Pharos Secures Strategic Investment from GCL New Energy, Valuation Approaching $1 Billion

KuCoinFlash

Release Time: 03/14/2026 06:15:40

Summary

As reported by Odaily, the Layer 1 blockchain project Pharos has secured a strategic investment from GCL New Energy, with the project’s valuation nearing $1 billion. The investment was initially announced on January 8, 2026, and finalized after completing the required information disclosure procedures at the Hong Kong Stock Exchange. The collaboration will focus on real-world asset applications, including the tokenization of renewable energy assets, decentralized energy trading systems, and carbon footprint tracking. Pharos stated that its parallel execution architecture supports high-throughput financial infrastructure, enhancing settlement efficiency and liquidity. GCL New Energy is a Hong Kong-listed energy company, and both parties plan to explore blockchain applications in energy and financial markets. On-chain data shows increasing interest in RWA integration, while on-chain analysis underscores Pharos’ potential in this space.

Odaily Planet Daily reports that the Layer 1 blockchain project Pharos has received a strategic investment from GCL New Energy, with the project valued at nearly $1 billion. The investment was previously announced on January 8, 2026, and has now been finalized following completion of the relevant disclosure procedures with the Hong Kong Stock Exchange (HKEX).

The report states that this collaboration will focus on applications related to real-world assets (RWA), including tokenization of renewable energy assets, decentralized energy trading systems, and carbon footprint tracking and verification. Pharos stated that its parallel execution architecture is designed to support high-throughput financial infrastructure, enhancing asset settlement efficiency, transparency, and liquidity.

GCL New Energy is a listed energy company on the Hong Kong Stock Exchange, and both parties plan to collaborate to explore the application of blockchain technology in energy infrastructure and financial markets. (Cointelegraph)

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