Overview
- Pharos Network said it raised $44 million in a Series A, lifting total funding to $52 million.
- The financing follows an equity deal with Hong Kong–listed GCL New Energy that valued the project near $1 billion.
- Backers include Asian private equity funds, regulated financial institutions in Hong Kong, a Sumitomo Corporation subsidiary, SNZ Holding, Chainlink, and Flow Traders.
- The Ethereum‑compatible chain says it is built for regulated finance with parallel processing plus compliance features such as audit trails and identity checks.
- Pharos is working with Chainlink and Centrifuge through the RealFi Alliance to set standards and distribute tokenized Treasuries and AAA credit like JTRSY and JAAA, as the RWA market grows toward roughly $60 billion projected outstanding in 2026.