Centrifuge and Pharos have announced a partnership to advance the on-chain distribution and operation of institutional-grade assets, including tokenized U.S. Treasuries and AAA-rated structured credit products. This collaboration aims to integrate Centrifuge's tokenization infrastructure with Pharos's Layer 1 technology to create a robust framework for liquidity and distribution. Bhaji Illuminati, CEO of Centrifuge Labs, emphasized the need for comprehensive distribution and infrastructure layers beyond tokenization. Wish Wu, CEO of Pharos, highlighted the focus on building infrastructure to support active on-chain institutional assets. Pharos, a financial Layer 1 platform for RealFi, is backed by investors such as Hack VC and Faction VC.