// Hacker Noon · 8 April 2026

Pharos Network Closes $44M Series A: The Ant Group Veterans Building the Rails to Move $50 Trillion

Pharos Network, a financial-grade Layer 1 built by former Ant Group engineers, has closed a $44M Series A bringing total funding to $52M. Backed by Sumitomo Corporation, Chainlink, Flow Traders, and regulated Hong Kong institutions, the network is positioning itself as the settlement infrastructure...

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@hacker-noon · Ishan Pandey

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