Centrifuge and Pharos have partnered to develop shared infrastructure for distributing institutional-grade tokenized assets such as U.S. Treasuries and AAA-rated credit products. The collaboration integrates Centrifuge's tokenization platform with Pharos's Layer 1 blockchain, targeting improved liquidity and distribution for on-chain institutional finance. Executives emphasize that the partnership focuses on solving infrastructure and usability challenges to ensure institutional assets remain active on-chain.