{"id":25381,"date":"2026-04-08T15:25:46","date_gmt":"2026-04-08T15:25:46","guid":{"rendered":"https:\/\/bitunikey.com\/news\/pharos-network-raises-44m-to-push-institutional-rwas-onchain\/"},"modified":"2026-04-08T15:25:53","modified_gmt":"2026-04-08T15:25:53","slug":"pharos-network-raises-44m-to-push-institutional-rwas-onchain","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/pharos-network-raises-44m-to-push-institutional-rwas-onchain\/","title":{"rendered":"Pharos Network raises $44M to push institutional RWAs onchain"},"content":{"rendered":"<p><\/p>\n<div class=\"post-detail__content blocks\">\n<p>Pharos Network raises $44m to build institutional RWA rails across Asia and beyond, pushing its EVM Layer 1 toward a near\u2011$1b valuation.<\/p>\n<div id=\"cn-block-summary-block_a9e1a00811e2d6b9e3176619771fb7cd\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>Pharos Network closes a $44 million Series A, lifting total funding to $52 million.<\/li>\n<li>Asian institutions and strategic corporates back its RWA-focused Layer 1.<\/li>\n<li>Funds will scale infrastructure in Asia and globally ahead of its public testnet.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>Layer 1 blockchain Pharos Network has raised $44 million in a Series A round to build institutional-grade infrastructure for tokenized real-world assets (RWAs), bringing its total funding to $52 million after an $8 million seed round in November 2024. <\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<p>The EVM-compatible chain, which targets regulated finance and large asset managers, plans to use the capital to expand RWA rails across Asia and key global markets, with a public testnet launch scheduled for May 2025. <\/p>\n<p>The latest round follows a strategic deal that valued Pharos at roughly $950 million after Hong Kong\u2013listed GCL New Energy subscribed about $24.7 million in equity.<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\">\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Thrilled to announce the $44M Series A to scale the onchain economy \u2693<\/p>\n<p>Backed by Sumitomo Corporation&#8217;s CVC arm, <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/twitter.com\/snzholding?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">@snzholding<\/a>, <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/twitter.com\/chainlink?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">@chainlink<\/a>, <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/twitter.com\/FlowTraders?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">@FlowTraders<\/a>, and some of the undisclosed giants in global finance \ud83c\udfdb\ufe0f<\/p>\n<p>Pharos is building the financial-grade infrastructure to bridge TradFi\u2026 <a rel=\"nofollow\" target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/t.co\/3M5zlBWHaQ\">pic.twitter.com\/3M5zlBWHaQ<\/a><\/p>\n<p>\u2014 Pharos | Mainnet Soon (@pharos_network) <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/twitter.com\/pharos_network\/status\/2041850490078818490?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">April 8, 2026<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n<p>Backers in the fresh raise include Asian private equity funds, renewable energy firms listed in Hong Kong, regulated financial institutions from the city, a subsidiary of Japan\u2019s Sumitomo Corporation, crypto-native investor SNZ Holding, oracle provider Chainlink, and trading firm Flow Traders, underscoring the project\u2019s bid to sit at the junction of traditional finance and DeFi. <\/p>\n<p>Pharos positions itself as \u201ca high\u2011throughput, EVM\u2011compatible Layer\u20111 blockchain built to connect TradFi, DeFi, and real\u2011world assets,\u201d aiming to \u201cbridge over $50 trillion in RWAs and cross\u2011chain capital into a modular, on\u2011chain economy at internet scale,\u201d as the team describes in its technical materials.<\/p>\n<h1 class=\"wp-block-heading\" id=\"pharos-rwa-play-in-context\">Pharos\u2019 RWA play in context<\/h1>\n<p>Pharos has spent the past year stitching together an institutional RWA stack that goes beyond this funding round. In February, it launched the RealFi Alliance with partners including Chainlink and Centrifuge to \u201cstandardize the development of RWA infrastructure for institutional players\u201d and close what it calls the \u201ctrust gap\u201d around onchain asset data. The network has also announced a partnership with Centrifuge to distribute tokenized U.S. Treasuries and AAA-rated credit products onchain, positioning Pharos as a liquidity and distribution layer for assets such as JTRSY and JAAA.<\/p>\n<p>The raise lands as tokenized real-world assets accelerate, with sector reports projecting RWA outstanding to approach $60 billion in 2026 amid growing interest from banks and asset managers. In March alone, crypto startups secured more than $4.28 billion across 129 funding rounds, signaling that capital is still flowing aggressively into infrastructure plays despite volatile token markets. Against that backdrop, Pharos\u2019 near\u2011$1 billion valuation and $52 million war chest place it among the more heavily funded RWA\u2011focused Layer 1s, as it races to convert institutional interest into actual onchain issuance and secondary liquidity.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Pharos Network raises $44m to build institutional RWA rails across Asia and beyond, pushing its EVM Layer 1 toward a near\u2011$1b valuation. Summary Pharos Network closes a $44 million Series&hellip;<\/p>\n","protected":false},"author":1,"featured_media":4798,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-25381","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/25381","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=25381"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/25381\/revisions"}],"predecessor-version":[{"id":25382,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/25381\/revisions\/25382"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/4798"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=25381"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=25381"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=25381"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}