Key Notes
- Pharos has integrated Fireblocks so institutional clients can hold and manage supported assets through their existing custody workflows.
- The integration includes tokenized US high-yield credit, while Pharos reports more than $241.64 million in assets across its RWA platform.
- Institutions can use configured transaction policies, approved contract lists and multiple approvals to control supported Pharos transactions.
Pharos Network has integrated Fireblocks to let funds, asset managers, payment providers and exchanges hold and manage supported tokenized assets through the custody infrastructure they already use.
The integration includes access to tokenized U.S. high-yield credit and brings Pharos assets into Fireblocks clients’ existing approval workflows and transaction controls. Pharos announced the arrangement in a November 10 release shared with MarketSpeaker.
Pharos said assets aggregated across its real-world asset platform exceeded $241.64 million as of the announcement. That existing asset base gives institutional clients a starting range of products to access through the new connection.
Credit Products Come Into Scope
Supported products include the Raffaello NYLIM HYB Vault, known as pRNH, and the NYLIM Anemoy fund, alongside Axil Prime Credit issued on R25 Protocol. The pRNH vault provides exposure to U.S. high-yield corporate credit.
Support also covers PROS, Pharos’s native coin. Institutions can hold, transfer and manage eligible assets within their Fireblocks workspaces, keeping custody operations alongside the rest of their digital asset activity.
Institutions Keep Their Transaction Controls
Fireblocks is providing custody technology, including multi-party computation for private-key management. Institutions can configure approved smart-contract lists and require multiple approvals before a transaction proceeds, according to the release.
Fireblocks’s policy engine supports approval rules based on factors such as the wallet, destination, asset and transaction amount. Security and treasury teams can apply those rules to Pharos transactions without setting up separate key-management infrastructure.
“Institutions do not adopt new networks by rebuilding their stack. They adopt them through the infrastructure they already run,” Pharos co-founder and CEO Wish Wu said.
A New Distribution Channel for Issuers
For issuers and credit protocols on Pharos, the connection offers a route into institutions already using Fireblocks. Product access and day-to-day transaction management can take place within a familiar custody environment.
The companies also plan joint market-development work, including industry events and introductions to institutional audiences. Alongside the technical integration, those efforts are intended to help issuers bring supported assets to potential investors.
Pharos’s asset marketplace already lists credit, lending and other real-world asset strategies. Issuers seeking institutional buyers now have a custody connection to offer alongside the underlying investment product.
