- Pharos Network leads at $52M, backed by Sumitomo, Chainlink, SNZ Capital, and Flow Traders, spanning institutional-infrastructure expertise.
- Libeara secured $14M, with Standard Chartered’s SC Ventures and GSR backing its institutional-RWA strategy for banks.
- Eight visible projects raised over $169M, with funding spread across venture, financial, trading, family-office, and blockchain backers.
RWA projects are drawing varied institutional capital, with Pharos Network leading the funding table. Libeara gains bank-linked backing amid a growing wave of pre-launch infrastructure initiatives across markets.
Pharos Network Tops the Visible Funding Table
In a recent post, Whale Factor tracked capital flowing into upcoming RWA projects. The post listed Pharos Network at $52 million in funding. It also identified Sumitomo, Chainlink, and Flow Traders among its backers.
Pharos Network leads the supplied chart with $52 million raised. Its backer mix adds context beyond the headline funding figure. Sumitomo brings exposure to a major Japanese corporate group.
Chainlink adds established blockchain infrastructure to the listed investor group. Flow Traders also appears among Pharos Network’s named backers. REAL Finance follows with $29 million in disclosed funding.
Nimbus Capital, Magnus Capital, and Frekaz Group back REAL Finance. KiiChain ranks next after securing $26 million from listed investors. Nimbus Capital, Super Cycle Capital, and WTG Ventures backed KiiChain.
Institutional Backing Extends Across the Sector
Multipli has raised more than $20 million across its funding rounds. Its listed backers include Pantera Capital and Coinbase Ventures.Spartan Group and Sequoia also appear among its listed investors.
Libeara has raised $14 million, according to the supplied chart. GSR and SC Ventures appear among its listed financial backers. SC Ventures operates as Standard Chartered’s venture investment arm.
Whale Factor specifically pointed to Libeara’s institutional backing. The post referenced a strategic round involving SC Ventures in June 2026. It presented the participation as direct financial-sector involvement.
LAKE has secured $12.4 million from several listed investors. Its backers include Artaize Invest, EMB Venture Capital, and MSM Family Office. Dow Protocol follows with $10.5 million in disclosed funding.
Capital Distribution Shows Multiple Infrastructure Approaches
Dow Protocol lists MH Ventures, Mapleblock, Animoca Brands, and HashKey Chain. NUVA Digital has raised $5.2 million from its listed investor group. Morgan Creek Digital, Ulu Ventures, and Animoca Brands appear as backers.
The visible chart contains eight projects despite its “Top 10” label. Therefore, the two missing entries cannot be assessed from this image. The supplied data should not be used to reconstruct those rankings.
Across the eight visible projects, disclosed funding exceeds $169 million. Capital comes from venture firms, financial groups, trading firms, and family offices. Blockchain infrastructure companies also appear among the listed backers.
The funding pattern centers on infrastructure rather than one project category. The listed projects show varied investor participation across the emerging RWA market. The supplied data records funding and backers, rather than future market performance.
