Ant Group Engineers Launch Pharos, a Blockchain Specialized in RWAs, on the Pacific Ocean Mainnet

Developed by former engineers of Ant Group, the blockchain 'Pharos' officially launched its Layer 1 network 'Pacific Ocean Mainnet' and its native token 'PROS' on the 28th, both specialized in the circulation and settlement of real-world assets (RWAs). Related article: Pharos Network raises approximately JPY 7 billion in Series A funding, with participation from Sumitomo Corporation. The RWA-specialized Layer 1 'Pharos Network' has completed a $44 million Series A round, with participants including Sumitomo Corporation, bringing the total funds raised to $52 million (approximately JPY 8 billion).