Layer 1 blockchain Pharos Network unveiled “Native to Pharos,” a $10 million initiative designed to support startup teams in building on-chain financial products, according to a Tuesday announcement.
The program, supported by partners including Hack VC, Draper Dragon, Lightspeed Faction and Centrifuge, targets builders working on decentralized exchanges, RWA-integrated yield infrastructure and prediction markets, with a focus on high-performance execution and compliance-conscious design.
Through this initiative, Pharos is focused on empowering builders while striving to develop a thriving RealFi ecosystem, co-founder and CEO Wish Wu said in a statement.
The Pharos Incubator aims to provide end-to-end support, including mentoring, technical resources, market entry assistance, fundraising advice and access to legal and financial expertise.
“The Pharos Incubator is designed as a full-spectrum partnership, providing mentorship, technical resources, go-to-market assistance, fundraising guidance, and access to financial and legal expertise,” Wu said. “Our goal is to help teams succeed while fostering collaboration within the broader Pharos community.” »
The first cohort will begin in Hong Kong through hackathons and ecosystem events.
