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Pharos Network Incubator Backs Faroo at $10M Valuation as Faroo Launches RWA Hybrid Vault

Hong KongPharos Network, a Layer 1 blockchain dedicated to real-world finance and AI, today announced Faroo as the inaugural project incubated through its Pharos Incubation Program. As the flagship beneficiary of the $10 million incubator, Faroo will receive comprehensive investment and resource support from Pharos at a confirmed valuation of $10 million. In conjunction with the […]

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Pharos Network, a Layer 1 blockchain dedicated to real-world finance and AI, today announced Faroo as the inaugural project incubated through its Pharos Incubation Program. As the flagship beneficiary of the $10 million incubator, Faroo will receive comprehensive investment and resource support from Pharos at a confirmed valuation of $10 million. In conjunction with the announcement, Faroo is launching its innovative RWA Hybrid Vault, a product designed to expand yield opportunities for $PROS holders by combining native staking rewards with real-world asset returns.

vdbd Pharos Network Incubator Backs Faroo at $10M Valuation as Faroo Launches RWA Hybrid Vault

A Strategic Investment on the Future of RWA-DeFi Convergence

Pharos launched its $10 million incubator program in February 2026 with a clear mandate: to bridge real-world assets with on-chain finance and empower early-stage teams building at the intersection of RWA and DeFi. Participating teams receive end-to-end support spanning technical guidance, product launch assistance, and access to Pharos’ global investor network.

While RWA has emerged as a dominant narrative in the crypto industry this year, much of the market remains stuck in what Pharos describes as the “static tokenization” phase — assets that lack composability and cannot function effectively as collateral within the broader DeFi ecosystem.

Faroo was selected as the program’s first project on the strength of its technical foundation in liquid staking infrastructure and its strategic alignment with the Pharos ecosystem. With this investment, Faroo joins the Pharos RealFi Alliance, taking on a central role in the ecosystem’s liquidity infrastructure.

Built by Bifrost Veterans, Powered by Hybrid Yield

The Faroo team has deep expertise in cross-chain staking infrastructure, and its technical solution is built upon Bifrost’s SLPx module, delivering Layer 1-grade security alongside native cross-chain interoperability. At the core of the project is its proprietary “Hybrid Yield” mechanism, which combines on-chain staking rewards with returns generated from real-world assets, providing users with diversified yield exposure.

Anchored in the Pharos Ecosystem

Pharos Network is a financial-grade, asset-native Layer 1 designed to bring an estimated $50 trillion in real-world assets, traditional finance, and cross-chain capital into a modular on-chain economy. The network launched its Pacific Ocean mainnet and the $PROS coin in April 2026, and has raised a cumulative $52 million in funding to date.

Faroo is built deeply into this ecosystem, leveraging Pharos’ native coin economy, the RealFi Alliance’s RWA asset pipelines, and the network’s robust compliance framework. The result is a protocol that successfully bridges decentralized technology with regulatory compliance.

Expanding Utility for $PROS Holders

The launch of the Faroo RWA Hybrid Vault marks a meaningful expansion in utility and yield opportunities for $PROS stakers. Users can lock their staked $PROS into the vault to earn incentives tied to the market performance of specific enterprise partners. With this launch, $PROS holders are no longer limited to a single source of staking yield through Faroo, they can simultaneously capture on-chain staking rewards and returns generated by RWA projects.

“Faroo proves that real-world assets and on-chain staking can be deeply integrated at the same protocol layer,” said Wish Wu, Co-founder and CEO of Pharos. “This significantly expands the utility of $PROS and provides reusable liquidity infrastructure for the entire RealFi ecosystem.”

A Blueprint for What Comes Next

As the first project to graduate from the Pharos Incubator, Faroo’s launch showcases the full breadth of Pharos’ capabilities from foundational blockchain infrastructure to a thriving application ecosystem. Beyond capital, the incubator provides portfolio teams with access to Pharos’ institutional-grade infrastructure, RealFi Alliance partners, and global compliance and finance network, supporting projects through every stage from R&D to go-to-market.

