What is Pharos?
Pharos is developing a sophisticated Layer 1 blockchain network engineered to be EVM-compatible, aiming to bridge the gap between traditional Web2 systems and the burgeoning Web3 ecosystem. The platform is architected for scalability, supporting high throughput and parallel execution to facilitate real-time financial applications, the tokenization of assets, and efficient cross-border payments. Key features include compliance-ready modules for identity and regulatory adherence, positioning Pharos as a unified environment for developers and institutions to build and engage with decentralized financial systems, including DeFi and programmable finance at a global scale.
How much funding has Pharos raised?
Pharos has raised a total of $44M across 1 funding round:
Series A
$44M
Series A (2026): $44M with participation from Chainlink, Sumitomo Corporation, SNZ, and Flow Traders
Key Investors in Pharos
Chainlink
Chainlink is a leading decentralized oracle network that provides secure and reliable data feeds for smart contracts, often focusing on the DeFi and enterprise blockchain space.
Sumitomo Corporation
Sumitomo Corporation is a major Japanese integrated trading and business investment company with diverse interests, including technology and infrastructure, suggesting a strategic interest in the foundational aspects of blockchain technology.
SNZ
SNZ Holding is an investment firm focused on the blockchain and decentralized technology sector, actively seeking and supporting promising projects that aim to reshape the future of information technology.
What's next for Pharos?
The recent major strategic investment signifies a pivotal moment for Pharos, likely enabling accelerated development, market expansion, and the enhancement of its compliance-ready features. This enterprise-level backing suggests a focus on institutional adoption and the scaling of its infrastructure to meet the demands of global financial applications and asset tokenization. Pharos is poised to solidify its position in the competitive blockchain infrastructure landscape, driving innovation in decentralized finance and cross-border payment solutions.
See full Pharos company page
