Pharos has launched its Pacific Ocean Mainnet and $PROS token, aiming to tackle one of the biggest bottlenecks in the booming real-world asset (RWA) sector: fragmented distribution and liquidity across onchain markets.
The network, which has raised $52 million in total funding, including a $44 million Series A that valued the company at nearly $1 billion post-money, received a strategic investment from Hong Kong-listed energy company GCL New Energy (HKEX: 0451). It follows a high-scale testnet that processed more than 4.3 billion transactions across 209 million wallets in under a year.
The tokenized RWA market has grown rapidly, reaching over $25 billion in active market cap in 2026 with roughly 66% growth year-to-date. Tokenized U.S. Treasuries remain the dominant category, while private credit and commodities are also expanding quickly. Projections for the sector range from $10 trillion to $16 trillion by 2030, driven by institutional demand for more efficient, liquid versions of traditional assets, according to analytics platform RWA.
Yet distribution remains a major hurdle. Assets are often siloed across different chains, limiting how capital can move between platforms. Institutions also continue to seek better infrastructure for compliance and privacy controls over transaction and portfolio data.
Pharos is designed to address these challenges with a compliance-ready framework that enables institutions and users to interact with tokenized assets in a consistent environment while maintaining control over data sharing. The network features integrations with OKX Wallet and Topnod Wallet, a Web2-style self-custody solution developed by Ant Group, allowing millions of existing users to participate without new onboarding. It also includes native USDC and CCTP integration for regulated liquidity flows.
Earlier RWA projects such as Ondo Finance (which leads in tokenized Treasuries) and Mantra (a Cosmos-based RWA-focused chain) have made significant progress in bringing real-world assets onchain. But Pharos positions itself as having advanced beyond these earlier efforts by building dedicated RealFi infrastructure that combines modular architecture and deep-parallel execution with built-in compliance tools to support high-volume, institutional-grade activity and improve distribution across the ecosystem.
Ahead of mainnet, Pharos demonstrated early capital formation through its pAlpha High Yield RWA Vault. More than $15 million was committed in the initial phases, with the full $50 million capacity reached within days. The network is launching with more than 50 ecosystem dApps expected to go live, spanning asset issuance, trading, and financial services, plus support from the RealFi Alliance and a $10 million Hong Kong-based global incubator program.
“Institutions entering the ecosystem was once just a theory. Now it is happening, and this launch turns that momentum into something the whole ecosystem can actually use,” said Pharos Foundation founder and CEO Wish Wu.
Pharos is built by leadership and engineers from Ant Group and is backed by Hack VC, Faction VC, and other global TradFi investors. As tokenized real-world assets continue their push toward multi-trillion-dollar scale, Pharos is betting that easier distribution, stronger institutional tooling, and pre-existing liquidity will help it carve out a meaningful role in the sector.