Pharos Network Completes $44 Million Series A Funding, Total Funding Reaches $52 Million, Accelerating the Scalable Development of the On-Chain Economy

marsbitPublicado em 2026-04-08Última atualização em 2026-04-08

Resumo

Pharos Network, a Layer 1 blockchain designed for institutional financial applications, has raised $44 million in Series A funding, bringing its total funding to $52 million. The round was co-led by undisclosed major institutions, including a top Asian private equity fund, a listed new energy company, and a licensed Hong Kong institution. Other strategic investors include Sumitomo Corporation (via a subsidiary), SNZ, Chainlink, and Flow Traders. The funds will accelerate the development of its on-chain real-world asset (RWA) infrastructure in Asia and globally. Pharos aims to integrate $50 trillion in RWA, traditional finance (TradFi), and cross-chain capital into a modular on-chain economy. The network uses a deeply parallel execution architecture with built-in compliance modules tailored for real-time, asset-backed financial applications. The company recently partnered with energy giant GCL to launch an RWA pilot project backed by energy assets. Its Atlantic Ocean testnet is already operational, supporting millions of users and hundreds of millions of addresses, demonstrating its capacity for high-frequency, high-value asset transfers in preparation for mainnet launch. Pharos was co-founded by ex-Ant Group core management, including CEO Wish Wu, and previously raised an $8 million seed round in November 2024.

Hong Kong, April 8, 2026 — Pharos Network, a Layer 1 blockchain network for institutional financial scenarios, today announced the completion of a $44 million Series A funding round. The funds will be used to accelerate the construction of on-chain real-world asset (RWA) infrastructure in Asia and globally.
This round was co-led by several undisclosed leading institutions, including top Asian private equity funds, listed new energy companies, and compliant financial institutions in Hong Kong. Other strategic investors include: traditional industry leaders such as the world's top 500 comprehensive enterprise group Sumitomo Corporation investing through its subsidiaries, as well as crypto-native institutions like SNZ, Chainlink, and Flow Traders, further bridging the connection between real assets and on-chain liquidity.
Pharos is a financial-grade, asset-native Layer 1 network aimed at integrating $50 trillion in real-world assets (RWA), traditional finance (TradFi), and cross-chain capital into a modular on-chain economic system, achieving internet-scale performance. The network employs a deeply parallel execution architecture with built-in compliance modules, specifically designed for real-time, asset-backed financial applications.
"This funding round will drive RealFi (Real Finance) from concept to implementation," said Wish Wu, co-founder and CEO of Pharos Network. "We are defining how institutional capital, risk governance, and on-chain infrastructure can synergize on a financial-grade Layer 1. With the support of strategic partners, we are committed to creating an environment where real-world assets can operate at an institutional-grade reliability and scale. Leveraging our strategic partners, we aim to build an environment where real-world assets can run at an institutional level of reliability and on a large scale."
Prior to this, Pharos has rapidly advanced its ecosystem expansion. It recently entered into a strategic capital partnership with global solar and energy storage giant GCL Group to jointly launch an RWA pilot project backed by energy assets.
Currently, Pharos Network has launched the Atlantic Ocean testnet, which fully demonstrates mainnet-level performance and ecosystem readiness. The testnet has already onboarded millions of users and hundreds of millions of unique addresses, validating its ability to handle high-frequency, high-value asset transfers and preparing for the mainnet launch.

About Pharos Network
Pharos Network is an inclusive Layer 1 blockchain built for RealFi (Real Finance), dedicated to enabling the free flow of real value and institutional-grade assets on-chain, with global composability alongside decentralized assets. Pharos combines a modular architecture, a deeply parallel execution engine, and built-in compliance modules to drive asset-native ecosystem development.
The team was initiated by former core management members of Ant Group, led by CEO Wish Wu, with core members hailing from Ant Group, Microsoft Research, and Stanford University, possessing deep expertise in blockchain infrastructure, formal verification, and zero-knowledge proof systems. This team previously led the infrastructure development for Alipay and Asia's largest blockchain platform.
Prior to this Series A round, Pharos completed an $8 million seed funding round in November 2024, led by Lightspeed Faction and Hack VC, with participation from other investors, bringing the total funding to $52 million. The Pharos testnet went live in May 2025, allowing developers to build and test applications on the platform.

