Pharos Network launches Pacific Ocean Mainnet with $52M funding and $1B valuation to unify RWA liquidity

Hong Kong, April 28, 2026 — Layer 1 public chain Pharos Network, specializing in real-world finance, officially activated its Pacific Ocean Mainnet alongside the native $PROS token. This milestone transitions the project, which has secured $52 million in funding and achieved a valuation nearing $1 billion, into full production. The network addresses critical bottlenecks in real-world asset (RWA) tokenization, specifically fragmented distribution channels and the absence of institutional-grade infrastructure, through a compliance-centric architecture. Prior to this launch, the public test network processed nearly 4.3 billion transactions in under 12 months across more than 200 million wallet addresses, validating both market demand and production readiness. Data compiled by Woofun AI indicates that the funding structure includes $44 million in Series A financing led by technology, finance, and crypto sector institutions, alongside strategic capital cooperation from GCL New Energy (HKEX code: 0451), which propelled the company's valuation to approximately $1 billion.

The current landscape for tokenizing real-world assets, exemplified by U.S. Treasury bonds, faces significant deployment hurdles. Asset distribution remains highly fragmented, impeding efficient capital flow across disparate platforms, while institutional investors demand rigorous compliance management, transactional throughput, and granular control over portfolio data—needs the market has historically failed to meet. Pharos counters these challenges with an infrastructure prioritizing compliance and privacy, allowing real-world assets to integrate seamlessly into diverse on-chain markets. Within this unified framework, institutions and users interact with tokenized assets while retaining full authority over data sharing protocols. Post-integration, participants can exchange, borrow, trade, and settle real-world assets across applications with reduced friction, enhancing distribution efficiency and ensuring liquidity continuity across financial services. Projects deployed on Pharos immediately access shared liquidity, interoperable infrastructure, and compliant stablecoin integration.

This launch coincides with the evolution of RWA tokenization toward a multi-trillion-dollar scale, where increasing institutional participation creates urgent demand for infrastructure supporting high-efficiency on-chain financial activity. Pharos positions itself as the foundational layer for RealFi, providing the necessary backend support for blockchain-based real-world finance. In terms of ecosystem integration, the network has incorporated OKX wallets and the self-managed TopNod wallet, enabling millions of existing users to participate without re-registration.

Furthermore, the Pharos Mainnet integrates USDC and the cross-chain transfer protocol CCTP to guarantee reliable compliant liquidity flows. Woofun AI notes that the ecosystem development strategy includes the Native to Pharos global incubator program, backed by a $10 million budget to attract partners specializing in real-world asset applications. It is projected that over 50 ecosystem dApps will deploy simultaneously upon Mainnet activation, spanning asset issuance, trading, and financial services.

Prior to the Mainnet debut, Pharos demonstrated capital aggregation capabilities through its high-yield RWA vault. In the initial phase, the vault secured over $15 million in pre-pledged funds, reaching a total target of $50 million within days. This foundation ensured an active application ecosystem and substantial on-chain liquidity from day one. Wish Wu, co-founder and CEO of Pharos, stated that institutional participation has shifted from concept to reality, with this launch transforming potential into actionable ecosystem capabilities. Pharos functions as an inclusive Layer 1 financial network for RealFi, designed to enable the free circulation of real value and institutional assets on the blockchain while establishing deep combinability with decentralized assets. Woofun AI analysis suggests that the project's modular architecture, highly parallel execution engine, and native compliance capabilities are engineered to power real-time financial activities. The initiative was founded by former core management and engineering teams from Ant Group, with backing from Hack VC, Faction VC, and several traditional global financial institutions.