The programmable open finance Layer-1 blockchain Pharos Network has announced the adoption of Chainlink CCIP as its cross-chain infrastructure and will utilize Chainlink Data Streams to provide sub-second low-latency market data, jointly creating a high-performance enterprise-grade tokenized RWA solution to promote the scalable development of institutional asset tokenization.

The programmable open finance Layer-1 blockchain Pharos Network announced that it will officially adopt the Chainlink standard from the day its independent network launches.

Pharos has chosen Chainlink CCIP as its standardized cross-chain infrastructure to achieve the industry's most secure and reliable cross-chain value transfer and messaging. Additionally, Pharos has adopted Chainlink Data Streams technology to support the creation of a high-performance RWA market and provide ultra-fast, more accurate price data. With the support of Chainlink's core tokenization infrastructure, the scale of Pharos's enterprise-grade tokenized RWA is expected to further expand.

Pharos was founded by leaders from the AntChain and Ant Financial blockchain teams, and its unique advantage lies in its ability to provide enterprise-grade solutions for institutions exploring green finance, digital payments, and new programmable ownership and asset tokenization. Pharos will enable institutional-grade RWA to reach individual investors widely, further promoting the adoption of RWA and bringing new users to DeFi.

To better empower the market and connect multi-chain ecosystems, Pharos requires highly accurate, low-latency on-chain market data, as well as infrastructure for securely transmitting information and value across different blockchain ecosystems, making Chainlink Data Streams and Chainlink CCIP key infrastructures for Pharos.

The adoption of Chainlink Data Streams to empower the tokenized RWA market will bring a series of advantages to the Pharos ecosystem:

• Sub-second price latency: Leveraging a proven oracle infrastructure, it provides a high-performance trading experience with sub-second data transmission, delivering an excellent user experience without sacrificing the core values of decentralization and transparency.
• High data accuracy: Data Streams provide reliable, low-latency, high-precision pricing data based on benchmark exchanges, enhancing user confidence and improving protocol performance.
• End-to-end customization: Chainlink Data Streams supports flexible pattern configuration through custom channel reporting, allowing teams to tailor the structure of market data reports according to specific protocol needs.
• Protection against front-running and exploit vulnerabilities: Low-latency updates and a "commit-and-reveal" architecture mitigate front-running issues through sub-second data transmission, protecting transaction privacy before execution.

By choosing CCIP as its official cross-chain infrastructure, Pharos will also gain a series of advantages:

• Deep defensive security: The consensus layer of CCIP is powered by Chainlink's decentralized oracle networks (DONs). Multiple DONs participate in verifying each CCIP transfer, with each DON secured by a group of high-quality oracle node operators.
• Secure token cross-chain transfer: CCIP simplifies cross-chain token transfers through the Cross-Chain Token (CCT) standard, enabling both new and existing tokens to have cross-chain transfer capabilities within minutes, without requiring vendor lock-in for token issuers.
• Future-oriented network effects: CCIP powers a growing interconnected blockchain network and supports permissionless access for new tokens.

Regarding the deep collaboration with Chainlink, Chainlink Labs Chief Business Officer Johann Eid stated:

Pharos's adoption of Chainlink CCIP as its cross-chain infrastructure and Chainlink Data Streams for low-latency market data is a significant step towards driving secure, high-performance cross-chain applications. By adopting Chainlink's interoperability standards, Pharos enables builders to launch tokenized real-world asset applications designed for institutional scale, powered by Chainlink infrastructure that has secured on-chain transaction values in the hundreds of trillions.

Pharos CEO and co-founder Wish Wu stated:

The Chainlink standard is the key tokenization infrastructure for Pharos. By adopting CCIP as our cross-chain standard and utilizing Data Streams for low-latency price data, we are enabling builders and institutions to launch tokenized asset solutions that meet enterprise-grade performance and security requirements from day one.

About Pharos Network

Pharos Network is a next-generation financial Layer 1 that connects real-world assets (RWA), traditional finance (TradFi), and cross-chain liquidity into a programmable network. Pharos provides ultra-fast execution and neutrality for real-world application scenarios, covering asset tokenization, high-throughput DeFi, and enterprise finance. The project is supported by leading global investment institutions such as Hack VC and Faction VC.

For more information, visit: www.pharosnetwork.xyz

About Chainlink

Chainlink is the industry-standard oracle platform designed to bring capital markets on-chain and power the vast majority of decentralized finance (DeFi). The Chainlink technology stack provides key standards for data, interoperability, compliance, and privacy, supporting advanced blockchain use cases such as institutional-grade tokenized assets, lending, payments, and stablecoins. Since the launch of its decentralized oracle network, Chainlink has enabled transaction values in the hundreds of trillions and currently secures the vast majority of DeFi.

Many top global financial services institutions have adopted Chainlink's standards and infrastructure, including Swift, Euroclear, Mastercard, Fidelity International, UBS, ANZ, as well as top protocols like Aave, GMX, and Lido. Chainlink employs a new fee model: on-chain and off-chain revenue from enterprise adoption will be converted into LINK tokens and deposited into a strategic Chainlink reserve.

For more information, visit: https://chain.link/

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