Criptomoedas em alta

CitreaCTR

wrapped stUSDTWSTUSDT

Velodrome FinanceVELODROME

BrevisBREV

ZRX（0X）ZRX

PancakeSwapCAKE

Perguntas relacionadas

QWhat is the total amount of funding raised by Pharos Network to date, and what was the amount raised in its Series A round?

APharos Network has raised a total of $52 million to date. The Series A round raised $44 million.

QWhat is the primary goal of the Pharos Network Layer 1 blockchain?

AThe primary goal of Pharos Network is to integrate $50 trillion of real-world assets (RWA), traditional finance (TradFi), and cross-chain capital into a modular on-chain economy, aiming for internet-level scale.

QWho were some of the strategic investors mentioned in the Series A funding round?

AStrategic investors included a world top 500 comprehensive enterprise group Sumitomo Corporation (via its subsidiary), as well as crypto-native institutions SNZ, Chainlink, and Flow Traders.

QWhat recent strategic capital partnership did Pharos Network announce, and what type of RWA project did it initiate?

APharos Network announced a strategic capital partnership with global solar and energy storage giant GCL Group to jointly launch an RWA pilot project backed by energy assets.

QWhat is the name of the testnet that Pharos Network has launched, and what has it demonstrated?

AThe testnet is called Atlantic Ocean. It has demonstrated mainnet-level performance and ecosystem readiness, handling millions of users and hundreds of millions of independent addresses to validate its capability for high-frequency, high-value asset transfers.

Leituras Relacionadas

Who Decides the Rules of Bitcoin? BIP-110 Ignites Governance Debate

Bitcoin's governance is once again at the center of a heated debate, this time ignited by BIP-110, the "Reduced Data Temporary Softfork." This proposal aims to curb non-monetary data (like inscriptions and Runes) by introducing seven new consensus-layer restrictions over a year, such as limiting new output scripts to 34 bytes and restoring the OP_RETURN cap to 83 bytes. The controversy stems from BIP-110's fundamental shift: it moves the battle against "spam" from node relay and miner policies to the consensus layer, rendering currently valid transactions invalid. Supporters, arguing that default policy governance has failed (highlighted by Bitcoin Core v30's relaxation of OP_RETURN limits), see this as necessary to protect node resources and Bitcoin's monetary focus. Opponents, led by figures like Michael Saylor and Adam Back, warn it dangerously centralizes governance. Saylor listed 110 reasons against it, criticizing its low 55% miner activation threshold and potential for chain splits. Back emphasized Bitcoin's "permissionless" ethos, arguing no single group should impose value judgments via consensus rules. Further complicating matters, technical critiques suggest BIP-110 may be technically circumventable, and a "BlockSlop" vulnerability in its upgrade path poses a consensus risk. The debate has drawn in diverse stakeholders: miners (with pools like Ocean signaling support and Foundry polling clients), node operators (like Bitcoin Knots), and new players like corporate treasury holder MicroStrategy (Saylor), whose market influence adds a novel dimension. Ultimately, BIP-110 acts as a governance stress test, exposing the unresolved question: who decides Bitcoin's rules? It pits the authority of miners, node operators, developers, and capital holders against each other, with each side claiming to defend Bitcoin's core principles of neutrality and security.