The Pharos Incubator remains open to developers and RealFi innovators worldwide. Using Faroo as a benchmark, the program aims to accelerate the development of next-generation real-yield asset infrastructure and bring compliant, scalable, and programmable on-chain finance into the mainstream.

About Pharos Network

Pharos is a financial and AI Layer 1 built for RealFi. It delivers the compliant infrastructure needed for institutional assets and internet-scale capital markets.

Designed to coordinate real-world financial activity onchain, Pharos combines deep-parallel execution (SALI engine), modular SPNs, and protocol-level compliance infrastructure, integrating ZK-KYC / AML mechanisms, AsyncBFT consensus, native AI agent support (X402 protocol), and dualVM (EVM + WASM compatibility), to support RWAs, stablecoins, cross-border settlement, onchain yield markets, and agent-mediated commerce at internet scale.

The network is supported by strategic partners across the global financial stack, including Circle, Chainlink, Anchorage Digital, Morpho, and Centrifuge, connecting regulated capital markets with onchain liquidity venues where real-world assets can be actively deployed into real-yield-generating strategies.

Built by former Ant Group leadership and engineers, backed by leading global investors across TradFi and crypto, including Sumitomo Corporation, Flow Traders, SNZ, Hack VC, and Faction VC, Pharos is developing the infrastructure layer for the next era of programmable finance and the agentic economy.

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Valtorc International is proud to offer our USA fabricated METAL SEATED 3 WAY BALL VALVES

Kennesaw, Georgia  Valtorc International : USA Manufacturing Operations Valtorc international USA manufacturing operations has announced the completion of their new High Performance 3 Way all 316     Stainless Steel METAL SEATED ball valves.S372M series. These High performance 3 way ball valve packages, are being used in various industries worldwide. Chemical plant operations, Oil and Gas […]

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Valtorc International : USA Manufacturing Operations

Valtorc international USA manufacturing operations has announced the completion of their new High Performance 3 Way all 316

 

valtorc international is proud to offer our usa fabricated metal seated 3 way ball valves Cl6F1Z Valtorc International is proud to offer our USA fabricated METAL SEATED 3 WAY BALL VALVES

 

Stainless Steel METAL SEATED ball valves.S372M series. These High performance 3 way ball valve packages, are being used in various industries worldwide. Chemical plant operations, Oil and Gas refineries, Food Processing plants, Water treatment facilities , and many other manufacturing plants worldwide. We are very proud of our engineering team, for the production and implementation, and fabrication of this high performance package. These packages are available in sizes from 1/2″” to 2″, in all stainless steel material, All packages are available with Pneumatic or Electric automation. Or can be used manually if required. We are very excited to promote these High quality packages, and are looking for qualified customers and distributors worldwide to help us promote these packages …

Valtorc International P.O. Box 1928 Kennesaw Georgia 30156

Call us. 770-423-7100

A J Bental

Email: [email protected]

Website: www.valtorc.com

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The Man Behind New York City’s Luxury Revival: How Ilya Zavolun Is Elevating the City’s Event Scene

NEW YORK, NYOnce a symbol of Manhattan’s architectural grandeur, Capitale is once again placing New York City at the forefront of luxury hospitality for a global audience.

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Once a symbol of Manhattan’s architectural grandeur, Capitale is once again placing New York City at the forefront of luxury hospitality for a global audience.

As the eyes of the world turned to New York City during the FIFA World Cup, one venue emerged as the defining symbol of the city’s return as the global capital of luxury hospitality. Capitale, the iconic landmark housed within the former Bowery Savings Bank at 130 Bowery, hosted FIFA’s prestigious gala dinner, welcoming world leaders, international dignitaries, and distinguished guests for an unforgettable evening that showcased New York at its absolute finest.

For hospitality entrepreneur and Capitale visionary Ilya Zavolun, the evening represented something much larger than a successful event—it marked a turning point for New York City.

