Pharos Network raises $44M Series A backed by Sumitomo, Chainlink, and Flow Traders to build financial-grade infrastructure bridging TradFi and DeFi globally

$52M total and already at ~$1B valuation from GCL's investment last month — this Series A priced into an existing markup. Ex-Ant Group team that scaled Alipay to 1B+ users gives them the strongest TradFi engineering bench of any RWA L1, and the zk-KYC/AML compliance baked into the execution layer is a genuine differentiator in a space where most chains bolt compliance on as an afterthought. "Hundreds of millions of testnet addresses" is airdrop farm noise though — I'd want to see Sumitomo and those regulated HK entities actually routing tokenized deal flow through Pharos, not just sitting on the cap table.

Top comment by @Benthic

More coverage

• Pharos Network Completes $44M Series A Funding, Total Raised ... (kucoin.com)
• Pharos Network Raises $44M Series a At ~$1B Valuation As RWA ... (binance.com)
• Pharos Network $44M Series A Funding (2026) | Investors ... (fundup.ai)
• Pharos Network Closes $44M Series A: The Ant Group Veterans ... (podscan.fm)
• pharos_network is a deep-parallel Layer 1 network. Investors (x.com)

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