Centrifuge and Pharos Partner to Advance Onchain Distribution Infrastructure for Institutional Assets

Centrifuge and Pharos today announced a partnership focused on enabling institutional-grade assets, including tokenized U.S. Treasuries (JTRSY) and AAA-rated structured credit products (JAAA), to be distributed and operated onchain at scale through a shared infrastructure framework.

The collaboration centers on solving one of the key challenges in institutional onchain finance: distribution. While tokenization has made significant progress, many institutional assets remain difficult to access, fragmented across platforms, or passive once issued. This partnership focuses on enabling institutional assets to move beyond issuance and remain usable within live onchain financial systems.

Across many markets outside the U.S. and Western Europe, access to U.S. dollar–denominated credit and treasury products continues to face regulatory, onboarding, custody, and operational constraints. Even when these products are tokenized, distribution is often indirect and fragmented, limiting their ability to reach new participants or be actively deployed once onchain.

By combining Centrifuge’s institutional-grade tokenization infrastructure and asset standards with Pharos’ inclusive, execution-first Layer 1, the partnership addresses these challenges at the system level. Pharos serves as a strategic liquidity and distribution layer for assets issued through Centrifuge, providing the high-performance infrastructure and ecosystem connectivity needed to facilitate broader capital entry and deeper onchain liquidity pathway. This integrated environment spans wallet access, platform and enterprise channels, and execution capacity, allowing assets to be accessed, pooled, allocated, and reused rather than remaining static after issuance.

“Tokenization alone does not solve the access and usability problem,” said Bhaji Illuminati, CEO of Centrifuge Labs. “This partnership focuses on building the distribution and infrastructure layer that allows institutional assets to function within real onchain financial environments.”

Pharos is designed as an inclusive financial Layer 1, built to support high-throughput, real-world financial workflows through native deep-parallel execution and modular architecture. The network is designed to host large-scale institutional asset activity and enable continuous onchain operation.

“The challenge isn’t demand, it’s infrastructure,” said Wish Wu, CEO of Pharos. “This collaboration focuses on creating an environment where institutional assets can move onchain and remain active within open, composable financial systems.”

This partnership represents an early step toward operational onchain finance, where institutional assets are not only represented onchain, but are supported by infrastructure designed for distribution, execution, and long-term participation.

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