 

2E27DEAE 2C11 4B81 BC09 5D46B80BCDCC The Man Behind New York City’s Luxury Revival: How Ilya Zavolun Is Elevating the City’s Event Scene

 

“Ask me what changed my mind about what this city is capable of, and I’ll point to this summer,” said Zavolun. “The world came to New York with genuine expectation, and when FIFA chose Capitale for its gala dinner, I watched guests from every corner of the globe experience something truly extraordinary. They weren’t simply impressed by the architecture—they felt they were somewhere that mattered.”

Housed inside one of Manhattan’s most celebrated architectural landmarks, Capitale combines historic grandeur with modern hospitality, offering an experience that few venues in the world can replicate. Rather than competing on convenience, Zavolun believes New York has an opportunity to once again become synonymous with elegance, craftsmanship, and unforgettable experiences.

“Somewhere along the way, New York started competing on convenience instead of grandeur,” Zavolun said. “This summer proved that the appetite for extraordinary experiences never disappeared. The world still wants New York to be magnificent. We simply stopped offering it. My mission isn’t about nostalgia—it’s about restoring the standard.”

The FIFA gala demonstrated the philosophy that has become the foundation of Capitale’s approach to hospitality: true luxury is found in intentionality.

“Capitale is more than a venue—it’s a piece of New York City’s history,” said Zavolun. “Our responsibility is to honor that legacy while creating experiences that feel timeless. True luxury isn’t measured by extravagance; it’s measured by how every guest feels the moment they walk through our doors. When people leave remembering how they were treated, not just what they attended, we’ve done our job.”

Every event hosted at Capitale is designed around the story each client wants to tell. Whether welcoming international organizations, corporate leaders, philanthropists, or families celebrating life’s most meaningful milestones, the venue emphasizes thoughtful curation over extravagance.

“True luxury isn’t about excess—it’s about intention,” Zavolun said. “Every event should have a purpose beyond celebration. When you understand the story you’re trying to tell, every element comes together to create an experience people remember long after the evening ends.”

Zavolun’s entrepreneurial journey spans decades, beginning with building and successfully selling a technology company before entering the hospitality industry. His experience taught him that exceptional venues are built not only through architecture but through people.

“Reputation compounds slowly and disappears quickly,” he said. “You earn it one event at a time. The building is remarkable, but it’s our team that creates the experience. Guests always know the difference between people who simply work somewhere and people who genuinely take pride in what they do.”’

Looking ahead, Zavolun believes New York has an extraordinary opportunity following the international attention generated this summer.

“The cameras may have moved on, but this is only the beginning,” he said. “I want people to return to New York not simply for business or sporting events, but because nowhere else in the world offers hospitality, culture, architecture, and elegance quite like this city. If we inspire a new generation of hospitality leaders to pursue excellence instead of convenience, everyone benefits.”

As New York continues welcoming international visitors, investors, and luxury travelers, Capitale remains at the forefront of a renewed movement toward timeless elegance, exceptional service, and world-class hospitality. Through landmark events and unforgettable guest experiences, the venue continues to demonstrate why New York remains one of the world’s premier destinations for luxury gatherings.

About Capitale

Located in the heart of Manhattan at 130 Bowery, Capitale is one of New York City’s most iconic luxury event venues, housed within the historic former Bowery Savings Bank. Renowned for its breathtaking architecture, soaring ceilings, marble interiors, and timeless elegance, Capitale serves as the backdrop for prestigious galas, corporate events, private celebrations, charity fundraisers, luxury weddings, and international gatherings. From hosting globally recognized organizations to welcoming distinguished guests from around the world, Capitale has earned a reputation for delivering exceptional hospitality and unforgettable experiences. With a commitment to excellence and meticulous attention to detail, Capitale continues to elevate New York City’s standing as a premier destination for luxury events on both the national and international stage.

