Sonic Labs Aims Wall Street: ETF Bid and $150M U.S. Push Signal DeFi’s Boldest Move Yet

Sonic Labs, a leading force in decentralized finance, is making an audacious play for Wall Street with a $150 million initiative. The proposal includes launching Sonic USA, a Delaware-registered entity designed to merge DeFi liquidity with U.S. capital markets. The plan hinges on three key components: a $50 million allocation for a regulated exchange-traded product (ETP/ETF), a $100 million NASDAQ private placement (PIPE), and the issuance of 150 million S tokens to fund the venture. Custody will be managed by BitGo, ensuring compliance with institutional standards.

The ETF proposal stands out as Sonic Labs seeks to compete with giants like BlackRock and Fidelity in the crypto ETP space. Unlike traditional single-asset ETFs, Sonic’s offering would track its entire ecosystem, marking the first DeFi-native ETF governed by token holders. The PIPE allocation, meanwhile, signals ambitions for a potential NASDAQ listing, targeting equity investors wary of tokens but comfortable with regulated capital raises.