Pharos Integrates Chainlink CCIP to Power RWA Markets
Pharos, a programmable open monetary Layer 1, has formally built-in the Chainlink normal from the primary day of its mainnet launch.
The challenge chosen Chainlink’s Cross-Chain Interoperability Protocol (CCIP) as its canonical cross-chain infrastructure, guaranteeing safe and dependable cross-chain worth switch and messaging.
Pharos has additionally adopted Chainlink Knowledge Streams to assist the event of high-performance real-world asset (RWA) markets with quick and correct value information. Constructed on Chainlink’s tokenization infrastructure, Pharos is positioned to scale enterprise-grade tokenized RWAs for world adoption.
Pharos goals to ship superior enterprise options for establishments targeted on inexperienced finance, digital funds, and programmable asset possession. The platform seeks to make institutional-grade RWAs accessible to particular person traders, thereby accelerating RWA adoption, increasing entry to DeFi, and onboarding new contributors to the ecosystem.
To energy these markets and join them to the broader multi-chain panorama, Pharos depends upon exact, low-latency on-chain market information and safe infrastructure for worth and message transfers, making Chainlink Knowledge Streams and Chainlink CCIP vital parts of its structure.
“Pharos adopting Chainlink CCIP as its canonical cross-chain infrastructure and Chainlink Knowledge Streams for low-latency market information marks a serious step ahead in powering safe, high-performance, cross-chain purposes. By adopting the Chainlink interoperability normal, Pharos allows builders to launch institutionally scalable purposes for tokenized real-world property, powered by the identical safe Chainlink infrastructure that has already enabled tens of trillions in onchain transaction worth,”— stated Johann Eid, Chief Enterprise Officer at Chainlink Labs
By leveraging CCIP as its cross-chain basis, Pharos advantages from a number of layers of defense-in-depth safety offered by Chainlink’s Decentralized Oracle Networks (DONs). These networks encompass high-quality oracle node operators that independently validate every cross-chain transaction.
The combination of CCIP additionally allows safe and simplified token transfers by means of the Cross-Chain Token (CCT) normal, permitting tokens to develop into immediately transferable throughout chains with out vendor lock-in.
