Pharos Network Completes $44 Million Series A Funding, Total Funding Reaches $52 Million, Accelerating the Scale Development of On-Chain Economy
- Core Viewpoint: Pharos Network, a Layer 1 blockchain for institutional finance, has completed a $44 million Series A funding round, aiming to accelerate the construction of global on-chain real-world asset (RWA) infrastructure and promote the tokenization of institutional-grade assets.
- Key Elements:
- Pharos Network has completed a $44 million Series A funding round, jointly led by undisclosed leading institutions including an Asian private equity fund, a listed new energy company, and compliant financial institutions in Hong Kong.
- Strategic investors include a subsidiary of Sumitomo Corporation and crypto-native institutions such as SNZ and Chainlink, aiming to bridge real-world assets with on-chain liquidity.
- The network is positioned as a financial-grade, asset-native Layer 1, targeting the integration of $50 trillion in RWA and TradFi assets, utilizing deep parallel execution and built-in compliance modules.
- It has partnered with energy giant GCL Group to launch a pilot RWA project backed by energy assets, advancing ecosystem implementation.
- The Atlantic Ocean testnet is live, having validated its capability to handle high-frequency, high-value asset transfers in preparation for the mainnet launch.
- The core team comprises members from Ant Group, Microsoft Research, and Stanford University, possessing extensive experience in blockchain infrastructure development.
Hong Kong, April 8, 2026 — Pharos Network, a Layer 1 blockchain network designed for institutional-grade financial scenarios, today announced the completion of a $44 million Series A funding round. The capital will be used to accelerate the construction of on-chain real-world asset (RWA) infrastructure across Asia and globally.
This round was jointly led by several undisclosed leading institutions, including a top Asian private equity fund, a listed new energy company, and compliant financial institutions in Hong Kong. Other strategic investors include: traditional industry leaders such as the Fortune 500 conglomerate Sumitomo Corporation investing through its subsidiaries, as well as crypto-native institutions SNZ, Chainlink, and Flow Traders, further bridging the connection between real assets and on-chain liquidity.
Pharos is a financial-grade, asset-native Layer 1 network with the goal of integrating $50 trillion worth of real-world assets (RWA), traditional finance (TradFi), and cross-chain capital into a modular on-chain economic system, achieving internet-scale throughput. The network employs a deeply parallel execution architecture with built-in compliance modules, specifically designed to serve real-time, asset-backed financial applications.
"This funding round will propel RealFi (Real Finance) from concept to implementation," said Wish Wu, Co-founder and CEO of Pharos Network. "We are defining how institutional capital, risk governance, and on-chain infrastructure can synergize on a financial-grade Layer 1. Leveraging our strategic partners, we are committed to building an environment where real-world assets can operate at scale with institutional-grade reliability."
Prior to this, Pharos has rapidly advanced its ecosystem expansion. It recently entered into a strategic capital partnership with global solar and energy storage giant GCL Group to jointly launch an RWA pilot project backed by energy assets.
Currently, Pharos Network has launched its Atlantic Ocean testnet, which fully demonstrates mainnet-level performance and ecosystem readiness. The testnet has already onboarded millions of users and hundreds of millions of unique addresses, validating its capability to handle high-frequency, high-value asset transfers and preparing the ground for the mainnet launch.
Partners are welcome to visit the official documentation (https://docs.pharos.xyz/) for development details or explore more applications on the ecosystem page (https://www.pharos.xyz/ecosystem).
About Pharos Network
Pharos Network is an inclusive Layer 1 blockchain built for RealFi (Real Finance), dedicated to enabling the free flow of real value and institutional-grade assets on-chain and achieving composability with decentralized assets globally. Pharos combines a modular architecture, a deeply parallel execution engine, and built-in compliance modules to drive asset-native ecosystem growth.
The team was initiated by former core management from Ant Group, led by CEO Wish Wu. Core members hail from Ant Group, Microsoft Research, and Stanford University, possessing deep expertise in blockchain infrastructure, formal verification, and zero-knowledge proof systems. This team previously led the infrastructure development for Alipay and Asia's largest blockchain platform.
Prior to this Series A round, Pharos completed an $8 million seed funding round in November 2024, led by Lightspeed Faction and Hack VC with participation from other investors, bringing the total cumulative funding to $52 million. The Pharos testnet went live in May 2025, allowing developers to build and test applications on the platform.
