Pharos, a public blockchain project building an inclusive finance Layer 1 blockchain for RealFi, announced a strategic partnership with GCL New Energy (00451.HK). Pharos will subscribe to 186.5 million new shares issued by GCL New Energy, valued at nearly HK$193 million, through a combination of future equity and token subscription rights. Pharos will provide GCL New Energy with the right to acquire future Pharos shares under specific conditions, as well as the right to purchase Pharos-issued digital tokens at an agreed price. Pharos is a company building an inclusive finance Layer 1 public blockchain for RealFi. This collaboration will utilize Pharos' Data Asset Token (DAT) framework to transform real-world energy data into standard-compliant financial assets on the blockchain, exploring the application of Web3 technology in the new energy sector.