Today, Pharos, the next-generation institutional-grade high-performance parallel Layer 1 blockchain, announced a comprehensive upgrade to its capital partnership with GCL-Poly Energy Holdings Limited (0451.HK), a listed company on the Hong Kong Stock Exchange. Under the latest agreement signed by both parties, GCL-Poly Energy has invested in Pharos at a valuation of nearly $1 billion. This not only demonstrates Pharos’s strong appeal in terms of technological capability and future commercial value but also marks the transition of the Real-World Assets (RWA) sector from proof-of-concept to scalable, sustainable commercial deployment.
This collaboration was jointly driven by both parties. As a Hong Kong-listed company, GCL-New Energy provided a compliant framework for this transaction through its rigorous disclosure standards. Since GCL-New Energy’s initial announcement of the transaction on January 8, 2026, more than two months have passed until this supplementary announcement. In line with market practices, a supplementary announcement typically reflects a balance between the commercial intentions of the parties and regulatory requirements. The release of this supplementary announcement signifies that Pharos, as a leading Web3 infrastructure provider, has successfully translated its intrinsic value into assets that are understandable and measurable within traditional financial markets, providing a clear and viable pathway for global Web3 projects to align with mainstream capital markets.
GCL New Energy has deeply invested in the field of intelligent energy, not only leading China in "computing-power and electricity integration," but also pioneering the tokenization of energy revenue rights and cross-border settlement pilots last year. This time, GCL New Energy’s strategic investment in Pharos, at a valuation of nearly $1 billion, is not an isolated valuation within the Web3 ecosystem—it represents a market-driven valuation from a publicly listed company with high market liquidity and deep participation from mainstream institutional investors. This provides Pharos with a solid real-world validation of its true value, breaking down the barriers between virtual assets and tangible value, and marking a critical step toward mainstream capital markets.
This partnership marks the dawn of a new era in the deep integration of on-chain infrastructure with the new energy industry. At its core, it leverages Pharos’s leading parallel processing technology to address fundamental challenges in the traditional energy sector, such as insufficient asset liquidity and low data credibility.
Both parties will deeply collaborate on core use cases such as "tokenization of new energy assets," "distributed energy trading," and "carbon footprint tracking," transforming high-quality physical new energy assets into freely tradable digital tokens. This is just the beginning. The successful model of Pharos and GCL New Energy will build a new ecosystem driven by both real-world industry and on-chain finance, creating entirely new digital growth opportunities for the traditional energy sector through intelligent operations and global services.
Wish Wu, Co-founder and CEO of Pharos, said: “The upgraded partnership with GCL New Energy is a crucial step toward realizing Pharos’ vision. We are not merely closing a deal—we are co-creating with an industry leader a standardized model that deeply integrates Web3 technology into physical industries. This $1 billion valuation partnership is a testament to market recognition; moving forward, we will prove this is only the beginning through exceptional technology and a thriving ecosystem.”
Looking ahead, Pharos will leverage its high-performance, EVM-compatible parallel underlying architecture—boasting over 20,000 TPS on testnet and sub-second transaction confirmation—to empower developers worldwide, jointly unlocking a trillion-dollar market driven by RWA and setting a new standard for productivity in the digital economy.