Pharos Network unveils $10 million program for DeFi and real-world assets
Pharos Network launched the $10 million "Native to Pharos" initiative to support early-stage teams building RWA and DeFi products.Summary
Layer 1 blockchain Pharos Network has announced "Native to Pharos," a $10 million program aimed at supporting early-stage teams developing on-chain financial products at the nexus of real-world assets (RWA), Decentralized Finance (DeFi), and blockchain infrastructure. Backed by partners including Hack VC, Draper Dragon, Lightspeed Faction, and Centrifuge, the initiative specifically targets builders creating decentralized exchanges, RWA-integrated yield infrastructure, and prediction markets, prioritizing high-performance execution and compliance-aware design. Co-founder and CEO Wish Wu stated the goal is to empower builders to develop a thriving RealFi ecosystem. The Pharos Incubator will provide comprehensive support, including mentorship, technical resources, market entry assistance, fundraising advice, and access to legal and financial expertise, with the first cohort starting in Hong Kong via hackathons.
(Source：Crypto Briefing)