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Pharos Network Closes $44M Series A: The Ant Group Veterans Building the Rails to Move $50 Trillion
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This story was originally published on HackerNoon at: https://hackernoon.com/pharos-network-closes-$44m-series-a-the-ant-group-veterans-building-the-rails-to-move-$50-trillion.
Pharos Network raises $52M total to scale RWA infrastructure with Sumitomo, Chainlink, and Hong Kong institutions backing its Layer 1 vision.
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Pharos Network, a financial-grade Layer 1 built by former Ant Group engineers, has closed a $44M Series A bringing total funding to $52M. Backed by Sumitomo Corporation, Chainlink, Flow Traders, and regulated Hong Kong institutions, the network is positioning itself as the settlement infrastructure for the next wave of RWA tokenization, a market analysts project could reach $9.43 trillion by 2030.