Sonic Labs Secures $200M Expansion Approval for US TradFi and ETF Plans

Sonic Labs, developer of the Sonic blockchain, has received overwhelming community support for its $200 million expansion into U.S. financial markets. The proposal passed with 99.99% approval from participating wallets, far exceeding the 700 million S token quorum requirement.

The initiative includes three key components: $100 million for a Nasdaq PIPE reserve, $50 million for a token-tracking ETP through a regulated ETF provider, and the establishment of Sonic USA LLC in New York. BitGo will serve as custodian for the new financial products.

This strategic MOVE signals growing institutional interest in blockchain-based financial instruments. The formation of a dedicated U.S. entity with local leadership underscores Sonic Labs' commitment to compliant market entry and long-term growth in traditional finance sectors.