Whale Factor|Sep 26, 2026 04:16
🐋 WHALE WATCH :Standard Chartered venture arm and a sovereign wealth backed fund are both backing the same wave of pre launch RWA projects. Heres where the capital landed.
Top 10 upcoming RWA projects by funding
=> Pharos Network — $52M | SNZ Capital Sumitomo Chainlink Flow Traders
=> REAL Finance — $29M | Nimbus Capital Magnus Capital Frekaz Group
=> KiiChain — $26M | Nimbus Capital Super Cycle Capital WTG Ventures
=> Multipli — $20M+ | Pantera Capital Coinbase Ventures Spartan Group Sequoia
=> Libeara — $14M | GSR SC Ventures (Standard Chartered)
=> LAKE — $12.4M | Artaize Invest EMB Venture Capital MSM Family Office
=> Dow Protocol — $10.5M | MH Ventures Mapleblock Animoca Brands Hashkey Chain
=> NUVA Digital — $5.2M | Morgan Creek Digital Ulu Ventures Animoca Brands
Two names stand out.
Pharos Networks $52M raise tops the list but the backer mix matters more than the number. Sumitomo a major Japanese conglomerate and Chainlink sitting in the same cap table signals infrastructure-level conviction not crypto native speculation.
Libeara is the structural one to watch. SC Ventures, Standard Chartereds own venture arm led a strategic round that closed June 2026. A global bank placing a direct bet on RWA infrastructure rather than running an internal tokenization pilot is a different category of signal.
The institutional money isnt exploring RWA anymore. Its funding it.
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