Pharos Foundation Launches to Govern RealFi and Open Finance on Pharos Network

The Pharos Foundation, a newly established governance body, aims to support the RealFi and open finance ecosystem within the Pharos Network. Focused on transparency, responsible governance, and collaboration with traditional financial institutions, the Foundation outlines its strategic direction through core pillars including education and technological development. The Foundation is committed to creating a reliable RealFi ecosystem while ensuring compliance and transparency.

Key Takeaways

The Pharos Foundation operates as a governance body for the Pharos Network’s RealFi ecosystem.
Its main focus includes transparency, education, and technological development.
The Foundation does not endorse specific protocols or provide financial advice.
An initial transparency report will be released post mainnet launch, detailing fund management and governance structure.
Pharos Network aims to revolutionize global finance with a Layer 1 infrastructure supporting both institutional-grade and decentralized assets.

Pharos Foundation Launches to Govern RealFi and Open Finance Ecosystem on Pharos Network

The Foundation's Mission and Structure

The Pharos Foundation has been established as an impartial and Asia-led governance entity dedicated to fostering an ecosystem that prioritizes public-good infrastructure, transparent fund management, and dependable institutional collaboration across borders. This initiative reflects the growing global expectation for RealFi ecosystems to operate transparently and responsibly, while being mindful of regulatory frameworks.

The operations of the Foundation are built upon four key pillars: education, governance and transparency, technological advancement, and ecosystem support. These efforts will enhance research in open finance, bolster collaboration with traditional financial institutions, and provide developers with financial grants and technical training. Importantly, the Foundation adheres to strict protocols; it does not promote any specific protocol, offer financial advice, or comment on token valuations. Instead, it focuses on developing a robust, institution-ready RealFi ecosystem. The Foundation is dedicated to providing the necessary frameworks, documentation, and open procedures to support sustainable token governance and ecosystem development before and after the Token Generation Event (TGE).

Reporting and Governance

Following the mainnet launch, the Foundation will publish its first transparency report that will cover the management and application of the ecosystem fund. This report will include details about awarded grants, governance decisions, and fund deployment. Additionally, the initial “Foundation Charter” will be released, outlining the Foundation's mission, governance structure, operational scope, and commitment to responsibilities aimed at serving the public good.

Overseeing the Open Finance Ecosystem

As a non-profit entity, the Pharos Foundation is responsible for overseeing the RealFi and open finance ecosystem associated with the Pharos Network. Its objectives encompass supporting ecosystems, fostering technological cooperation, promoting open governance, and enhancing global awareness of RealFi and open finance.

Pharos Network: A New Era in Finance

Pharos Network is envisioned as the next-generation infrastructure for an inclusive financial system accessible to everyone. This Layer 1 network enables the on-chain movement of institutional-grade assets alongside decentralized assets, facilitating real-time financial transactions through deep-parallel execution, flexible design, and integrated compliance. Supported by Hack VC, Faction VC, and other global traditional finance investors, the project leverages the expertise of engineers and leaders from Ant Group. Since the launch of its first public testnet in May, which has now recorded over 3 billion transactions and maintains an average block time of 0.5 seconds, Pharos upgraded to the Atlantic Ocean testnet in October. The official coin and mainnet are anticipated to launch in the first quarter of 2026.