Pharos secures strategic investment from GCL New Energy at nearly $1 billion valuation

This publication is provided by the client. The text below is a paid press release that is not part of Cointelegraph.com independent editorial content. The text has undergone editorial review to ensure quality and relevance, it may not reflect the views and opinions of Cointelegraph.com. Readers are encouraged to conduct their own research before taking any actions related to the company. Disclosure.

Hong Kong, March 13, 2026, Chainwire – Pharos, the high-performance parallel Layer 1 blockchain designed for institutional-scale financial infrastructure, today announced the strategic expansion of its capital partnership with GCL New Energy (HKEX: 0451). GCL New Energy has finalized its investment in Pharos at a valuation of nearly $1 billion.

The investment positions Pharos to drive the transition of Real-World Asset (RWA) markets from conceptual pilots to massive-scale, sustainable industrial commercialization.

Defining the standard for Web3-mainstream integration

The transaction follows GCL New Energy’s initial announcement on January 8, 2026, and was finalized after completing regulatory disclosure procedures required by the Hong Kong Stock Exchange (HKEX). This process represents a sophisticated alignment of commercial ambition and regulatory rigor.

Unlike typical Web3 funding, the finalization of this supplemental disclosure marks a milestone in institutional transparency. It demonstrates that Pharos has successfully codified its technical value into a framework that meets the standards of public-market regulators and global financial institutions. For the broader Web3 ecosystem, Pharos has established the first blueprint for interfacing decentralized protocols with mainstream capital.

Bridging blockchain infrastructure and energy markets

GCL New Energy is an industry leader in “Power-Compute Integration” (the synergy of AI computing and energy infrastructure) and has successfully launched pioneering blockchain-based solutions for energy revenue tokenization and cross-border settlement.

Through this partnership, the companies will collaborate on initiatives including:

• tokenization of renewable energy assets

• decentralized energy trading systems

• carbon footprint tracking and verification

Pharos’ parallel execution architecture is designed to support high-throughput financial infrastructure, enabling more efficient asset settlement, improved transparency, and greater liquidity for real-world assets.

Together, the companies aim to establish a framework that connects on-chain financial systems with real-world energy infrastructure, creating new opportunities for digital asset markets backed by tangible economic activity.

Market validation from traditional capital markets

Unlike many valuations within the Web3 sector, the investment reflects pricing from a publicly listed company with participation from traditional institutional investors.

The partnership provides external market validation of Pharos’ infrastructure strategy while demonstrating how blockchain platforms can align with traditional capital markets and regulated industries.

Wish Wu, Co-Founder and CEO of Pharos, said: “Expanding our partnership with GCL New Energy is an important milestone for Pharos. This collaboration brings together Web3 infrastructure and a global energy leader to explore how blockchain technology can be integrated into real-world industries. The investment reflects confidence in our long-term vision, and we look forward to building the next generation of financial infrastructure together.”

About Pharos

Pharos is the inclusive financial Layer 1 for RealFi, where real value and institutional-grade assets circulate onchain and are composable with decentralized assets, becoming the new infrastructure of global finance for all.

Pharos combines modular architecture, deep-parallel execution, and built-in compliance to power real-time finance onchain.

Built by the leadership and engineers from Ant Group, the project is backed by Hack VC, Faction VC, and other global TradFi investors.

Contact

Michelle Kang
CMO at Pharos

michelle@pharoslabs.xyz