Pharos (PROS) Layer-1: A dedicated chain for the "RealFi" narrative?

Been digging into the RWA sector lately and came across Pharos (PROS). Instead of deploying another dApp, they are building a dedicated Layer-1 specifically for "RealFi".

Here’s the TL;DR of their architecture:

Native RWA Focus: Purpose-built to bridge TradFi and DeFi directly, aiming to reduce the friction seen on general-purpose chains.

Protocol-Level Compliance: Baking identity and compliance directly into the L1 to make institutional onboarding smoother.

Unified Liquidity: Attempting to solve RWA liquidity fragmentation by keeping the ecosystem on a single chain.

Not financial advice, just dropping some research notes.

Do we actually need an app-specific L1 for RWAs, or will existing networks like ETH/Solana just absorb this narrative anyway? Curious to hear your thoughts.