Pharos, a financial-grade asset-native Layer 1 blockchain, announced a $44 million Series A funding round on April 8, 2026. Sumitomo Corporation’s CVC arm SNZ Holding invested in Pharos, along with Chainlink, Flow Traders, and undisclosed global finance entities. Pharos builds infrastructure to bridge traditional finance (TradFi) and decentralized finance (DeFi) at global scale. The company targets the $50 trillion real-world asset (RWA) and TradFi market through deep-parallel execution architecture with native compliance for real-time institutional applications.
Funding Overview
Pharos closed its Series A round on April 8, 2026, raising $44 million. SNZ Holding, Chainlink, and Flow Traders led the investment, with additional participation from undisclosed global finance investors. The funds will scale the onchain economy. Pharos’ AtlanticOcean Testnet has onboarded millions of users and millions of unique addresses ahead of mainnet launch, as broader market activity continues with developments such as INXY Raises $7M, reflecting sustained investor interest in blockchain infrastructure.
About the Company
Pharos develops a financial-grade, asset-native Layer 1 blockchain. It features deep-parallel execution architecture and native compliance to enable high-frequency, high-value financial flows at internet scale. Pharos aims to bridge the $50 trillion RWA and TradFi market. A strategic partnership with energy giant GCL New Energy supports solar-backed RWAs on the AtlanticOcean Testnet.
Key facts:
- Mission: Support real-time institutional applications.
- Testnet status: Millions of users and unique addresses active.
- Ecosystem resources: docs.pharos.xyz, pharos.xyz/ecosystem.
Investors
- SNZ Holding (Sumitomo Corporation’s CVC arm) invested in Pharos’ Series A.
- Chainlink
- Flow Traders
Funding History
Pharos has raised funds across multiple rounds prior to Series A.
- Series A (April 8, 2026): $44M from SNZ Holding, Chainlink, Flow Traders, and undisclosed investors.
- Undisclosed (March 13, 2026): Amount not available; GCL New Energy invested.
- Strategic (September 1, 2025): Amount not available; Yunfeng Financial invested.
- Seed (November 8, 2024): $8M from Hack VC, Faction (lead), MH Ventures, SNZ Holding, Generative Ventures, Hash Global, and one additional investor.
SNZ Holding participated in both the Seed and Series A rounds.
Market Context
Pharos focuses on integrating TradFi with DeFi through RWA tokenization and compliant blockchain infrastructure. The AtlanticOcean Testnet demonstrates scalability with millions of users and addresses. GCL New Energy partnered with Pharos on solar-backed RWAs, validating institutional use cases.
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