Pharos is building an "asset-native" layer 1 blockchain intended to support tokenized real-world assets such as bonds, energy projects and private credit. The network emphasizes parallel processing and compliance features aimed at handling regulated financial activity at scale. Pharos targets a market it values at $50 trillion and cites growth in on-chain real-world assets, which it noted totalled $24.3 billion. The project reports millions of users and unique addresses on its testnet and has partnerships, including with energy firm GCL for solar-backed assets. Financially, Pharos recently raised $44 million in a Series A and previously raised $8 million in a seed round, and a prior investment from GCL New Energy placed a near-$1 billion valuation on the firm. The company expects to debut its mainnet in the near future.

Total raised

$52M

Funding rounds

3

Latest round

Series A

Latest activity

Apr 2026