- Sonic Labs’ $150 million proposal targets U.S. markets and investors.
- The plan secured overwhelming community support with 99.99% approval.
- Funding aims to establish Sonic USA LLC and engage Wall Street.
Sonic Labs has approved a $150 million proposal to establish Sonic USA LLC in New York, expanding into U.S. capital markets with 99.99% community support.
The initiative signals Sonic Labs’ strategic move into regulated markets, aiming to strengthen institutional engagement and introduce deflationary mechanisms for its token as transaction volumes grow.
Sonic Labs received approval from its community for a $150 million proposal to enter U.S. capital markets. This involves the creation of Sonic USA LLC to enhance engagement with Wall Street and institutional investors.
Community members overwhelmingly supported the proposal with a 99.99% approval rate. “With over 860 million $S tokens participating in the vote, the proposal received an overwhelming 99.99% approval from the community.” Snapshot Voting Record The initiative includes forming a Delaware LLC and establishing a New York office, involving a new U.S.-based CEO and business development team.
The plan will impact institutions and traditional finance by introducing a U.S.-listed ETF and a NASDAQ PIPE, aiming to attract institutional buyers. This move enhances transparency and custodian standards.
The proposal involves issuing new tokens, totaling $150 million, to finance the ETF and PIPE and launch Sonic USA LLC. Enhanced token burn mechanisms will help mitigate dilution effects.
This effort by Sonic Labs reflects similar expansions by Polygon and Avalanche, likely enhancing token visibility and liquidity.
Sonic Labs’ strategy to bridge DeFi with capital markets is expected to boost token value. The approach mirrors prior successful efforts to integrate blockchain with Wall Street.
