Centrifuge partners with Pharos to bolster on-chain infrastructure

Real-world asset (RWA) protocol Centrifuge (CFG) has partnered with Layer 1 public chain Pharos, according to U.S. investment media outlet Benzinga. The two plan to build a joint infrastructure framework for operating institutional assets—such as tokenized U.S. Treasurys (JTRSY) and AAA-rated structured credit products (JAAA)—on-chain at scale. Centrifuge Labs CEO Bhaji Illuminati stated that tokenization alone cannot solve issues of accessibility and usability, adding that the company is focused on building the distribution and infrastructure layers needed for institutional assets to function in a live on-chain financial environment.