Odaily Planet Daily reports that, according to official announcements, Pharos has completed a $44 million Series A funding round to scale its on-chain economy. This round was supported by the CVC division of Sumitomo Corporation, snzholding, Chainlink, FlowTraders, and several undisclosed global financial giants. Pharos is building financial-grade infrastructure to connect TradFi and DeFi globally.
Pharos Completes $44M Series A Funding to Expand the On-Chain Economy
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Summary
Pharos announced $44 million in Series A funding to enhance on-chain news and project funding updates. The round was led by Sumitomo Corporation’s CVC, snzholding, Chainlink, and FlowTraders. Pharos is developing financial-grade infrastructure to bridge TradFi and DeFi, with project funding news underscoring its efforts to scale the on-chain economy. Global financial institutions also participated, though some remain unnamed.
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