Pharos Valued at $1B After Pacific Ocean Mainnet Launch

Pharos reached a $1 billion valuation after launching its Pacific Ocean mainnet and native PROS token on May 1, 2026. The company closed a $44 million Series A this year and has raised $52 million in total, according to its disclosures. The Series A included a mix of traditional technology and finance investors and coincided with a strategic partnership with Hong Kong-listed GCL New Energy.

Pharos reported that its testnet processed more than 4.3 billion transactions across 209 million wallets during a year of stress testing. The company said the results were part of its preparation for production traffic and to demonstrate capacity for high-throughput financial use cases.

The network is designed to host tokenized real-world assets, or RWAs, and to address fragmentation in that market. Pharos describes a privacy-preserving framework intended to let institutions retain control over sensitive portfolio data while meeting compliance requirements. The framework is built to let participants move, lend and trade tokenized assets on-chain with fewer operational barriers.

Early activity on the mainnet included the pAlpha High Yield RWA Vault, which reached its $50 million capacity within days of opening. Pharos expects more than 50 decentralized applications to deploy at or shortly after launch, covering asset issuance, trading and financial services. To support institutional onboarding, the company launched the RealFi Alliance, a Hong Kong-based $10 million incubator to accelerate asset issuance on the network.

Pharos integrated with existing crypto wallets such as OKX Wallet and Topnod Wallet to enable user access. The network supports USDC and Circle’s Cross-Chain Transfer Protocol (CCTP) natively, which the company says will allow regulated liquidity to enter the platform without additional bridging steps.

GCL New Energy joined as an institutional backer. Pharos materials frame the partnership as part of an effort to bring industrial and institutional capital into on-chain finance and to move tokenized assets out of isolated silos.

According to Wish Wu, founder and CEO of the Pharos Foundation, ‘Institutions entering the ecosystem was once just a theory. Now it is happening.’

Interest in tokenized real-world assets has grown among banks, funds and corporate treasuries, with issuances of tokenized sovereign and corporate debt and commercial real estate increasing on blockchains. Market participants cite legal, privacy and operational hurdles as barriers to scaled deployment. Pharos states its architecture and partner integrations are intended to address those specific frictions.