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Pharos develops a Layer 1 blockchain for developers and financial technology applications.
Pharos develops a parallel Layer 1 blockchain compatible with Ethereum decentralized applications, with tools for decentralized trading, payments, and liquidity across virtual machines. It serves developers and financial institutions working with on-chain applications and real-world assets. The company is based in Road Town, British Virgin Islands, and was founded by CEO Alex Zhang. In April 2026, it raised USD 44 million in Series A funding from SmartContract Chainlink Ltd, Flow Traders, Sumitomo Corporation, and SNZ Capital.
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