BroadChain News, April 28 - Pharos Network, a Layer 1 blockchain focused on RealFi (Real World Finance), officially launched its "Pacific" mainnet and native token $PROS on April 28. The project has raised $52 million to date, with a valuation close to $1 billion, marking its full entry into the production phase. Through a compliance-first architecture, Pharos aims to address core challenges in RWA tokenization, including fragmented distribution channels and a lack of institutional-grade infrastructure.
Prior to launch, the Pharos public testnet processed nearly 4.3 billion transactions in less than a year, covering over 200 million wallet addresses, demonstrating strong early market demand and production-ready maturity. In terms of funding, Pharos raised a total of $52 million, with $44 million from a Series A round co-led by multiple traditional technology, finance, and crypto institutions. Hong Kong-listed company GCL New Energy (HKEX: 0451) also supported its valuation close to $1 billion through strategic capital cooperation.
While RWA tokenization (e.g., US Treasury bonds) is advancing rapidly, large-scale deployment still faces two major obstacles: asset distribution channels are highly isolated, hindering cross-platform capital flow; and institutional investors require higher standards for compliance management, trading, and portfolio data control, but the market has long lacked infrastructure to meet these needs. Pharos has built a compliance-first, privacy-preserving infrastructure that enables RWAs to seamlessly access multiple on-chain markets. Users can interact with tokenized assets within a unified framework while retaining full autonomy over data sharing. After integration, users can smoothly exchange, lend, trade, and settle RWAs across applications, reducing friction, improving distribution efficiency, and enabling efficient liquidity flow among financial applications.
Wish Wu, Co-founder and CEO of Pharos, stated: "Institutional adoption was once just a vision, but it has now become a reality. Today's mainnet launch transforms this momentum into actionable capabilities for the entire ecosystem." In terms of ecosystem integration, Pharos has integrated OKX Wallet and self-custody wallet TopNod, allowing millions of existing users to participate without re-registering. Additionally, the mainnet will integrate USDC and the Cross-Chain Transfer Protocol (CCTP) to ensure reliable, compliant liquidity transfers. To promote ecosystem development, Pharos has launched a $10 million global incubation program, "Native to Pharos," to attract a growing number of RWA application partners. At mainnet launch, over 50 ecosystem dApps are expected to be deployed simultaneously, covering asset issuance, trading, and financial services. Prior to launch, Pharos demonstrated early capital aggregation capabilities through its high-yield RWA vault: the first phase raised over $15 million in pre-staking commitments, and a $50 million allocation was fully subscribed within days.