Pharos Raises $44 Million at $1 Billion Valuation for Regulated Asset Network

Pharos Network raised $44 million in Series A funding led by Sumitomo Corporation's venture arm, SNZ Holding, Chainlink, and Flow Traders, following an earlier $8 million seed round and achieving a $1 billion valuation from GCL New Energy's recent investment. The layer 1 blockchain focuses on tokenized real-world assets, targeting a $50 trillion market opportunity with infrastructure designed for regulated financial activity including parallel processing, compliance features, audit trails, and identity verification. Total real-world assets onchain grew from $14 billion to $24.3 billion in early 2026 as institutional interest increases in tokenizing bonds, energy projects, and private credit. Pharos plans to launch its mainnet soon after running a testnet with millions of users, and has partnered with energy firm GCL on solar-backed asset tokenization.

Pharos Network's $44 Million Series A Funding Round

• ▪Pharos Network is a layer 1 blockchain focused on tokenized real-world assets.
• ▪Pharos Network was valued at approximately $1 billion following a recent investment from GCL New Energy.
• ▪Pharos Network previously raised $8 million in a seed funding round co-led by Lightspeed Faction and Hack VC.
• ▪Pharos Network raised $44 million in a Series A funding round.
• ▪Pharos Network's Series A funding round was led by Sumitomo Corporation's venture arm, SNZ Holding, Chainlink, and Flow Traders.

Asset-Native Blockchain Infrastructure and Compliance Features

• ▪Pharos Network has a partnership with energy firm GCL tied to solar-backed assets.
• ▪Pharos Network is building an asset-native network designed to handle regulated financial activity at scale.
• ▪Pharos Network's mainnet is expected to debut in the near future.
• ▪Pharos Network's testnet includes millions of users and unique addresses.
• ▪Pharos Network includes compliance features aimed at institutions that need audit trails and identity checks.
• ▪Pharos Network's system uses parallel processing to support large volumes of transactions.

Real-World Asset Tokenization Market Growth and Adoption

• ▪Total real-world assets onchain increased from $14 billion at the beginning of 2026 to $24.3 billion.
• ▪Total real-world assets onchain reached $24.3 billion as of April 2026.
• ▪Pharos Network targets a real-world asset tokenization market valued at $50 trillion.

Perspective of Pharos Network

• ▪Pharos Network's architecture is designed specifically to meet institutional compliance requirements that existing blockchains cannot adequately address.
• ▪Pharos Network views the $50 trillion real-world asset market as accessible through blockchain infrastructure that prioritizes regulatory compatibility.

Perspective of Traditional financial institutions and corporate investors

• ▪Sumitomo Corporation's venture investment in Pharos Network reflects traditional corporations seeking blockchain exposure through regulated infrastructure.
• ▪GCL New Energy's partnership with Pharos Network demonstrates energy sector interest in tokenizing physical assets like solar projects on blockchain.

Perspective of Blockchain infrastructure protocols

• ▪Chainlink's co-leading investment in Pharos Network suggests oracle providers see regulated asset chains as requiring external data connectivity services.
• ▪Blockchain protocols are positioning themselves as essential middleware for connecting traditional financial assets to specialized layer 1 networks.

1 source