Hong Kong, April 8, 2026 — Pharos Network, a Layer 1 blockchain network targeted at institutional-level financial scenarios, today announced the completion of $44 million in Series A financing. The funds will be used to accelerate the construction of on-chain real-world asset (RWA) infrastructure in Asia and globally.
This round of financing was jointly led by several undisclosed leading institutions, including top private equity funds in Asia, listed new energy companies, and compliant financial institutions in Hong Kong. Other strategic investors include traditional industry leaders such as the Fortune Global 500 comprehensive enterprise Sumitomo Corporation through its subsidiaries, as well as crypto-native institutions SNZ, Chainlink, and Flow Traders, further enhancing the connection between real assets and on-chain liquidity.
Pharos is a financial-grade, asset-native Layer 1 network that aims to integrate $50 trillion in real-world assets (RWA), traditional finance (TradFi), and cross-chain capital into a modular on-chain economic system that can operate at Internet-scale. The network utilizes a deep parallel execution architecture and built-in compliance modules, specifically serving real-time, asset-backed financial applications.
“This round of financing will drive 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 achieve synergy on a financial-grade Layer 1. With our strategic partners, we are committed to creating an environment that allows real-world assets to operate at scale with institutional-level reliability.”
Prior to this, Pharos has quickly advanced its ecosystem expansion. It recently established a strategic capital cooperation with the global solar and energy storage giant GCL Group to jointly launch a pilot project for RWA backed by energy assets.
Currently, Pharos Network has launched the Atlantic Ocean testnet, which can fully present the performance and ecological readiness at the mainnet level. The testnet has connected millions of users and hundreds of millions of independent addresses, validating its capability to handle high-frequency and high-value asset flows, preparing for the mainnet launch.

About Pharos Network
Pharos Network is an inclusive Layer 1 blockchain designed specifically for RealFi (real finance), dedicated to allowing real value and institutional-level assets to flow freely on-chain and achieve composability with decentralized assets worldwide. Pharos integrates a modular architecture, a deep parallel execution engine, and built-in compliance modules to drive the ecological development of asset-natives.
The team is initiated by the former core management of Ant Group, led by CEO Wish Wu, with core members from Ant Group, Microsoft Research, and Stanford University, possessing deep expertise in blockchain underlying architecture, formal verification, and zero-knowledge proof systems. This team previously led the infrastructure development for Alipay and Asia's largest blockchain platform.
Before this Series A round of financing, Pharos had completed $8 million in seed round financing 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 was launched in May 2025, allowing developers to build and test applications on the platform.