Pharos Raises $44M Series A as Real-World Asset Tokenization Heats Up
The modular Layer-1 blockchain pulled in $44 million from backers including Chainlink and Flow Traders, adding to a wave of funding for protocols connecting crypto rails to traditional finance.
PharosTL;DR:
- Investors keep betting on RWA tokenization—Pharos is the latest L1 to cash in on TradFi connectivity demand
- The round suggests appetite for high-throughput finance infrastructure hasn't cooled off
- Chainlink and Flow Traders bring oracle and liquidity chops, though there's no disclosed lead or valuation
- Without details on how they'll spend the money or what the company is worth, it's hard to judge execution risk
- Back-to-back raises point to continued buildout of Pharos's three-layer architecture and restaking features
Pharos Pulls in $44M Series A
Pharos, an EVM-compatible modular Layer-1 focused on tokenizing real-world assets and plugging into traditional finance, just closed a $44 million Series A. The April 8, 2026 announcement follows earlier seed funding and lands as more protocols chase the intersection of decentralized infrastructure and real-world financial applications.
The project is built around a three-layer stack (L1-Base, L1-Core, L1-Extension), Special Processing Networks, and native restaking. The pitch: real-time financial applications at scale, with sub-second finality and cross-chain liquidity. The company didn't say how it plans to deploy the new capital.
SNZ Holding, which backed Pharos in its seed round, returned for this one. Chainlink and Flow Traders are new additions—Chainlink brings oracle expertise relevant to RWA data feeds, while Flow Traders adds market-making experience that could help with liquidity goals. Nobody's named as lead investor, which suggests either a flat cap table or strategic ambiguity.
Pharos raised an $8 million seed in November 2024, led by Hack VC and Faction, with participation from Chorus One, MH Ventures, Hash Global, Dispersion Capital, Legend Star, Generative Ventures, Reforge VC, and SNZ Holding. A strategic round with Yunfeng Financial followed in September 2025, and there was another undisclosed round in March 2026. Total raised now sits at $52 million minimum.
| Field | Details | |------------------------|-------------------------------------------------------------------------| | Project | Pharos | | Sector / Category | Layer-1 Blockchain, Real-World Assets (RWA), Modular & DA | | Funding Round | Series A | | Amount Raised | $44 million | | Valuation | Undisclosed | | Lead Investor(s) | Undisclosed | | Notable Participants | SNZ Holding, Chainlink, Flow Traders | | Prior Rounds | Seed ($8 million, 2024); Strategic (undisclosed, 2025); Undisclosed (2026) | | Total Raised to Date | At least $52 million | | Announcement Date | April 8, 2026 | | Disclosure Gaps | Use of funds, valuation, lead investor not specified |
RWA tokenization has become one of the hotter narratives in Web3, and Pharos is positioning itself in that lane with parallel processing and cross-chain features. Chainlink's involvement could mean future oracle integrations for tokenized asset data, but nothing was announced.
- SNZ Holding doubled down after the 2024 seed, suggesting they like what they've seen from the modular architecture
- Chainlink adds credibility on the oracle side, which matters for any protocol handling real-world asset data
- Flow Traders knows high-frequency trading, potentially useful for Pharos's throughput ambitions
- This round came just weeks after undisclosed March 2026 funding—they're raising fast
- No valuation disclosure makes it tough to compare Pharos against other modular L1s
Pharos has gone from seed-stage to attracting a mix of repeat and new backers in a crowded L1 market. The timing works in their favor—blockchain investment has picked up since the 2024 recovery, and protocols with TradFi integration stories are getting attention.
The company hasn't laid out post-funding milestones, so we're left guessing on near-term plans. But $44 million buys runway to keep building out the stack.
Bottom line: Another data point showing investors are willing to pay up for L1s that promise to connect crypto to traditional finance.