Hassan Maishera
Pharos, a Programmable Open Financial Layer 1, announced on Monday, October 27th, that it has adopted the Chainlink standard live from day one of mainnet launch. In its blog post, Pharos explained that it selected Chainlink CCIP as its canonical cross-chain infrastructure as it enables the most secure and reliable cross-chain value transfer and messaging in the industry.
Furthermore, Pharos adopted Chainlink Data Streams to support the creation of high-performance RWA markets with ultra-fast and accurate price data. Underpinned by Chainlink’s essential tokenization infrastructure, Pharos is set to scale enterprise-grade tokenized RWAs.
Chainlink Features to Help Pharos Scale Enterprise-grade Tokenized RWAs
Pharos explained that the integration of Chainlink features will help it scale enterprise-grade tokenized RWAs.
This project was founded by former AntChain and Ant Financial blockchain leaders and is set to deliver enterprise-grade solutions for institutions exploring green finance, digital payments, and new forms of programmable ownership and asset tokenization.
Pharos added that it will enable institutional-grade RWAs to be widely accessible to individual investors, driving RWA adoption, onboarding new users to DeFi, and more.
The adoption oc Chainlink Data Streams provides the Pharos ecosystem with sub-second price latency, high data accuracy, end-to-end customization, and frontrunning and exploitation protection.
Meanwhile, CCIP will provide Pharos with in-depth security, secure token transfers, and future-proofed network effects.
While commenting on the integration, Johann Eid, Chief Business Officer at Chainlink Labs, said,
“Pharos adopting Chainlink CCIP as its canonical cross-chain infrastructure and Chainlink Data Streams for low-latency market data marks a major step forward in powering secure, high-performance, cross-chain applications. By adopting the Chainlink interoperability standard, Pharos enables builders to launch institutionally scalable applications for tokenized real-world assets, powered by the same secure Chainlink infrastructure that has already enabled tens of trillions in onchain transaction value.”
Wish Wu, CEO and Co-founder at Pharos, added that,
“The Chainlink standard is essential tokenization infrastructure for Pharos. By adopting CCIP as our canonical cross-chain standard and adopting Data Streams for low-latency price data, we’re enabling builders and institutions to launch tokenized asset solutions that meet enterprise performance and security requirements from day one.”
Pharos is a next-generation financial Layer 1 connecting real-world assets, TradFi, and cross-chain liquidity into a single programmable network. Meanwhile, Chainlink is the industry-standard oracle platform bringing the capital markets onchain and powering the majority of decentralized finance (DeFi).