marsbitHá 17m

Who Decides the Rules of Bitcoin? BIP-110 Ignites Governance Debate

marsbitHá 17m

Who Decides Bitcoin's Rules? BIP-110 Ignites Governance Debate

Title: Who Decides Bitcoin's Rules? BIP-110 Ignites Governance Debate A new technical proposal, BIP-110 (Reduced Data Temporary Softfork), has sparked a fundamental governance debate within the Bitcoin community. It aims to impose new consensus rules for one year to limit non-financial data (like inscriptions and Runes) on-chain, moving beyond simple node and miner policy filters to invalidate currently valid transactions. Supporters argue that default policies have failed due to workarounds, necessitating consensus-layer changes to protect Bitcoin's core monetary function from data spam. Critics, including Michael Saylor and Adam Back, contend this dangerously centralizes judgment, undermines permissionlessness, and sets a risky governance precedent. They advocate for market-based solutions like fees or Layer 2s instead. The debate exposes deeper tensions: miners are divided on activation; node operators assert their sovereignty; Bitcoin Core developers influence defaults without direct accountability; and large corporate holders like MicroStrategy now wield narrative influence. Technically, BIP-110 may not fully block data and carries a disclosed consensus bug risk. Ultimately, BIP-110 acts as a stress test, forcing the community to confront the unresolved question: who legitimately decides what Bitcoin is and how it evolves, amidst competing claims from miners, nodes, developers, and capital holders.

链捕手Há 29m

Mysterious Whale Bets $2.5 Billion on BTC Surpassing $72,000 by August, $70,000 Mark Becomes Key

An anonymous trader executed a large bullish spread on Deribit, buying 20,000 Bitcoin call options with a $70,000 strike price and simultaneously selling 20,000 calls with a $72,000 strike. The trade, with a notional value of $2.5 billion, expires on July 31st—just two days after the upcoming Federal Reserve policy meeting. This structure positions for Bitcoin's price to rise above $70,000 by expiry, capping gains at $72,000. Bitcoin currently trades around $64,289, requiring a roughly 9% surge to reach the lower strike. The trade faces immediate obstacles, including key on-chain resistance near $69,000 and volatile inflows into U.S. spot Bitcoin ETFs, which have seen recent large daily outflows. Market predictions provide contrasting context, with some institutional analyses setting short-term support levels as low as $58,000-$59,000, while others maintain long-term bullish year-end targets. The outcome hinges on whether post-Fed demand can overcome these technical and ETF flow hurdles within the trade's brief 10-day window.

marsbitHá 34m

Mysterious Whale Bets $2.5 Billion on BTC Surpassing $72,000 by August, $70,000 Mark Becomes Key

marsbitHá 34m

Zcash's New Node Zakura Goes Live: Privacy Payments Can Reach 50,000 TPS, Aiming to Rival Visa and Mastercard

Zcash, a privacy-focused cryptocurrency, has launched a new full node software called Zakura version 1.0.0. Developed by Zcash co-founder Sean Bowe and Dev Ojha, with private ZEC donations, its goal is to enable Zcash to process over 50,000 transactions per second (TPS)—matching the scale of Visa and Mastercard—while maintaining full transaction privacy and verifiability. This addresses a key bottleneck, as Zcash currently handles only about 1 private transaction per second. Zakura is a fork of the Zcash Foundation's Zebra node. It features chain pruning and snapshots, reducing disk usage and allowing new nodes to sync in under two minutes. It also offers compatibility with the legacy `zcashd` client interface. The scalability challenge stems from the large data size of privacy proofs. Bowe's Tachyon project aims to use recursive proofs to reduce consensus-layer data needs from ~500 MB/s to ~100 MB/s. For wallet scalability, Valar Group is researching Private Information Retrieval (PIR) tech to allow wallets to fetch their data privately. Zakura supports fast block propagation and the upcoming "Ironwood" network upgrade (NU6.3), scheduled for activation around July 28th. Ironwood was created to contain a critical inflation bug discovered in the Orchard shielded pool in May 2024. The fix uses "turnstiles" to trap any counterfeit ZEC created during the vulnerability period within the shielded pool, preventing it from entering circulation and restoring supply integrity.

marsbitHá 44m

Zcash's New Node Zakura Goes Live: Privacy Payments Can Reach 50,000 TPS, Aiming to Rival Visa and Mastercard

marsbitHá 44m

Replicating the "DeepSeek Moment"? Wall Street Unanimously Says: Kimi K3 Instead Strengthens Computing Power Demand

