Woofun AI reports that Pharos Network has designated Faroo as the inaugural project from its Incubation Program, securing investment support with a valuation of $10 million. This follows Pharos' February announcement of a dedicated $10 million fund aimed at bridging real-world assets with on-chain finance through technical guidance and investor access.

Faroo has introduced an RWA Hybrid Vault product intended to expand revenue opportunities for PROS token holders. The platform’s architecture relies on the Bifrost SLPx module, providing L1-level security and native cross-chain interoperability.