No project in crypto has actually gotten any meaningful institutional adoption but that’s about to change
One project that’s built and partnered with @antchain (Who’s parent company is Ant Financial, @AlibabaGroup 's payment arm which did $16T USD vol last year) is working on a blockchain specifically tailored for enterprise DeFi applications and has already gotten $300M worth of assets committed.
Here’s why you should pay attention to @pharos_network 
Why @pharos_network ?
◆ Purpose built for compliance with ZK powered KYC/AML features
◆ Institutional partnerships from Day 1 with Ant Financial
◆ Technical superiority → 50,000 TPS (outpacing @monad and @megaeth_labs ) with enough capacity for billions of users
Unlike most projects with zero actual traction or use case in crypto, @pharos_network delivers 60-90 day settlement delays and 3-5% FX fees with instant settlement which is very attractive to financial institutions and asset originators in TradFi. Pharos adds on to this by taking care of the entire RWAfi stack from:
◆ Offchain → Off and on ramping, credit rating and licensing
◆ On-chain Infra → Indexers, KYC and AML tech
◆ Projects → DN stablecoins, RWA issuance
@pharos_network team consists of TradFi veterans and growth leaders in top projects across crypto:
◆ Alex Zhang (CEO & Cofounder) → former CTO of Ant Group’s blockchain division
◆ Wishlonger (CTO & Cofounder) → Ex-Chief Security Officer for Web3 at Ant Group
◆ Laura (CMO) → Led marketing for Solana’s Saga mobile phone
◆Matthew (CCO) → Former ecosystem growth leader at Ripple and Stellar
◆Sally (COO) ->Former OKX executive
The team projects an ambitious roadmap towards $100B in total assets by 2027 starting with up to $300m in renewable assets committed and growing their institutional base of partners.
They have already closed an $8m funding round from top VCs even in the web2 space like:
- @lightspeedvp
- @hack_vc
- @snzholding and more
You can get involved in @pharos_network by joining their community on discord or if you’re a builder, apply for an ecosystem grant to build on @pharos_network and tap on hundreds of millions of liquidity and existing institutional partners
