The Pharos Foundation, a non-profit organization dedicated to the RealFi and open finance ecosystem, has launched its governance engine. This initiative aims to provide resources for developers building in the RWA space while promoting the Pharos Network’s open financial layer. Founded by former Ant Group engineers, the foundation is already attracting venture capital investment. 💰
The foundation will allocate funding to support projects on the Pharos Network, which provides accessible real-world assets and institutional-grade assets through its layer-1 blockchain. It emphasizes a community-driven governance model focused on decentralization and compliance.
To facilitate smooth integration and knowledge sharing, Pharos Foundation plans educational initiatives, including boot camps and industry resources. It will also collaborate with traditional financial institutions to foster greater understanding of open finance research and technology.
Pharos Foundation is committed to transparency by outlining its ecosystem fund management plan in a first transparency report after the mainnet launch. This report will detail grant allocations, governance decisions, and fund deployments. 📊
The foundation’s commitment to decentralization is evident in its structure. It also emphasizes transparency by detailing the process for token governance and ecosystem development before and after the token generation event (TGE). The foundation will provide frameworks, documentation, and transparent processes necessary for sustainable token governance and sustainable ecosystem development.
Pharos Network’s second testnet, AtlanticOcean, went live on October 21, 2025. This network enables institutions, builders, and partners to test real-world asset flows across borders. The testnet is being used with partners like Morpho Labs, Bitverse, Euclid, OKX Wallet, Bitget Wallet, Hemera Explorer, and Goldsky.
The second testnet builds on the foundation’s earlier successes. It offers improved tokenomics (PoS model), user-friendly staking, and enhanced developer tools for more complex testing scenarios. The new testnet is deployed in phases, with the first testnet continuing alongside AtlanticOcean to ensure a smooth transition for partners.
This launch signifies Pharos Network’s dedication to creating a secure and reliable platform for RealFi development and building an inclusive financial ecosystem.