Svmuu News: Layer 1 blockchain project Pharos has secured a strategic investment from GCL New Energy, with the project's valuation approaching $10 billion. This investment was initially announced on January 8, 2026, and has now been finalized following the completion of the relevant information 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 the tokenization of renewable energy assets, decentralized energy trading systems, and carbon footprint tracking and verification. Pharos stated that its parallel execution architecture is designed to support high-throughput financial infrastructure, aiming to enhance asset settlement efficiency, transparency, and liquidity.
GCL New Energy is a Hong Kong-listed energy company. The two parties plan to explore the application of blockchain technology in energy infrastructure and financial markets through this collaboration. (Cointelegraph)