Pharos has successfully raised $44 million in a Series A funding round aimed at expanding its on-chain economy. The funding was led by the CVC division of Sumitomo Corporation, with participation from snzholding, Chainlink, FlowTraders, and other undisclosed global financial entities. Pharos is focused on developing financial-grade infrastructure to bridge traditional finance (TradFi) and decentralized finance (DeFi) on a global scale.