Pharos receives strategic investment from GCL New Energy, valuing the company at nearly $1 billion.

Layer 1 blockchain project Pharos has secured strategic investment from GCL New Energy, valuing the project at nearly $1 billion. This investment, previously announced on January 8, 2026, was finalized after completing relevant disclosure procedures with the Hong Kong Stock Exchange (HKEX). The report indicates that the collaboration will focus on applications related to real-world assets (RWA), including renewable energy asset tokenization, decentralized energy trading systems, and carbon footprint tracking and verification. Pharos states that its parallel execution architecture is designed to support high-throughput financial infrastructure, improving asset settlement efficiency, transparency, and liquidity. GCL New Energy is a Hong Kong-listed energy company, and the two companies plan to explore the application of blockchain technology in energy infrastructure and financial markets through this collaboration. (Cointelegraph)