Key Takeaways:
- Pharos launched its Pacific Ocean Mainnet and $PROS token on May 1, 2026, following a massive 4.3B testnet.
- GCL New Energy and a $44M Series A propelled Pharos to a $1B valuation, signaling huge RWA market demand.
- Over 50 dApps and a $10M RealFi Alliance incubator will now scale institutional asset issuance on Pharos.
From Testnet to Production
Pharos Network, which recently launched its Pacific Ocean mainnet and native PROS token, was bolstered by a strategic partnership with Hong Kong-listed GCL New Energy. The partnership with the energy giant reportedly propelled Pharos Network’s valuation to nearly $1 billion, signaling a massive institutional bet on the network’s RealFi infrastructure. To date, Pharos has secured $52 million in total funding, including a $44 million Series A led by a mix of traditional technology and finance investors.
The mainnet launch is supported by performance data from the past year, during which the Pharos testnet processed more than 4.3 billion transactions across 209 million wallets. This high-scale stress test demonstrates that the network is ready to handle the heavy throughput required for global financial applications.
By integrating with GCL New Energy and other institutional partners, Pharos aims to solve the critical “last mile” of tokenization: moving real-world assets ( RWAs) from fragmented, isolated silos into a unified, compliant, and liquid on-chain market.
While tokenized Treasuries and real estate have gained traction, institutional adoption has been hampered by a lack of privacy and fragmented distribution. Pharos aims to provide a privacy-preserving framework that allows institutions to maintain control over sensitive portfolio data while remaining compliant.
Once onboarded, participants can move, lend, and trade assets across the ecosystem without the operational friction that typically traps capital. The network’s pAlpha High Yield RWA Vault reached its full $50 million capacity within days of opening, proving capital is ready to move into the Pharos environment.
Through integrations with OKX Wallet and Topnod Wallet, existing crypto users can access the network. Furthermore, native support for USDC and Circle’s CCTP ensures that regulated liquidity can flow into the network without bottlenecking.
“Institutions entering the ecosystem was once just a theory. Now it is happening,” said Wish Wu, founder and CEO of the Pharos Foundation. “This launch turns that momentum into something the whole ecosystem can actually use.”
To support growth, Pharos has established the RealFi Alliance, a $10 million Hong Kong-based incubator. More than 50 decentralized applications, or dApps, are expected to deploy at launch, spanning asset issuance, trading, and financial services.
As the RWA sector prepares for a projected multi-trillion-dollar expansion, Pharos—backed by the industrial might of GCL New Energy and a $1 billion valuation—positions itself as the definitive infrastructure for the future of on-chain global finance.