Media Contact Details
Liana Zavo
Email: Send Email

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Cosmopolitan Food Group Expands Packaged Olive Oil Export Focus

IZMIR, TürkiyeCosmopolitan Food Group, an international food company operating through Türkiye and the United States, announced an expanded focus on packaged olive oil exports as part of its broader international growth strategy. The company, led by chief executive officer Sinan Bozdağ, is directing resources toward branded, retail-ready olive oil in an effort to move Turkish-origin products […]

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Cosmopolitan Food Group, an international food company operating through Türkiye and the United States, announced an expanded focus on packaged olive oil exports as part of its broader international growth strategy. The company, led by chief executive officer Sinan Bozdağ, is directing resources toward branded, retail-ready olive oil in an effort to move Turkish-origin products beyond bulk commodity trade.

 

1786022181 0 sinan bozdag cosmopolitan ceo.jpg1 Cosmopolitan Food Group Expands Packaged Olive Oil Export Focus

 

The strategy centers on packaged olive oil, a category the company considers strategically important for Türkiye’s food industry because it allows producers to build higher value through branding, packaging and traceability rather than volume alone. Cosmopolitan Food Group supports this model through a portfolio of olive oil and Mediterranean food brands that includes Palermo, Papa Palermo, Casa di Oliva, Olivitaly and Cordelio.

Founded in the United States in 2009, Cosmopolitan Food Group initially concentrated on olive oil sales and distribution before developing a wider international supply structure. The group later expanded its operations in Türkiye, connecting sourcing, production and export activity with retail and foodservice demand abroad. That development reflects a growing role for Turkish companies in branded food exports, particularly in markets where Mediterranean products continue to gain shelf presence.

Under Bozdağ’s direction, the company has built an operating structure designed to support both brand ownership and distribution capability. Its United States operations provide access to retail and food-industry channels, while its Türkiye-based activity maintains close relationships with producers and suppliers. According to the company, this model helps position Turkish-origin products in international markets with an emphasis on consistency, packaging standards and long-term supply reliability.

“Packaged olive oil exports matter not only for company growth, but for the way Turkish food products are represented in international markets,” said Sinan Bozdağ, chief executive officer of Cosmopolitan Food Group. “The objective is to keep building reliable brands, disciplined supply systems and stronger visibility for Mediterranean products that originate from Tükiye.”

The company’s product range extends beyond olive oil to include balsamic vinegar, honey, salt and seasoning products, sun dried tomatoes, capers, sauces, olives, spreads and preserves. This breadth allows the group to serve different segments of the international grocery and foodservice market while keeping olive oil at the center of its export identity.

The company frames packaged exports as a way to keep more value within Türkiye’s food supply chain. Rather than shipping unbranded product for others to bottle and label abroad, branded exports keep packaging, quality control and brand equity closer to the producer. According to the company, this approach also supports more predictable demand planning for the suppliers it works with and a clearer link between production standards and the final product on the shelf.

The renewed focus also reflects a wider shift in the olive oil sector. As international buyers place more weight on origin, quality, packaging and brand identity, exporters are increasingly expected to offer more than volume based supply. For Turkish producers, the company notes, this creates an opportunity to compete through product presentation, retail readiness and brand recognition rather than price alone.

Türkiye is recognized as one of the major olive and olive oil producing countries in the Mediterranean region, yet the packaged export segment remains an area with room for further development.

By prioritizing branded exports, the company aims to support an approach in which Turkish origin products compete more visibly on international shelves. Further information on the company’s brand portfolio is available online.

Cosmopolitan Food Group stated that its continued focus will remain on expanding packaged food exports, strengthening supplier relationships and increasing brand recognition in global markets, combining Turkish sourcing capability with international sales and distribution experience. Additional background is available on the company website.

About Cosmopolitan Food Group

Cosmopolitan Food Group is an international food trade and export company operating through Türkiye and the United States. Founded in 2009, the company specializes in olive oil and Mediterranean food products, including balsamic vinegar, honey, sauces, olives, spreads and preserves. Its brand portfolio includes Palermo, Papa Palermo, Casa di Oliva, Olivitaly and Cordelio.

The company’s mission is to strengthen the global presence of Turkish-origin food products through reliable supply and branded packaged exports.

Media Contact Details
Gizem Gezgin
Cosmopolitan Food Group
Email: Send Email
Website: cfgoil.com

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