Svmuu News: Layer 1 blockchain project Pharos has secured a strategic investment from GCL New Energy, valuing the project at nearly $1 billion. The investment was initially announced on January 8, 2026, and has now been finalized following the completion of relevant disclosure procedures with the Hong Kong Stock Exchange (HKEX).

Reports indicate that this collaboration will focus on real-world asset (RWA) applications, 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 an energy company listed on the HKEX. Both parties plan to explore the application of blockchain technology in energy infrastructure and financial markets through this partnership. (Cointelegraph)