Ant Group indirectly launches new public chain and enters the RWA track

Author: Yue Xiaoyu

The former CEO of Ant Chain started a new public chain Pharos, and also brought in a group of technical development teams from Ant Group.

It is precisely with this team background that Pharos has established an exclusive partnership with Ant Group, with the main positioning being RWA, bringing physical assets onto the chain.

The relationship between Pharos and Ant is similar to the relationship between Sui/Aptos and Meta.

Since domestic companies cannot build public chains, the technical team will be independent and build a public chain on their own.

Although it is not a public chain built by Ant itself in name, it is actually closely related to Ant and can be called a "direct lineage" project.

Let's take a closer look at this new public chain of "China Power".

1. China's power breaks out of the policy dilemma

Alliance chains are very limited, and public chains are the future. It is an inevitable choice for domestic blockchain companies to move from alliance chains to public chains.

The public chain has long been regarded as a red line due to its decentralized nature and potential regulatory risks. Domestic companies can only make alliance chains that are more controllable.

In the field of alliance chain, the big brother in China is Ant Group, whose Ant Chain has accumulated rich experience in supply chain finance, digital asset rights confirmation and other scenarios.

However, the limitations of alliance chain are becoming more and more obvious: the closed ecosystem, high collaboration costs and the inability to connect with the global open source community make it difficult for it to carry greater technological ambitions.

The birth of Pharos is a breakthrough in this dilemma.

The former CEO of Ant Chain led the core team to become independent and build a completely decentralized public chain, which not only avoided the policy risks of domestic enterprises directly involved in the public chain, but also retained the technical genes of Ant.

This "curve-saving" strategy is exactly the same as the path of Sui and Aptos' independence from Meta: the technical team separated from the parent body and participated in the global public chain competition as an independent entity.

This model not only provides China's blockchain industry with an opportunity to unleash its potential, but also opens a window for domestic technical forces to participate in the Web3 wave.

Therefore, the signal released by Pharos is worthy of our attention.

2. New public chain with Ant genes

Pharos is not starting from scratch, but a continuation of Ant’s blockchain technology accumulation.

During Ant’s seven years of deep cultivation, its team has laid a solid foundation in high-performance blockchain design, distributed system optimization and enterprise-level application implementation.

Pharos inherited this technical heritage and launched the fastest EVM-compatible Layer-1 public chain, achieving amazing performance of 50K TPS and 2 gGas/second.

This indicator not only surpasses Ethereum, but is also the top in the EVM ecosystem.

At the same time, Pharos chose the EVM-compatible route, which shows that it fully considers the continuity of the ecosystem.

This not only lowers the threshold for Ethereum developers to migrate, but also facilitates the rapid access of global projects.

In the transition from consortium chain to public chain, Pharos did not abandon Ant's technological advantages, but upgraded it to a global open source network.

Just imagine, when the high-performance technology accumulated by Ant in the consortium chain is combined with the openness of the public chain, what kind of product will be built?

The narrative space in this is very worth imagining.

3. Focus on the RWA track

Pharos' strategic positioning focuses on physical assets (RWA), which is both an accurate grasp of global trends and a continuation of Ant's existing advantages.

As an emerging track of Web3, RWA's main goal is to digitize and release liquidity of real-world assets, such as real estate, supply chain debt, and artworks through blockchain.

Ant Group has been in this field for many years, and its supply chain financial solutions and asset digitization technologies have a good reputation in the industry.

Pharos' exclusive partnership with Ant directly grafts this accumulation into the public chain ecosystem, providing very good conditions for the large-scale implementation of RWA.

Pharos can not only quickly enter the RWA market with the help of Ant's resources, but also complement Ant in technology and jointly explore diversified scenarios from supply chain finance to real-time payment.

More importantly, Pharos does not limit its vision to Ant, but takes it as a starting point and plans to expand to global institutions and enterprises.

Pharos is using RWA to leverage the next round of growth engine of blockchain.

4. Future challenges

Pharos has had a strong start.

Since its establishment, it has quickly completed an $8 million seed round of financing, and launched a developer network, a global hackathon, and a $20 million ecological funding plan in early 2025, demonstrating efficient execution.

The cooperation with Ant provides a short-term landing guarantee, especially in the RWA field, where dozens of projects have expressed their intention to join.

However, we have to admit that the competition in the public chain ecosystem has become fierce.

BNB, Polygon and other pioneers have taken the lead in the market, and Pharos needs to find more differentiated advantages beyond performance.

On the other hand, the implementation of RWA involves a complex regulatory environment and the acceptance of traditional institutions, which requires time and patient promotion of cross-border collaboration.

5. To sum up

The birth of Pharos is the product of Ant Group's ambition.

It is also a new exploration made with the help of the RWA wave.

From the relaxation of Hong Kong policies to the entry of traditional Internet giants such as Ant, we can see that the overall environment is undergoing some changes. Pharos is a new force for the global Web3 ecosystem. Let's see what new things this new force will bring about.