BroadChain News, April 28 - According to BeInCrypto, against the backdrop of intensifying competition among Layer 1 public chains, Real World Assets (RWA) are becoming a key area for the next phase of ecosystem development. Platforms such as Solana, Aptos, NEAR Protocol, Sui, and Avalanche are exploring different paths. Pharos, which has secured $52 million in funding, enters this crowded market with its $PROS token, focusing on addressing two major barriers to RWA adoption: distribution fragmentation and the lack of infrastructure that meets institutional compliance and privacy requirements.
Pharos co-founder and CEO Wish Wu believes that the issue is not whether the chain can handle transactions, but whether assets, users, compliance processes, and applications can operate collaboratively within the same environment. He emphasizes that most blockchains are still general-purpose systems, with financial functions added as an afterthought, leading to fragmentation. Through its "RealFi" concept, Pharos embeds financial use cases directly into the network's underlying layer, rather than forcing the network to adapt to financial needs.
On the technical verification front, Pharos' Atlantic testnet has processed over 4.3 billion transactions in less than a year, covering 209 million wallets, demonstrating high throughput and sub-second finality. However, Wu points out that for institutional-grade activities, performance alone is insufficient; assets, applications, compliance, and liquidity must work together to form a financial system rather than just infrastructure. At the time of mainnet launch, over 50 applications are ready for deployment, and its pAlpha high-yield RWA vault has attracted over $15 million in initial committed funds, providing early liquidity for the ecosystem.