Layer 1 blockchain Pharos Network completes $44 million Series A financing, with participation from SNZ Holding and others
By: www.chaincatcher.com|2026/04/08 12:45:47
0
Share
Prefer us on Google
According to official news, the Layer 1 blockchain network Pharos Network, aimed at institutional-level financial scenarios, announced the completion of a $44 million Series A financing round, led by several undisclosed top institutions, including Asian private equity funds, new energy listed companies, and compliant financial institutions in Hong Kong. Participating investors include Sumitomo Corporation's subsidiary, crypto-native institution SNZ Holding, Chainlink, and Flow Traders. The funds will be used to accelerate the construction of on-chain real-world asset (RWA) infrastructure in Asia and globally.
Before this financing round, Pharos had completed an $8 million seed round in November 2024, led by Lightspeed Faction and Hack VC, with other investors participating, bringing the total financing amount to $52 million. The Pharos testnet will go live in May 2025, allowing developers to build and test applications on the platform.
-- Price
--
--
--
This content is provided for general informational purposes only and doesn't constitute financial, investment, legal, or tax advice. Any events, rewards, online promotions, or related information mentioned herein should not be considered a recommendation, solicitation, or invitation to purchase, sell, trade, or otherwise deal in any crypto assets. Crypto assets are highly volatile and may result in loss. The availability of WEEX services, products, and related events may vary by region. You are responsible for ensuring that your participation is in accordance with applicable local laws and regulations.
You may also like
Balchunas Analyzes Positive Patterns in BlackRock Bitcoin ETF
$638 Billion in Remaining Obligations Increases AI Credit Burden
Investment in AI infrastructure is shifting from expectations of growth in tech stocks to a phase where long-term contracts and credit burdens are being considered together. Oracle's Remaining Performance Obligations (RPO) surge, OpenAI's long-term computing agreements, and data center power contrac...
Grayscale's Interpretation of Zcash: How Much is Financial Privacy Worth in the Age of AI?
HyperEVM Records Daily Fees of $538,100
HyperEVM, the Ethereum Virtual Machine-compatible execution environment of the HyperLiquid (HYPE) ecosystem, recorded a daily fee revenue of $538,100 (approximately 74.5 million KRW) on August 23.
Can Bitcoin Redefine Ownership?
![[Market Update] KOSPI Drops 3.12% Amid 8.7% Decline in Samsung Electronics, Bitcoin Holds at $76,000](/public-static/19_79f5ad314d.png?format=avif)
[Market Update] KOSPI Drops 3.12% Amid 8.7% Decline in Samsung Electronics, Bitcoin Holds at $76,000
What Should We Pay Attention to This Time Based on Early Experiences from Historical Bull Market Cycles?
20-Year Treasury Yield at 5.20%, Risks in Cash Flow for Loan Purchases
The long-term U.S. Treasury yield remains in the 5% range, reviving discussions on arbitrage strategies that involve borrowing at low rates to purchase higher-yielding assets. However, focusing solely on nominal yields can overlook cash flow and exchange rate risks.
India Increases Russian Oil Imports to Record 2.6 Million Barrels per Day
Metaplanet CEO Believes AI Will Increase Bitcoin Value by Reducing Copying Costs
2-6% of Foreign Aid Estimated to Be Laundered Through Bitcoin
A study has revealed that some of the World Bank's foreign aid may have been laundered through Bitcoin (BTC). An analysis of 328 World Bank aid projects totaling $238 billion executed in 93 countries from 2018 to 2024...
The Standard Reserve's On-Chain Currency Experiment: What New Tricks Are They Playing?
Bitcoin Rises 23%, Strengthens Alongside Gold
Bitcoin (BTC) has surged alongside gold following the U.S. Treasury's expansion of its long-term bond buyback program, re-entering discussions around the 'debasement trade'. The weakening dollar and long-term interest rate concerns...
Auto Insurance Loss Ratio at 84.3%, Reflecting Flood Damage in August
![[Economic Analysis] The Chicken Game Between Besant and the Bond Market... Will the Fed Step In?](/public-static/15_8b3431959d.png?format=avif)
[Economic Analysis] The Chicken Game Between Besant and the Bond Market... Will the Fed Step In?
The U.S. Treasury has made a bold move to calm the soaring long-term Treasury bond yields. The Treasury announced that it would more than double the size of its buyback of long-term bonds maturing in 10 to 30 years, increasing it from a maximum of $2 billion per session to at least $4 billion.
