Pharos Network completes $44 million Series A funding, bringing total funding to $52 million, accelerating the development of on-chain economic scale.

Pharos Network completes $44 million in Series A funding, bringing its total funding to $52 million. The funds raised will be used to accelerate the scalable deployment of an on-chain economy.

Hong Kong, April 8, 2026 —— Pharos Network, a Layer 1 blockchain network for institutional-grade financial scenarios, today announced the completion of its $44 million Series A funding round. The funds will be used to accelerate the construction of real-world asset (RWA) infrastructure on-chain across Asia and globally.
This round was jointly led by multiple undisclosed top-tier institutions, including leading private equity funds in Asia, publicly listed new energy companies, and Hong Kong-compliant financial institutions. Other strategic investors include major companies from traditional industries such as Sumitomo Corporation, a Fortune 500 conglomerate, investing through its subsidiaries, as well as crypto-native firms SNZ, Chainlink, and Flow Traders, further connecting real-world assets with on-chain liquidity.
Pharos is a financial-grade, asset-native Layer 1 network. Its goal is to integrate $500 billion? of real-world assets (RWA), TradFi (traditional finance), and cross-chain capital into a modular on-chain economy system, running at internet-scale. The network uses a deep parallel execution architecture, with built-in scalability blocks, designed specifically for real-time, asset-backed financial applications.
“This round of funding will push RealFi (real-world finance) from concept to implementation.” Wish Wu, Co-founder and CEO of Pharos Network, said, “We are defining how institutional capital, risk governance, and on-chain infrastructure can work together on a financial-grade Layer 1. With our strategic partners, we are committed to building an environment where real-world assets can run at large scale with institutional-grade reliability. With our strategic partners, the environment we aim to build is one where real-world assets can be scaled up and run at large scale with institutional-grade reliability.”
Previously, Pharos had been rapidly advancing ecosystem expansion. Recently, it reached a strategic capital partnership with GCL Group (GCL), a global solar and energy storage giant, and jointly launched an energy-asset-backed RWA pilot project.
At present, Pharos Network has launched the Atlantic Ocean testnet, which fully demonstrates mainnet-level performance and ecosystem readiness. The testnet has been connected to millions of users and hundreds of millions of independent addresses, validating its ability to handle high-frequency, high-value asset transfers and preparing it for a mainnet launch.

About Pharos Network
Pharos Network is an inclusive Layer 1 blockchain built specifically for RealFi (real-world finance). It aims to enable the free flow of real value and institutional-grade assets on-chain, and to achieve composability with decentralized assets worldwide. Pharos integrates a modular architecture, a deep parallel execution engine, and built-in scalability blocks to drive the development of an asset-native ecosystem.
The team was initiated by former core management from Ant Group, led by CEO Wish Wu. Core members come from Ant Group, Microsoft Research, and Stanford University, with deep experience in blockchain base-layer architecture, formal verification, and zero-knowledge proof systems. This team previously led the infrastructure buildout for Alipay and Asia’s largest blockchain platform.
Prior to this Series A funding round, Pharos completed an $8 million seed round in November 2024, led by Lightspeed Faction and Hack VC, with other investors participating as well. As a result, the total cumulative funding reached $52 million. Pharos’s testnet went live in May 2025, and developers can build and test applications based on this platform.