According to Foresight News, as reported by Zhitong Finance, Yunfeng Financial announced that on September 1, 2025, the company reached a strategic cooperation protocol with Ant Digital Technology (the technology commercialization zone under Ant Group, Ant Digital); at the same time, the group made a strategic investment in Pharos Network Technology Limited (Pharos).

Odaily News RWA L1 public chain Pharos plans to integrate the Morpho network lending infrastructure into the Mainnet. The cooperation aims to bring on-chain real-world assets into a modular and transparent lending system. It is reported that the Morpho lending protocol currently secures over $9 billion in funds, marking a strategic step towards building credit channels for institutions and decentralized participants in the DeFi lending market.

ChainCatcher news, the RWA protocol Spout announced that it will launch on the Testnet of the EVM Layer 1 Blockchain Pharos Network, aiming to bring real-world yields on-chain, issuing tokenized corporate bonds with built-in privacy protection.

L1 Blockchain developer Pharos Network has launched its first public testnet, providing a testing environment for developers aimed at supporting smart contracts development, performance testing, and stress testing. Future plans include improving tool resources, expanding service support, and more. Previously completed a $8 million seed round funding.

Jinse Finance reported that Layer1 blockchain developer Pharos has completed an $8 million seed round of financing, with Lightspeed Faction and Hack VC leading the investment, and SNZ Capital participating as a strategic investor. Other investors include Dispersion Capital, Hash Global, Generative Ventures, MH Ventures, Zion, and Chorus