Pharos Brings Three Tokenized Credit Products to Fireblocks

Pharos Network announced Tuesday, Nov. 10, that three tokenized U.S. high-yield credit products are accessible through Fireblocks, giving institutions a way to manage them with custody and transaction tools already in place.

The supported lineup includes the Raffaello NYLIM HYB Vault (pRNH), the NYLIM Anemoy fund and Axil Prime Credit (APC), a credit strategy issued on R25 Protocol. Fireblocks also supports PROS, Pharos' native coin. Pharos' real-world asset (RWA) platform has more than $241.64 million in aggregated assets.

Funds, asset managers, payment service providers and exchanges using Fireblocks can hold, transfer and manage the supported assets in their existing workspaces. They can apply their own permissions to supported transactions on Pharos.

Fireblocks provides private-key management based on multi-party computation (MPC), alongside transaction rules that institutions can configure. Available controls include whitelisting for smart contracts and approvals involving multiple parties.

The integration gives issuers a route to Fireblocks institutions that previously lacked access to assets on the Pharos network. A prior Centrifuge deployment of tokenized fixed-income funds on Circle's Arc network included a high-yield strategy associated with New York Life Investment Management.

“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.

The companies plan joint appearances at industry events and targeted introductions between Pharos issuers and institutional audiences.