Pharos Network’s $44M Fund‑raising: DeFi’s New Chocolate Factory!

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Pharos Network has just pulled a rabbit out of its pocket, juggling a dazzling $44 million in fresh capital to turn a smorgasbord of real-world assets into gleaming on‑chain jewels. The company, ever proud of its spry EVM Layer 1, now eyes a future where the streetwise world’s cash might finally trickle into the ether, all while sipping tea at a valuation nearing one billion dollars.

Quick rundown, no fuss

  • Pharos closes a $44 million Series A, making the total loot a tidy $52 million.
  • Investor menagerie from Asia’s savvy banks to corporate titans now back its RWA‑centric Layer 1.
  • Cash will fuel a monsoon of infrastructure across Asia and beyond, just in time for the public testnet splash in May.

The blockchain, compatible with the familiar Ethereum Virtual Machine, has keyed up its engines to impress ultra‑formal financial institutions and asset managers who need a crystal‑clear bridge between paper and cryptographic realms. The capital wave will help it spread its RWA rails like hot‑made pastries over Asian oceans and beyond. Prepare for a May 2025 testnet debut that promises more drama than a Dahl novella.

Just before this smoky fortune, a secretive deep‑sea deal saw Hong Kong‑listed GCL New Energy dive in with $24.7 million, putting the company’s value at close to $950 million-a number that could rattle even the most cautious of investors.

Thrilled to announce the $44M Series A to scale the onchain economy ⚓

Backed by Sumitomo Corporation’s CVC arm, @snzholding, @chainlink, @FlowTraders, and some of the undisclosed giants in global finance 🏛️

Pharos is building the financial‑grade infrastructure to bridge TradFi…

– Pharos | Mainnet Soon (@pharos_network) April 8, 2026

Those who poured in their fortunes this round crowd the club: Asian private‑equity groups, Hong Kong’s green‑energy stars, regulated financiers from the city, a jewel of Sumitomo’s singleton, SNZ Holding’s crypto‑savvy spirits, Chainlink’s oracle rockstars, and Flow Traders, proving that Pharos wants to be the fête where tradition meets DeFi and the two dance wildly.

Pharos projects itself as “a high‑throughput, EVM‑compatible Layer‑1 runway built to connect TradFi, DeFi, and real‑world assets,” dreaming of bridging a grand $50 trillion in RWAs and ferrying cross‑chain capital into a modular, on‑chain economy at internet scale.

Where Pharos plays the RWA game

Last year, Pharos hatched its RWA fortress with a flourish that would make any Masterchef proud. In February, it unveiled the RealFi Alliance, hand‑picking partners like Chainlink and Centrifuge, to “standardise the development of RWA infrastructure for institutional players” and close the “trust gap” around on‑chain asset data. A recent alliance with Centrifuge promises to pour tokenised U.S. Treasuries and AAA‑rated credit into the network, positioning Pharos as the slick new liquidity layer for treasures like JTRSY and JAAA.

With the rise of tokenised real‑world assets, projections spin a tale of $60 billion in RWA by 2026, a figure that banks and asset managers can’t ignore. In March alone, crypto start‑ups unlocked more than $4.28 billion across 129 funding rounds, a testament that money still finds its way into infrastructure when it relays flavourful promises and sturdy tech. In this whirl, Pharos stands tall, armed with a $52 million war chest and a near‑$1 billion valuation, racing to transform institutional curiosity into live on‑chain issuances and bustling secondary markets.

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2026-04-08 16:20