TL;DR:
- Pharos Network raised a $44 million Series A, bringing total funding to $52 million and backing its financial-grade Layer 1 strategy.
- Investors include Asia-based private equity funds, Hong Kong financial institutions, Sumitomo Corporation, SNZ, Chainlink, and Flow Traders.
- The company says it will use the capital to expand onchain RWA infrastructure across Asia and beyond, scale testnet traction, and push RealFi toward institutional execution with built-in compliance at internet scale.
Pharos Network has raised a $44 million Series A round, lifting total funding to $52 million and giving momentum to its push for financial-grade infrastructure in the onchain economy. The project is positioning itself as a Layer 1 built for real-world assets, traditional finance, and cross-chain capital at internet scale. This is not just another funding announcement, but a statement about where blockchain infrastructure is heading. In a market crowded with token narratives, Pharos is trying to place compliance-ready rails near the center of the growth cycle.
Thrilled to announce the $44M Series A to scale the onchain economy ā
Backed by Sumitomo Corporation's CVC arm, @snzholding, @chainlink, @FlowTraders, and some of the undisclosed giants in global finance šļø
Pharos is building the financial-grade infrastructure to bridge TradFiā¦ pic.twitter.com/3M5zlBWHaQ
— Pharos | Mainnet Soon (@pharos_network) April 8, 2026
Why the raise matters beyond headline capital
The investor mix helps explain why the round stands out. Pharos said the raise was led by a consortium of backers including Asia-based private equity funds, renewable energy companies, and regulated financial institutions in Hong Kong. Strategic participants include Sumitomo Corporation through one of its subsidiaries, alongside crypto-native names such as SNZ, Chainlink, and Flow Traders. The financing is structured as a bridge between traditional capital and crypto-native liquidity, not a bet from one side alone. That blend reinforces Pharosā ambition to sit between institutional finance and onchain markets.
The company says the new capital will accelerate the build-out of onchain RWA infrastructure across Asia and beyond. Pharos describes itself as a financial-grade, asset-native Layer 1 built on deep-parallel execution architecture with built-in compliance, aimed at supporting real-time, asset-backed financial applications. It also says the network is designed to bridge more than $50 trillion in RWAs, TradFi, and cross-chain capital into a modular onchain economy. The central pitch is scale with institutional reliability, not experimental finance for its own sake. That framing explains why governance, compliance, and execution are emphasized.
The raise also follows a stretch of expansion that Pharos is using as proof of readiness. The network is live on its Atlantic Ocean Testnet, which it says offers a mainnet view of performance and ecosystem preparedness. Pharos says it has onboarded millions of users and hundreds of millions of unique addresses, and secured a strategic capital partnership with GCL to pilot energy-backed RWAs. The broader message is that Pharos wants to move RealFi from theory to operating environment. Led by former Ant Group executives and supported by a team from Ant, Microsoft Research, and Stanford, the company is presenting this round as fuel for execution.
