Ant Chain "Overseas Upgraded Version"? An article explains the strategic ambitions of the new domestic public chain Pharos

Reprinted from panewslab
03/21/2025·2MDomestic Internet giants finally couldn't bear it anymore, and Ant Group officially launched a new public chain and entered the RWA track!
The former CEO of Ant Chain came out to start a business and started a new public chain Pharos, and also brought in a group of Ant-based technical development teams.
It is precisely because of this team background that Pharos has established an exclusive partnership with Ant Group, mainly positioning it as RWA, introducing physical assets into the chain.
The relationship between Pharos and ants is similar to that between Sui/Aptos and Meta.
Since domestic companies cannot build public chains, the technical team will independently build a public chain.
Although it is not a public chain made by Ant itself, it is actually closely related to Ant and can be called a "direct" project.
Let’s take a look at this new public chain of “China’s Power” in detail.
@pharos_network @0xJayZ @laurashen @wilguish
1. Breakthrough under the dilemma of China's power policy
Alliance chains are very limited, and public chains are the future. From alliance chains to public chains is an inevitable choice for domestic blockchain companies.
Due to its decentralized characteristics and potential regulatory risks, public chains have long been regarded as red lines, and domestic companies can only build alliance chains with more controllable nature.
In the field of alliance chains, 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 the alliance chain are becoming increasingly obvious: the closed ecosystem, high collaboration costs, and the shortcomings that cannot align with the global open source community make it difficult for them to bear greater technological ambitions.
The birth of Pharos is a breakthrough in this dilemma.
The former CEO of Ant Chain led the core team to stand out and build a completely decentralized public chain, which not only avoids the policy risks of domestic companies directly involved in public chains, but also retains Ant's technical genes.
This "curve-curve country" strategy is exactly the same as Sui and Aptos' independent path from Meta: the technical team breaks away from the parent body and participates in global public chain competition as an independent identity.
This model not only provides China's blockchain industry with the opportunity to unleash its potential, but also opens a window for domestic technological forces to participate in the Web3 wave.
Therefore, the signal released by Pharos is worthy of our attention.
2. New public chain with ant gene
Pharos does not start from scratch, but a continuation of the accumulation of Ant blockchain technology.
During Ant's seven years of hard work, its team has laid a solid foundation in high-performance blockchain design, distributed system optimization and enterprise-level application implementation.
Pharos inherits this technical background and launches 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 even top in the EVM ecosystem.
At the same time, Pharos chose an EVM-compatible route, which shows that it fully considers ecological continuity.
This not only lowers the threshold for Ethereum developers to migrate, but also provides convenience for fast access to global projects.
From the transformation from alliance chain to public chain, Pharos has not abandoned Ant's technological advantages, but has upgraded it to a global open source network.
Just imagine what kind of products will be built when Ant accumulates high-performance technology in the alliance chain and the openness of the public chain?
The narrative space in this is very imaginable.
3. Focus on the RWA track
Pharos' strategic positioning focuses on physical assets (RWA), which is not only an accurate grasp of global trends, but also a continuation of Ant's existing advantages.
As the emerging track of Web3, RWA's main goal is to digitize and release real-world assets, such as real estate, supply chain debt, artwork, etc. through blockchain.
Ant Group has been in this field for many years, and its supply chain financial solutions and asset digitalization technology have a good reputation in the industry.
The exclusive cooperative relationship between Pharos and 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 payments.
More importantly, Pharos does not limit his vision to Ants, but instead plans to expand to institutions and enterprises around the world.
Pharos is using RWA to leverage the next growth engine of blockchain.
4. Future Challenges
Pharos had a strong start.
Since its establishment, it has quickly completed a seed round of $8 million, and launched a series of developer networks, Global Hacksone and $20 million ecological funding programs in early 2025, demonstrating efficient execution.
The cooperation with Ant provides it with guarantees for short-term implementation, especially in the RWA field, dozens of projects have expressed their intention to join.
But it has to be admitted that the competition in the public chain ecosystem has become increasingly fierce.
BNB, Polygon and other pioneers have taken the market advantage, and Pharos needs to find more differentiated advantages beyond performance.
On the other hand, the implementation of RWA involves a complex regulatory environment and traditional institutional acceptance, which requires time and patience to promote cross-border collaboration.
5. Summarize it
The birth of Pharos is the product of Ant Group's inability to suppress its ambitions.
It is also a new exploration made with the help of RWA wave.
From the relaxation of Hong Kong's policies to the entry of traditional Internet giants like Ant, we can see that some changes are taking place in the overall environment.
Pharos is a new force for the global Web3 ecosystem. Let’s take a look at what new things this new force will give birth to.