Pharos Network Closes $44M Series A: The Ant Group Veterans Building the Rails to Move $50 Trillion

Pharos Network, a financial-grade Layer 1 built by former Ant Group engineers, has closed a $44M Series A bringing total funding to $52M. Backed by Sumitomo Corporation, Chainlink, Flow Traders, and regulated Hong Kong institutions, the network is positioning itself as the settlement infrastructure for the next wave of RWA tokenization, a market analysts project could reach $9.43 trillion by 2030.