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Techub News: Financial Layer 1 Blockchain Network Pharos Network announces the completion of a $44 million Series A funding round. The round was led jointly by an Asian private equity fund, GCL New Energy Holdings (GCL), a listed company in the new energy sector, and a Hong Kong-based compliant financial institution. Participants include SNZ, Chainlink, Flow Traders, and Sumitomo Corporation's subsidiary. The funds will be used to accelerate the development of global on-chain real-world asset (RWA) infrastructure, aiming to bring traditional assets into decentralized networks.