PANews reported on April 8th that the public blockchain project Pharos announced the completion of a $44 million Series A funding round. Investors include Sumitomo Corporation CVC, SNZ, Chainlink, Flow Traders, and several undisclosed global financial institutions. Pharos positions itself as a native Layer 1 financial asset platform for Real-Time Asset Exploitation (RWA) and traditional finance, highlighting its deep parallel execution architecture and native compliance, aiming to tap into the approximately $50 trillion RWA and TradeFi market. During the AtlanticOcean testnet phase, the project claims to have attracted millions of users and addresses, and has reached a solar asset RWA cooperation agreement with photovoltaic company GCL Group.