Pharos officially launches mainnet, PROS token

Pharos, a Layer 1 blockchain focused on finance, announced today the official launch of its Pacific Ocean Mainnet and native token, PROS. The project aims to expand the distribution network for tokenized real-world assets (RWA) and address liquidity fragmentation. Pharos has previously raised a cumulative $52 million from traditional institutions and major Web3 investment firms. Wish Wu, CEO of the Pharos Foundation, stated that the mainnet launch transforms institutional participation in the RWA ecosystem from a theoretical possibility into a tangible reality. He added that he hopes this momentum will energize the entire ecosystem.