Pharos Network has successfully closed an $8 million seed funding round co-led by Hack VC and SNZ Capital, alongside Dispersion Capital, Hash Global, and Reflexive Capital. The protocol aims to become the foundational Layer 1 infrastructure for real-world asset (RWA) payments and institutional internet-scale Web3 finance.
While first-generation blockchains struggle with latency and transaction predictability required by enterprise treasury desks, Pharos Network introduces a proprietary parallel consensus architecture capable of executing tens of thousands of transactions per second. The network natively integrates zero-knowledge compliance frameworks and sub-second settlement finality, allowing financial institutions to tokenize credit, debt instruments, and stablecoin payments directly on-chain.
In tandem with the funding announcement, Pharos launched its public incentivized testnet, inviting global developers and node operators to participate. The Pharos foundation confirmed that early validator delegations, network testing, and technical feedback will play an integral role in determining genesis community token allocations.
