GCL New Energy makes a cross investment with Pharos

2 hours ago

Per an official announcement, L1 public chain Pharos has entered a strategic capital partnership with Hong Kong-listed Xinjiang Goldwind Science & Technology Co., Ltd. (HKEX: 0451). Goldwind has finalized its investment in Pharos, valuing the L1 chain at nearly $1 billion. A core condition of the deal: Within three months following Pharos’ token generation event (TGE) and across subsequent three-month periods, its average fully diluted valuation (FDV) must not fall below $7.6 billion. Missing this threshold will block any subsequent investment. This investment will allow Pharos to advance the real-world asset (RWA) market from conceptual pilots to large-scale, sustainable industrial commercialization.

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