Hong Kong, April 8, 2026 - The Layer 1 blockchain network Pharos Network, aimed at institutional-grade financial scenarios, today announced the completion of a $44 million Series A funding round. The funds will be used to accelerate the construction of on-chain real-world asset (RWA) infrastructure in Asia and globally.
This funding round was led by several undisclosed top-tier institutions, including Asia's top private equity funds, new energy public companies, and compliant financial institutions in Hong Kong. Other strategic investors include traditional industry leaders such as Sumitomo Corporation through its subsidiaries, as well as crypto-native institutions like SNZ, Chainlink, and Flow Traders, further connecting real assets with on-chain liquidity.
Pharos is a financial-grade, asset-native Layer 1 network aiming to integrate $50 trillion of real-world assets (RWA), traditional finance (TradFi), and cross-chain capital into a modular on-chain economic system that can scale to internet-level volumes. The network employs a deep parallel execution architecture with built-in compliance modules, specifically designed for real-time, asset-backed financial applications.
"This funding round will drive RealFi from concept to reality," said Wish Wu, co-founder and CEO of Pharos Network. "We are defining how institutional capital, risk governance, and on-chain infrastructure can work together on a financial-grade Layer 1. With the support of strategic partners, we are committed to creating an environment where real-world assets can operate at institutional reliability on a large scale."
Previously, Pharos has rapidly advanced its ecological expansion. Recently, it reached a strategic capital cooperation with global solar and energy storage giant GCL to jointly launch an RWA pilot project backed by energy assets.
Currently, Pharos Network has launched the Atlantic Ocean testnet, which can fully present mainnet-level performance and ecological readiness. The testnet has connected millions of users and hundreds of millions of independent addresses, validating its capability to handle high-frequency, high-value asset transactions, making it ready for mainnet launch.
Partners are welcome to visit the official documentation (https://docs.pharos.xyz/) for development details or log in to the ecosystem page (https://www.pharos.xyz/ecosystem) to explore more applications.
About Pharos Network
Pharos Network is an inclusive Layer 1 blockchain specifically designed for RealFi, dedicated to allowing real value and institutional-grade assets to circulate freely on-chain and to achieve composability with decentralized assets globally. Pharos integrates modular architecture, a deep parallel execution engine, and built-in compliance modules to drive the ecological development of asset-native systems.
The team is initiated by former core management from Ant Group, led by CEO Wish Wu, with core members 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 of Alipay and Asia's largest blockchain platform.
Before this Series A funding round, Pharos completed an $8 million seed funding in November 2024, led by Lightspeed Faction and Hack VC, with other investors participating, bringing the total financing amount to $52 million. The Pharos testnet went live in May 2025, enabling developers to build and test applications on the platform.
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