Pharos Bets on ‘RealFi’ for Mainnet Launch and Why Its CEO Thinks RWAs Need a New Kind of Blockchain
Summary
Pharos is launching a new Layer 1 blockchain platform designed specifically to bridge the gap between institutional finance and onchain assets. By focusing on "RealFi," CEO Wish Wu aims to solve issues like fragmented distribution and compliance hurdles that currently limit RWA adoption on general-purpose blockchains. The platform enters the market with over 50 applications and significant early capital interest, positioning itself as a specialized financial system rather than just high-speed infrastructure.
(Source:BeInCrypto)