New Group Steps Up to Boost RealFi and Open Finance on Pharos Network

A new player has entered the scene to support the growth of RealFi and open finance on the Pharos Network. The Pharos Foundation, a non-profit organization, has officially launched to oversee this ecosystem. This move is a big deal for Pharos Network, as it gears up for its Token Generation Event (TGE) and Mainnet Launch in early 2026. The Foundation aims to provide a solid structure for long-term development, focusing on transparency and governance. The Pharos Foundation is not just any organization. It's Asia-led, compliance-ready, and neutral in its governance. This setup ensures that the ecosystem remains focused on public good, transparent fund management, and strong cross-border collaboration. The Foundation's work is guided by four main pillars: supporting the ecosystem, developing technology, ensuring governance and transparency, and promoting education. It's all about building a trustworthy space for RealFi, not just hype. The Foundation has clear rules. It won't give investment advice, comment on token prices, or favor any single protocol. Instead, it will provide the frameworks and processes needed for sustainable token governance and ecosystem development. This approach is crucial for building trust and ensuring long-term success. Wish Wu, Co-Founder & CEO at Pharos Network, highlighted the importance of the Foundation. He emphasized the need for a neutral entity to ensure transparency and integrity in the ecosystem. The Foundation aims to create a collaborative environment that benefits everyone, from developers to traditional financial institutions. Details about the management and use of the ecosystem fund will be shared in the first transparency report after the mainnet launch. This report will cover grants issued, governance decisions, and fund deployment. Additionally, an inaugural “Foundation Charter” will outline the Foundation's mandate, governance model, operating limits, and commitment to public-good responsibilities. Pharos Network itself is an inclusive financial Layer 1 platform. It allows real value and institutional-grade assets to circulate onchain and be composable with decentralized assets. This makes it a new infrastructure for global finance. Pharos combines modular architecture, deep-parallel execution, and built-in compliance to power real-time finance onchain. The project is backed by notable investors and has already launched its first public Testnet, gaining significant traction.