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April

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Pharos

Hong Kong, Hong Kong, April 8th, 2026, Chainwire 
Financial Layer 1 <a href="https://www.pharos.xyz/" rel="noopener noreferrer nofollow">Pharos Network</a> today announced a $44 million Series A funding round to accelerate the build‑out of on-chain RWA infrastructure across Asia and beyond.
The round was led by a powerful consortium of undisclosed backers, which includes premier Asia-based private equity funds, publicly traded renewable energy giants, and regulated Hong Kong financial institutions. Other strategic investors in this round include traditional industry leaders like Sumitomo Corporation, a Fortune Global 500 multinational Sogo shosha, participating through its subsidiary. Additionally, crypto-native investors SNZ, Chainlink and Flow Traders joined the round, further bridging real-world assets with on-chain liquidity.
Pharos is a financial‑grade, asset‑native Layer 1 designed to bridge over $50 trillion in real‑world assets (RWAs), TradFi, and cross‑chain capital into a modular, onchain economy at internet scale. Built on a deep‑parallel execution architecture with built‑in compliance, the network is purpose‑built to support real‑time, asset‑backed financial applications.
“This funding allows us to scale RealFi from narrative to execution,” said Wish Wu, Co‑Founder &amp; CEO of Pharos Network. “We are formalizing how institutional capital, risk governance, and onchain infrastructure come together on a financial‑grade Layer 1. With our strategic partners, we are building an environment where real‑world assets can operate at scale with institutional‑grade reliability.”
This Series A funding follows a period of rapid ecosystem expansion for Pharos, which recently secured a strategic capital partnership with global solar and energy storage giant GCL to pilot energy-backed RWAs.
Pharos Network is currently live on Atlantic Ocean Testnet, providing a Mainnet view of its performance and ecosystem readiness. The network has onboarded millions of users and hundreds of millions of unique addresses, validating its ability to handle high‑frequency, high‑value flows in preparation for Mainnet launch.
Partners interested in building on Pharos can access documentation at <a href="https://docs.pharos.xyz/" rel="noopener noreferrer nofollow">https://docs.pharos.xyz/</a> and explore the ecosystem at <a href="https://www.pharos.xyz/ecosystem" rel="noopener noreferrer nofollow">https://www.pharos.xyz/ecosystem</a>.
<h3 id="about-pharos-network">About Pharos Network</h3>
Pharos Network is an inclusive financial Layer 1 for RealFi, where real value and institutional‑grade assets circulate onchain and compose with decentralized assets at global scale. Pharos combines modular architecture, deep‑parallel execution, and built‑in compliance to power asset‑native ecosystems.
Founded by the former leadership of Ant Group, led by CEO Wish Wu, the team includes pioneers from Ant Group, Microsoft Research, and Stanford, with deep backgrounds in blockchain infra, formal verification, and ZK systems. The team built the infrastructure for Alipay and Asia’s largest blockchain platform.
This Series A round follows an $8 million seed round raised in November 2024 led by Lightspeed Faction and Hack VC, with participation from other investors, bringing the total funding to date to $52 million. The Pharos Testnet went live in May 2025, allowing developers to begin building and testing applications on the platform. 
<h5>Contact</h5>Michelle Kang michelle@pharoslabs.xyz 
Disclaimer. This is a paid press release. CoinMarketCap does not recommend that any cryptocurrency (bitcoin, ethereum, custom asset) should be bought, sold or held. Do conduct your own due diligence and consult your financial advisor before making any investment decisions.

Pharos Network Announces $44M Series A Round, Bringing Total Funding to $52M to Scale Onchain Economy (8 Apr)

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