How Pharos Network and KUN Aim to Put Supply‑Chain Finance On‑Chain

Global trade finance still relies heavily on slow, fragmented infrastructure. A new partnership between Pharos Network, a blockchain designed for real‑world financial applications, and licensed digital payments provider KUN aims to address those bottlenecks by moving supply‑chain credit and cross‑border payments onto blockchain rails.

The collaboration focuses on turning traditional trade‑finance claims—like invoices and receivables—into tokenized assets that can be settled and financed on‑chain, while connecting those assets to regulated payment networks operating across multiple regions.

Why supply‑chain finance is a target for blockchain

In traditional trade finance, suppliers often wait weeks or months to receive payment on invoices. Financing those receivables typically requires intermediaries, paperwork, and costly cross‑border settlement processes.

Pharos and KUN are attempting to modernize that system by digitizing the underlying credit assets and enabling them to move through blockchain infrastructure with faster settlement and greater liquidity. The partnership combines Pharos’ institutional‑grade Layer‑1 blockchain with KUN’s licensed payment infrastructure spanning Asia, Africa, Latin America, and the Middle East, enabling tokenized trade‑finance assets to connect directly with global payment rails.

The solutions being developed

The partnership outlines several core building blocks designed to move supply‑chain finance on‑chain.

Tokenized invoices and receivables

One of the central ideas is the tokenization of supply‑chain credit assets, such as trade invoices and receivables. By representing these assets on blockchain networks, they can become more liquid and easier to finance, potentially improving working‑capital efficiency for businesses waiting on payments.

Tokenized receivables could also allow financial institutions or liquidity providers to fund trade transactions more easily by interacting with standardized digital assets instead of manual documentation.

Native on‑chain settlement

Another component is native settlement using digital assets on blockchain rails, allowing cross‑border transactions to settle directly on‑chain rather than passing through multiple intermediaries. The goal is to reduce settlement friction and speed up payments in global B2B trade flows.

Crypto‑linked virtual cards and payment tools

The collaboration also explores enterprise‑grade virtual card solutions connected to blockchain‑based assets. These tools could give businesses more flexible ways to spend or access liquidity tied to tokenized financial instruments.

Compliant payment infrastructure

A key part of the design is regulatory compliance. KUN operates licensed digital‑payment infrastructure across multiple emerging markets, allowing tokenized assets and on‑chain transactions to integrate with real payment networks and regulated financial systems.

Together, these pieces aim to create a full stack where supply‑chain credit can be issued, financed, and settled digitally.

Part of a broader “RealFi” strategy

The partnership also fits into Pharos’ wider ecosystem strategy focused on “RealFi,” or real‑world finance on blockchain. Pharos positions its network as infrastructure for institutional settlement, tokenized credit, and real‑world asset markets rather than purely crypto‑native applications.

KUN joined the third strategic cohort of the Pharos RealFi Alliance, an ecosystem initiative that brings asset issuers, infrastructure providers, and financial institutions onto the network to drive real economic activity.

The alliance is designed to move real‑world asset projects beyond experimental pilots toward standardized, scalable on‑chain execution.

Growth and funding context

Pharos has been expanding its infrastructure for real‑world asset tokenization alongside new partnerships. In April 2026, the company announced a $44 million Series A funding round, bringing its total capital raised to about $52 million to accelerate development of on‑chain real‑world asset infrastructure.

That funding push and the expansion of the RealFi Alliance indicate a broader strategy: building a blockchain network specifically designed to support institutional‑grade settlement, tokenized credit markets, and global financial flows.

The bigger picture

If successful, the Pharos–KUN collaboration could demonstrate how blockchain infrastructure can be applied to a longstanding problem in global commerce—slow and fragmented trade finance.

By tokenizing supply‑chain credit and linking it with compliant global payment rails, the partnership aims to transform invoices and receivables from static documents into programmable financial assets that can move, settle, and be financed directly on‑chain.

Whether such systems scale will depend on adoption by financial institutions, regulators, and large trade participants. But the initiative illustrates a broader shift in the blockchain industry toward real‑world financial infrastructure rather than purely crypto‑native markets.