Sonic Labs Proposes Token Issuance to Expand into U.S. TradFi Markets

Sonic Labs has unveiled a proposal to expand its $S token into U.S. traditional finance markets, targeting institutional adoption through ETFs, ETPs, and a NASDAQ PIPE listing. The move, announced via social media, signals a strategic push for regulatory compliance and broader market access.

The initiative will be spearheaded by Sonic USA LLC, which plans to establish a U.S.-based team and appoint a CEO to navigate regulatory hurdles. Updated tokenomics include a $100 million NASDAQ PIPE, a $50 million ETF allocation, and 150 million $S tokens earmarked for operational expenses.

Currently at a competitive disadvantage due to limited token reserves compared to other LAYER 1 chains, Sonic aims to leverage BitGo for custody solutions and partner with an ETF provider to track $S in structured products.