Pharos, founded by the former blockchain heads of Ant Financial and Alibaba, was recently listed on Coinbase, Upbit, and Bithumb after issuing its token. The project previously received investment from Yunfeng Financial, a fund associated with Jack Ma, and is considered an Alibaba-backed RWA venture in the crypto space. It’s one of the projects recently listed during Upbit Korea’s sudden wave of frequent token listings. Earlier, the project held events with BN and OKX but has not been listed for spot trading on either exchange.