diff --git a/modules/sdk-core/src/bitgo/environments.ts b/modules/sdk-core/src/bitgo/environments.ts
index f9f22d087a..64336f7dbb 100644
--- a/modules/sdk-core/src/bitgo/environments.ts
+++ b/modules/sdk-core/src/bitgo/environments.ts
@@ -86,6 +86,7 @@ interface EnvironmentTemplate {
   soneiumExplorerApiToken?: string;
   stxNodeUrl: string;
   vetNodeUrl: string;
+  // The key here is coinName and it will be same for both mainnet and testnet (eg: 'phrs')
   evm?: {
     [key: string]: {
       baseUrl: string;
@@ -198,6 +199,11 @@ const mainnetBase: EnvironmentTemplate = {
   xdcExplorerBaseUrl: 'https://api.etherscan.io/v2',
   wemixExplorerBaseUrl: 'https://api.etherscan.io/v2',
   sgbExplorerBaseUrl: 'https://songbird-explorer.flare.network',
+  evm: {
+    phrs: {
+      baseUrl: 'https://testnet.dplabs-internal.com', // TODO: WIN-5787 add mainnet url when its available
+    },
+  },
   icpNodeUrl: 'https://ic0.app',
   worldExplorerBaseUrl: 'https://worldscan.org/',
   somniaExplorerBaseUrl: 'https://shannon-explorer.somnia.network/', //TODO: WIN-5278: change it with mainnet explorer, when its available
@@ -275,6 +281,11 @@ const testnetBase: EnvironmentTemplate = {
   worldExplorerBaseUrl: 'https://sepolia.worldscan.org/',
   somniaExplorerBaseUrl: 'https://shannon-explorer.somnia.network/',
   soneiumExplorerBaseUrl: 'https://soneium-minato.blockscout.com',
+  evm: {
+    phrs: {
+      baseUrl: 'https://testnet.dplabs-internal.com',
+    },
+  },
   stxNodeUrl: 'https://api.testnet.hiro.so',
   vetNodeUrl: 'https://rpc-testnet.vechain.energy',
 };
diff --git a/modules/statics/src/base.ts b/modules/statics/src/base.ts
index 04aa6541ae..c943a459db 100644
--- a/modules/statics/src/base.ts
+++ b/modules/statics/src/base.ts
@@ -68,6 +68,7 @@ export enum CoinFamily {
   MON = 'mon',
   POLYGON = 'polygon',
   POLYX = 'polyx',
+  PHRS = 'phrs',
   NEAR = 'near',
   OAS = 'oas',
   OFC = 'ofc',
diff --git a/modules/statics/src/networks.ts b/modules/statics/src/networks.ts
index cc26ecd863..bdae6c3ba5 100644
--- a/modules/statics/src/networks.ts
+++ b/modules/statics/src/networks.ts
@@ -1274,6 +1274,24 @@ class ApeChainTestnet extends Testnet implements EthereumNetwork {
   nativeCoinOperationHashPrefix = '33111';
 }
 
+class Pharos extends Mainnet implements EthereumNetwork {
+  name = 'Pharos';
+  family = CoinFamily.PHRS;
+  explorerUrl = ''; // TODO: WIN-5787 Add mainnet url when available
+  accountExplorerUrl = ''; // TODO: WIN-5787 Add mainnet url when available
+  chainId = 688688; // TODO: WIN-5787 Add mainnet id when available
+  nativeCoinOperationHashPrefix = '688688';
+}
+
+class PharosTestnet extends Testnet implements EthereumNetwork {
+  name = 'PharosTestnet';
+  family = CoinFamily.PHRS;
+  explorerUrl = 'https://testnet.pharosscan.xyz/tx/';
+  accountExplorerUrl = 'https://testnet.pharosscan.xyz/address/';
+  chainId = 688688;
+  nativeCoinOperationHashPrefix = '688688';
+}
+
 class Xdc extends Mainnet implements EthereumNetwork {
   name = 'XdcChain';
   family = CoinFamily.XDC;
@@ -1557,6 +1575,7 @@ export const Networks = {
     mantra: Object.freeze(new Mantra()),
     polygon: Object.freeze(new Polygon()),
     polyx: Object.freeze(new Polymesh()),
+    phrs: Object.freeze(new Pharos()),
     oas: Object.freeze(new Oas()),
     ofc: Object.freeze(new Ofc()),
     optimism: Object.freeze(new Optimism()),
@@ -1639,6 +1658,7 @@ export const Networks = {
     mantra: Object.freeze(new MantraTestnet()),
     polygon: Object.freeze(new PolygonTestnet()),
     polyx: Object.freeze(new PolymeshTestnet()),
+    phrs: Object.freeze(new PharosTestnet()),
     oas: Object.freeze(new OasTestnet()),
     ofc: Object.freeze(new OfcTestnet()),
     optimism: Object.freeze(new OptimismTestnet()),