Pharos Network Secures $44M Series A Funding for On-Chain Economy Expansion

Pharos Network, an institutional-grade Layer 1 blockchain, has secured $44 million in Series A funding, bringing its total funding to $52 million. The funds will enable the expansion of real-world asset (RWA) infrastructure across Asia and globally.

The investment round was co-led by top-tier institutions, including a major Asian private equity fund, a listed new energy company, and a Hong Kong-compliant financial firm. Strategic investors include Sumitomo Corporation, SNZ, Chainlink, and Flow Traders.

Pharos aims to integrate $50 trillion in traditional and digital assets into a modular on-chain economic system. The network has launched the Atlantic Ocean testnet, attracting millions of users, with a network upgrade expected to follow.