yass is a major donor to Trump's MAGA Inc. and supports school choice and various candidates. Overall, federal committees have raised over $4.7 billion this cycle, with political ad spending projected to reach $10.8 billion. Republican-aligned groups are significantly out-raising their Democratic counterparts. "Dark money" from undisclosed sources continues to grow. The core stakes involve control of Congress and policy direction for Trump's final term. Donors are also motivated by specific issues: Sergey Brin and Chris Larsen are funding opposition to a proposed California wealth tax and supporting crypto-friendly policies. Other top donors include OpenAI's Greg Brockman and his wife Anna ($50M total to MAGA Inc. and an AI-focused PAC), Richard Uihlein ($45.3M to conservative causes), venture capitalists Marc Andreessen and Ben Horowitz (each over $44M to crypto/AI PACs and MAGA Inc.), Miriam Adelson ($42.6M to GOP leadership PACs), Paul Singer ($33.9M), and Diane Hendricks ($25.8M to MAGA Inc.). The article notes that the peak fundraising period is still ahead, with major primaries approaching.

marsbit1 ч. назад

The Billionaires Behind the Most Expensive Midterm Election in History

marsbit1 ч. назад

The Largest IPO in History Is Approaching, Surpassing SpaceX, 28 Years of AI Self-Iteration, Countdown to Intelligence Explosion

"Anthropic Nears Trillion-Dollar IPO, Fueled by Explosive Growth and 2028 'Intelligence Explosion' Warning Anthropic is considering a deal valuing the AI company near $1 trillion, potentially leading to one of the largest IPOs ever and surpassing SpaceX. Its revenue has skyrocketed, with Annual Recurring Revenue (ARR) reaching $45 billion in May 2026—a 500% increase in just five months. This vertical growth curve is attributed to its key products, Claude Code and Cowork, dominating AI coding and enterprise collaboration. Beyond commercial success, co-founder Jack Clark issued a pivotal warning in an interview: there is a greater than 50% chance that by the end of 2028, AI systems will achieve recursive self-improvement—the ability to autonomously build a 'better version' of themselves, initiating an 'intelligence explosion.' This prophecy underpins the company's astronomical valuation, as the market prices in the potential for transformative and disruptive AI. Further signaling its ambition, Anthropic formed a $1.5 billion joint venture with Goldman Sachs and Blackstone, aiming to disrupt traditional consulting firms like McKinsey by deploying Claude AI for complex strategic work. This move tests AI's capacity to replace high-level cognitive labor, a precursor to its predicted autonomous evolution. The narrative presents a dual future: unprecedented economic opportunity alongside significant risks like economic restructuring and security threats. Anthropic's meteoric rise and Clark's 2028 prediction frame the coming years as a countdown to a potential technological singularity."

marsbit1 ч. назад

The Largest IPO in History Is Approaching, Surpassing SpaceX, 28 Years of AI Self-Iteration, Countdown to Intelligence Explosion

marsbit1 ч. назад

Торговля

Спот
Фьючерсы
活动图片

Популярные категорииright-arrow

Популярные тегиright-arrow