POPA ReconPharos Network Raises $44M Series A to Scale On-Chain Economy
Pharos Network Raises $44M Series A to Scale On-Chain Economy Financial Layer 1 Pharos Network has secured $44M in a Series A round backed by Sumitomo Corporation’s CVC arm, SNZ Holding, Chainlink, and Flow Traders. About. Pharos is building a financial-grade, asset-native L1 to bridge TradFi and DeFi, targeting the RWA market with infrastructure designed for real-time, institutional-scale applications. The project has already gained traction on testnet and is positioning itself as core infrastructure for high-value on-chain financial flows ahead of mainnet launch. 👉 x.com/pharos_network/s…
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