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BTC 
ETH Pharos Network led the way with a financing amount of US$52 million, endorsed by Sumitomo, Chainlink and other institutions
Pharos Network ranked first with a financing amount of US$52 million, and received support from Sumitomo Group, Chainlink, SNZ Capital and Flow Traders, demonstrating its deep professional background in the field of institutional infrastructure. Libeara successfully secured US$14 million in financing, led by Standard Chartered Bank's SC Ventures and GSR, establishing its institutional-level real-world asset (RWA) strategy for banks.
The eight publicly disclosed projects have raised more than US$169 million, with funding coming from venture capital, financial institutions, trading companies, family offices and blockchain supporters. RWA projects are attracting diversified institutional capital, with Pharos Network at the top of the financing list. As the wave of pre-release infrastructure projects in the market continues to grow, Libeara has received investment support closely linked to banks.
Pharos Network tops visible financing list
In a recent post, Whale Factor tracked capital flows to upcoming RWA projects. The post listed Pharos Network's financing amount as US$52 million and identified Sumitomo, Chainlink and Flow Traders as among the investors. 
Source: X
Pharos Network leads the chart provided with $52 million in fundraising. Its investor portfolio provides richer background information on the headline funding figure (the main amount raised). Sumitomo has brought the influence of a large Japanese conglomerate;Chainlink has added mature blockchain infrastructure elements to this investor group; and Flow Traders has also appeared on the list of well-known supporters of the Pharos Network.
REAL Finance followed closely, disclosing the financing amount of US$29 million, backed by Nimbus Capital, Magnus Capital and Frekaz Group. KiiChain ranked third, receiving $26 million from listed investors, including Nimbus Capital, Super Cycle Capital and WTG Ventures.
Institutional support across the industry
Multipli has raised more than US$20 million in its multiple funding rounds. Investors listed include Pantera Capital and Coinbase Ventures, with Spartan Group and Sequoia also appearing on its investor list.
According to the chart provided, Libeara has raised US$14 million. GSR and SC Ventures appear on their list of financial supporters. SC Ventures operates as the venture capital arm of Standard Chartered Bank. Whale Factor specifically highlighted the institutional support Libeara has received, and the post mentioned the strategic round involving SC Ventures (note: the original mentioned June 2026, the original intention is retained here but the timing logic needs to be noted), and presented its participation as a direct intervention from the financial sector.
LAKE 从多位列出的投资者处获得了 1240 万美元，投资方包括 Artaize Invest、EMB Venture Capital 和 MSM Family Office。Dow Protocol 紧随其后，披露融资金额为 1050 万美元。
资本分布展现多种基础设施路径
Dow Protocol 的投资者名单包括 MH Ventures、Mapleblock、Animoca Brands 和 HashKey Chain。NUVA Digital 从其列出的投资者群体中筹集了 520 万美元，Morgan Creek Digital、Ulu Ventures 和 Animoca Brands 是其支持者。
尽管标签为“Top 10”，但该可见图表仅包含八个项目。因此，无法从该图像中评估缺失的两个条目。不应使用所提供数据来重建这些排名。
在这八个可见项目中，披露的融资金额超过 1.69 亿美元。资本来自风险投资公司、金融集团、交易公司和家族办公室，区块链基础设施公司也出现在列出的支持者名单中。
融资模式侧重于基础设施而非单一项目类别。所列项目在新兴的 RWA 市场中展示了多样化的投资者参与度。所提供的数据记录的是融资情况和投资方，而非未来的市场表现。
