Pharos Network backs Faroo at $10M valuation, launches RWA hybrid vault

Pharos Network, a Layer 1 blockchain dedicated to real-world finance and AI, today announced Faroo as the inaugural project incubated through its Pharos Incubation Program.

As the flagship beneficiary of the $10 million incubator, Faroo will receive comprehensive investment and resource support from Pharos at a confirmed valuation of $10 million.

In conjunction with the announcement, Faroo is launching its innovative RWA Hybrid Vault, a product designed to expand yield opportunities for $PROS holders by combining native staking rewards with real-world asset returns.

A strategic investment on the future of RWA-DeFi convergence

Pharos launched its $10 million incubator program in February 2026 with a clear mandate: to bridge real-world assets with on-chain finance and empower early-stage teams building at the intersection of RWA and DeFi.

Participating teams receive end-to-end support spanning technical guidance, product launch assistance, and access to Pharos’ global investor network.

While RWA has emerged as a dominant narrative in the crypto industry this year, much of the market remains stuck in what Pharos describes as the “static tokenization” phase — assets that lack composability and cannot function effectively as collateral within the broader DeFi ecosystem.

Faroo was selected as the program’s first project on the strength of its technical foundation in liquid staking infrastructure and its strategic alignment with the Pharos ecosystem.

With this investment, Faroo joins the Pharos RealFi Alliance, taking on a central role in the ecosystem’s liquidity infrastructure.

Built by Bifrost veterans, powered by hybrid yield

The Faroo team has deep expertise in cross-chain staking infrastructure, and its technical solution is built upon Bifrost’s SLPx module, delivering Layer 1-grade security alongside native cross-chain interoperability.

At the core of the project is its proprietary “Hybrid Yield” mechanism, which combines on-chain staking rewards with returns generated from real-world assets, providing users with diversified yield exposure.

Anchored in the Pharos ecosystem

Pharos Network is a financial-grade, asset-native Layer 1 designed to bring an estimated $50 trillion in real-world assets, traditional finance, and cross-chain capital into a modular on-chain economy.

The network launched its Pacific Ocean mainnet and the $PROS coin in April 2026, and has raised a cumulative $52 million in funding to date.

Faroo is built deeply into this ecosystem, leveraging Pharos’ native coin economy, the RealFi Alliance’s RWA asset pipelines, and the network’s robust compliance framework.

The result is a protocol that successfully bridges decentralized technology with regulatory compliance.

Expanding utility for $PROS holders

The launch of the Faroo RWA Hybrid Vault marks a meaningful expansion in utility and yield opportunities for $PROS stakers.

Users can lock their staked $PROS into the vault to earn incentives tied to the market performance of specific enterprise partners.

With this launch, $PROS holders are no longer limited to a single source of staking yield through Faroo, they can simultaneously capture on-chain staking rewards and returns generated by RWA projects.

“Faroo proves that real-world assets and on-chain staking can be deeply integrated at the same protocol layer,” said Wish Wu, Co-founder and CEO of Pharos. “This significantly expands the utility of $PROS and provides reusable liquidity infrastructure for the entire RealFi ecosystem.”

A blueprint for what comes next

As the first project to graduate from the Pharos Incubator, Faroo’s launch showcases the full breadth of Pharos’ capabilities from foundational blockchain infrastructure to a thriving application ecosystem.

Beyond capital, the incubator provides portfolio teams with access to Pharos’ institutional-grade infrastructure, RealFi Alliance partners, and global compliance and finance network, supporting projects through every stage from R&D to go-to-market.

The Pharos Incubator remains open to developers and RealFi innovators worldwide.

Using Faroo as a benchmark, the program aims to accelerate the development of next-generation real-yield asset infrastructure and bring compliant, scalable, and programmable on-chain finance into the mainstream.

About Pharos Network

Pharos is a financial and AI Layer 1 built for RealFi. It delivers the compliant infrastructure needed for institutional assets and internet-scale capital markets.

Designed to coordinate real-world financial activity onchain, Pharos combines deep-parallel execution (SALI engine), modular SPNs, and protocol-level compliance infrastructure, integrating ZK-KYC / AML mechanisms, AsyncBFT consensus, native AI agent support (X402 protocol), and dualVM (EVM + WASM compatibility), to support RWAs, stablecoins, cross-border settlement, onchain yield markets, and agent-mediated commerce at internet scale.

The network is supported by strategic partners across the global financial stack, including Circle, Chainlink, Anchorage Digital, Morpho, and Centrifuge, connecting regulated capital markets with onchain liquidity venues where real-world assets can be actively deployed into real-yield-generating strategies.

Built by former Ant Group leadership and engineers, backed by leading global investors across TradFi and crypto, including Sumitomo Corporation, Flow Traders, SNZ, Hack VC, and Faction VC, Pharos is developing the infrastructure layer for the next era of programmable finance and the agentic economy.