Tron Accounts Exceed 400 Million
The total number of accounts on the Tron (TRX) network has surpassed 400 million. The expansion of cumulative accounts indicates network growth but may not directly reflect the actual number of users or increased demand for payments and remittances.
$2.6 Billion ETF Inflow: A Different Story from Direct Usage
From August 17 to 21, a total of $2.6104 billion flowed into U.S. spot Bitcoin (BTC) and Ethereum (ETH) ETFs. While funds are returning, it is difficult to say that the number of users directly using wallets on-chain has returned at the same pace.
Wall Street Morning Briefing: Iran Sanctions Details to be Announced Tonight, Nvidia Server Prices Expected to Rise, Tesla Surges Over 5% Leading the Seven Giants
U.S. Treasuries, Yen, and Trade Risks Intertwined: Global Financial Conditions Face New Challenges
Increase in Reserves by 10 Trillion Won, Surplus in Short-Term Funds Expected on the 24th
On the 24th, the domestic short-term money market is expected to see reserves turn into a surplus due to inflows from fiscal measures and early redemption of government bonds. The total increase in reserves is estimated at 10 trillion won, while the decrease factors...
Seoul Foreign Exchange Market: MAR Trading at Zero Before 9 AM, NDF Fixing Neutral
Before 9 AM on the 24th, the MAR (Market Average Rate) quotes in the Seoul foreign exchange market traded at a level of zero (0). The Non-Deliverable Forward (NDF) fixing positions were also recorded as square, indicating that the volume processed before the market opening...
$668 Million Stablecoin Inflow Marks Third Highest Weekly Record
Cloud with AI: Why migrating without a strategy has become costly?
Iran Advances Possibility of Imposing Transit Fees in Hormuz Strait
Iran's parliament has progressed to the final approval stage for a provision that would allow the imposition of transit fees on vessels passing through the Strait of Hormuz. The issue of transit fees has resurfaced in negotiations between Iran and Oman regarding this critical route for energy and ma...
Vascular health in middle age could add 12.6 years without dementia
A follow-up study of 12,409 adults in the United States found that the accumulation of hypertension, diabetes, and smoking during middle age is associated with more dementia, higher mortality, and up to 12.6 fewer years of life without dementia.
Delays in Germanium Customs Pressure Delivery Times for Taiwanese Equipment
Delays in the customs clearance of germanium and quartz-based materials from China are putting pressure on the delivery timelines of Taiwan's optical, aerospace, and semiconductor equipment industries. The disruption is affecting the procurement of upstream materials and precision components.
As foreign investors dump $29 billion in Treasury bills, Washington pivots to stablecoin issuers to back US debt
Foreign investors sold $29B of US Treasury bills in June as Washington builds stablecoin rules that could create a new source of demand.
Supermicro Denies Executive Knowledge of Chip Diversion
Supermicro ($SMCI) has released the results of an independent investigation that found no evidence that current executives were involved in or aware of the allegations regarding the diversion of servers equipped with NVIDIA ($NVDA) chips to China.
Bitfinex: Bitcoin's Recent Bounce Driven by Spot Demand and Short Covering
SK Hynix and Samsung's Shareholder Return Plans Questioned, Micron and SanDisk Propose 100% Return of Excess Cash
Balchunas Analyzes Positive Patterns in BlackRock Bitcoin ETF
$638 Billion in Remaining Obligations Increases AI Credit Burden
Investment in AI infrastructure is shifting from expectations of growth in tech stocks to a phase where long-term contracts and credit burdens are being considered together. Oracle's Remaining Performance Obligations (RPO) surge, OpenAI's long-term computing agreements, and data center power contrac...
Grayscale's Interpretation of Zcash: How Much is Financial Privacy Worth in the Age of AI?
HyperEVM Records Daily Fees of $538,100
HyperEVM, the Ethereum Virtual Machine-compatible execution environment of the HyperLiquid (HYPE) ecosystem, recorded a daily fee revenue of $538,100 (approximately 74.5 million KRW) on August 23.
Can Bitcoin Redefine Ownership?
[Market Update] KOSPI Drops 3.12% Amid 8.7% Decline in Samsung Electronics, Bitcoin Holds at $76,000
...
Contents
Latest articles
08/24/2026
08/24/2026
08/24/2026
Latest coin listings on WEEX
Customer Support:@weikecs
Business Cooperation:@weikecs
Quant Trading & MM:bd@weex.com
VIP Program:support@weex.com
