**[Pharos Network Announces the Establishment of RealFi Alliance, Partnering with Nine Institutions to Promote On-Chain RWA Standardization]** According to Deep Tide TechFlow, on February 23, Pharos Network officially announced the establishment of the RealFi Alliance, a strategic ecosystem initiative aimed at uniting institutional asset issuers, financial infrastructure providers, and on-chain developers. The goal is to advance the real-world asset (RWA) market from fragmented pilot projects to a standardized and scalable on-chain execution framework. The first batch of members includes Chainlink, Asseto Finance, Ember, Faroo, LayerZero, R25, Re7 Labs, TopNod, and Centrifuge. The RealFi Alliance operates around four core pillars: asset enablement, infrastructure and compliance alignment, liquidity and application design, and market transparency and risk benchmarking. It aims to address systemic issues currently faced by on-chain finance, such as liquidity fragmentation, lack of standardized infrastructure, and regulatory barriers. Among these efforts, the collaboration between Ember and Re7 Labs will directly integrate institutional-grade risk management and treasury strategies into asset lifecycle management. Pharos Network co-founder and CEO Wish Wu stated that the core challenge facing on-chain finance today is not a lack of assets but the absence of a unified environment that allows assets to operate effectively in scalable scenarios. The RealFi Alliance was created to address this need. The establishment of the alliance will provide comprehensive liquidity and compliance foundations for the upcoming launch of the Pharos mainnet. In the future, the alliance will expand its membership in batches, with selection criteria for new members including asset quality, technological maturity, and ecosystem synergy. Pharos Network was founded by core team members of Ant Group and has received investment from institutions such as Hack VC and Faction VC.