On February 17, 2026, Centrifuge and Pharos announced their collaboration today, aiming to enable the scalable distribution and operation of institutional-level assets, including tokenized U.S. Treasury bonds (JTRSY) and AAA-rated structured credit products (JAAA), 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" lacking continuous use cases after issuance. This collaboration aims to ensure that institutional assets do not just reside in "on-chain issuance," but can remain continuously available within a real, functioning onchain financial system.

In many markets outside the U.S. and Western Europe, accessing credit and Treasury-like products denominated in U.S. dollars still faces regulatory, onboarding, custody, and operational constraints. Even when these products have been tokenized, their distribution often remains indirect and fragmented, limiting their ability to reach new participants and hindering the likelihood of active deployment and use after going on-chain.

By combining Centrifuge's institutional-grade tokenization infrastructure and asset standards with Pharos’s "inclusive, execution-first" Layer 1, this collaboration addresses the aforementioned challenges from a systemic level. Pharos will act as a strategic liquidity and distribution layer for assets issued through Centrifuge, providing high-performance infrastructure and ecosystem connectivity to facilitate wider capital entry and create deeper onchain liquidity pathways. This integrated environment encompasses wallet access, platforms, enterprise channels, and execution capabilities, allowing assets to be accessed, aggregated, distributed, and reused, rather than remaining dormant long after issuance.

Centrifuge Labs CEO Bhaji Illuminati stated, "Tokenization alone cannot solve the issues of accessibility and availability. The focus of this collaboration is to build the distribution and infrastructure layer, so institutional assets can play a role in a real onchain financial environment."

Pharos is positioned as an inclusive financial Layer 1 that supports high throughput real-world financial workflows through native deep parallel execution and modular architecture. The network is designed to support large-scale institutional asset activities and enable continuous onchain operations.

Pharos CEO Wish Wu stated, "The challenge lies not in demand, but in 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 will not only be mapped on-chain but supported by infrastructure designed specifically for distribution, execution, and long-term engagement.

Pharos Network

Pharos is an inclusive financial Layer 1 for RealFi, where real value and institutional-level assets can circulate on-chain and achieve composability with decentralized assets, thereby becoming the next-generation financial-grade infrastructure for a global audience. Pharos drives the development of an "asset-native" ecosystem by combining modular architecture, deep parallel execution, and built-in compliance capabilities. The project is developed by management and engineering teams from Ant Group and is supported by Hack VC, Faction VC, and other global traditional finance (TradFi) investors.

Official website link: https://www.pharos.xyz/