We’re excited to announce that Pharos, a Programmable Open Financial Layer 1, has adopted the Chainlink standard live from day one of mainnet launch. We selected Chainlink CCIP as our canonical cross-chain infrastructure as it enables the most secure and reliable cross-chain value transfer and messaging in the industry. In addition, we adopted Chainlink Data Streams to support the creation of high-performance RWA markets with ultra-fast and accurate price data. Underpinned by Chainlink’s essential tokenization infrastructure, Pharos is set to scale enterprise-grade tokenized RWAs. 

Pharos, which was founded by former AntChain and Ant Financial blockchain leaders, is uniquely positioned to deliver enterprise-grade solutions for institutions exploring green finance, digital payments, and new forms of programmable ownership and asset tokenization. Pharos will enable institutional-grade RWAsto be widely accessible to individual investors, driving RWA adoption, onboarding new users to DeFi, and more.

To power these markets and connect them to the multi-chain ecosystem, Pharos requires highly accurate, low-latency market data onchain and secure infrastructure for moving messages and value between ecosystems—making Chainlink Data Streams and Chainlink CCIP essential infrastructure for Pharos.

Adopting Data Streams provides the Pharos ecosystem with:

• Sub-second price latency: Deliver high-performance trading experiences with sub-second data delivery using battle-tested oracle infrastructure, enabling a highly performant user experience without compromising on the core values of decentralization and transparency. 
• High data accuracy: Data Streams provide reliable low-latency pricing data with high accuracy to benchmark exchanges, bolstering user confidence and protocol performance.
• End-to-end customization: Chainlink Data Streams supports flexible schema configurations through custom channel reports, allowing teams to tailor the structure of their market data reports to meet specific protocol needs.
• Frontrunning and exploitation protection: Low-latency updates and a “commit-and-reveal” architecture mitigate frontrunning via sub-second data delivery, preserving transaction privacy prior to execution. 

By selecting CCIP as our canonical cross-chain infrastructure, we leverage:

• Defense-in-depth security—CCIP’s consensus layer is powered by Chainlink Decentralized Oracle Networks (DONs). Multiple DONs, each secured by a collection of high-quality oracle node operators, validate each CCIP transfer.
• Secure token transfers—CCIP simplifies cross-chain token transfers through the Cross-Chain Token (CCT) standard, which enables new and existing tokens to become instantly cross-chain transferable in minutes, all without imposing vendor lock-in on token issuers. 
• Future-proofed network effects—CCIP powers a growing number of interconnected blockchains, and enables permissionless onboarding of new tokens. 

“Pharos adopting Chainlink CCIP as its canonical cross-chain infrastructure and Chainlink Data Streams for low-latency market data marks a major step forward in powering secure, high-performance, cross-chain applications. By adopting the Chainlink interoperability standard, Pharos enables builders to launch institutionally scalable applications for tokenized real-world assets, powered by the same secure Chainlink infrastructure that has already enabled tens of trillions in onchain transaction value.”—Johann Eid, Chief Business Officer at Chainlink Labs

“The Chainlink standard is essential tokenization infrastructure for Pharos. By adopting CCIP as our canonical cross-chain standard and adopting Data Streams for low-latency price data, we’re enabling builders and institutions to launch tokenized asset solutions that meet enterprise performance and security requirements from day one.”—Wish Wu, CEO and Co-founder at Pharos

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About Pharos

Pharos Network is a next-generation financial Layer 1 connecting real-world assets, TradFi, and cross-chain liquidity into a single programmable network. Pharos delivers ultra-fast execution and neutrality for real-world applications, from asset tokenization and high-throughput DeFi to enterprise-grade finance. The project is backed by Hack VC, Faction VC, and other leading global investors.

Learn more at www.pharosnetwork.xyz

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About Chainlink

Chainlink is the industry-standard oracle platform bringing the capital markets onchain and powering the majority of decentralized finance (DeFi). The Chainlink stack provides the essential data, interoperability, compliance, and privacy standards needed to power advanced blockchain use cases for institutional tokenized assets, lending, payments, stablecoins, and more. Since inventing decentralized oracle networks, Chainlink has enabled tens of trillions in transaction value and now secures the vast majority of DeFi.

Many of the world’s largest financial services institutions have also adopted Chainlink’s standards and infrastructure, including Swift, Euroclear, Mastercard, Fidelity International, UBS, ANZ, and top protocols such as Aave, GMX, Lido, and many others. Chainlink leverages a novel fee model where offchain and onchain revenue from enterprise adoption is converted to LINK tokens and stored in a strategic Chainlink Reserve. Learn more at chain.link.