Title: Wall Street Sees Kimi K3 as a Catalyst for Compute Demand, Not a "DeepSeek Moment 2.0" Summary: Following the release of Moonshot AI's powerful open-source model Kimi K3, initial market reaction mirrored the "DeepSeek moment" that sparked a sell-off in compute stocks earlier in 2025, fearing reduced demand for AI infrastructure. However, major Wall Street banks including UBS, Nomura, BofA, and Citi argue the opposite: K3 will accelerate, not weaken, demand for compute, memory, storage, and networking. Their analysis centers on K3's specifications—2.8 trillion parameters, 1M token context, and MoE architecture—which represent a "scale" story rather than a pure "efficiency" one like DeepSeek R1. These features increase pressure on inference, memory (especially KV cache), and storage. Analysts invoke Jevons Paradox: as high-quality models become more affordable (K3 is cheaper than top closed models but not the cheapest), usage and token volumes expand, ultimately increasing total compute consumption. The reports highlight that competition will force leading US AI labs (OpenAI, Anthropic, Google) to invest more in training and iteration to maintain their edge. Furthermore, the rise of capable open-source models like K3 is expanding the global AI developer ecosystem, with Chinese models now accounting for over 45% of developer traffic. Key beneficiaries identified across the AI infrastructure chain include memory/storage players (e.g., Micron, Samsung), compute leaders (Nvidia, TSMC), networking suppliers (due to "super-node" cluster needs for deploying K3), and cloud platforms (e.g., Alibaba) that host diverse model ecosystems. The consensus is that stronger open-source models are an entry point for the next wave of infrastructure demand diffusion, provided workload growth outpaces efficiency gains.

链捕手Há 47m

Replicating the "DeepSeek Moment"? Wall Street Unanimously Says: Kimi K3 Instead Strengthens Computing Power Demand

链捕手Há 47m

Trading

Spot

Artigos em Destaque

Como comprar LAYER

Bem-vindo à HTX.com!Tornámos a compra de Solayer (LAYER) simples e conveniente.Segue o nosso guia passo a passo para iniciar a tua jornada no mundo das criptos.Passo 1: cria a tua conta HTXUtiliza o teu e-mail ou número de telefone para te inscreveres numa conta gratuita na HTX.Desfruta de um processo de inscrição sem complicações e desbloqueia todas as funcionalidades.Obter a minha contaPasso 2: vai para Comprar Cripto e escolhe o teu método de pagamentoCartão de crédito/débito: usa o teu visa ou mastercard para comprar Solayer (LAYER) instantaneamente.Saldo: usa os fundos da tua conta HTX para transacionar sem problemas.Terceiros: adicionamos métodos de pagamento populares, como Google Pay e Apple Pay, para aumentar a conveniência.P2P: transaciona diretamente com outros utilizadores na HTX.Mercado de balcão (OTC): oferecemos serviços personalizados e taxas de câmbio competitivas para os traders.Passo 3: armazena teu Solayer (LAYER)Depois de comprar o teu Solayer (LAYER), armazena-o na tua conta HTX.Alternativamente, podes enviá-lo para outro lugar através de transferência blockchain ou usá-lo para transacionar outras criptomoedas.Passo 4: transaciona Solayer (LAYER)Transaciona facilmente Solayer (LAYER) no mercado à vista da HTX.Acede simplesmente à tua conta, seleciona o teu par de trading, executa as tuas transações e monitoriza em tempo real.Oferecemos uma experiência de fácil utilização tanto para principiantes como para traders experientes.

341 Visualizações TotaisPublicado em {updateTime}Atualizado em 2026.06.02

Discussões

Bem-vindo à Comunidade HTX. Aqui, pode manter-se informado sobre os mais recentes desenvolvimentos da plataforma e obter acesso a análises profissionais de mercado. As opiniões dos utilizadores sobre o preço de LAYER (LAYER) são apresentadas abaixo.