Sonic Labs Confirms $10M Token Sale to Galaxy to Support U.S. Market Expansion
By: cryptosheadlines|2025/05/12 19:30:09
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Airdrop Is Live CaryptosHeadlines Media Has Launched Its Native Token CHT. Airdrop Is Live For Everyone, Claim Instant 5000 CHT Tokens Worth Of $50 USDT. Join the Airdrop at the official website, CryptosHeadlinesToken.com Sonic Labs sold $10M in S tokens to Galaxy for U.S. expansion.Galaxy’s 1,300-institution network supports Sonic’s DeFi integration.Sonic’s EVM-based infrastructure targets enterprise blockchain demand.Sonic Labs has closed a $10M strategic token sale to Galaxy, a global company specializing in digital assets and infrastructure. The announcement was made at the Sonic Summit, which took place in Vienna between May 6 and May 8 in 2025. The deal involves the sale of Sonic Labs’ native S token, the proceeds of which will enhance the firm’s DeFi infrastructure and expand to the United States.Galaxy Partnership Enhances Sonic Labs’ U.S. Expansion PlansGalaxy’s investment is expected to accelerate Sonic Labs’ entry into the regulated U.S. digital asset space. Galaxy maintains a trading network of over 1,300 institutional counterparties, offering strategic reach in both North America and Asia. Sonic Labs aims to connect its blockchain infrastructure with traditional finance through this network.The CEO of Sonic Labs, Michael Kong, acknowledged the broader benefits of the partnership. He stated that Galaxy’s strategic insight and connections across multiple markets would support Sonic’s long-term development.The agreement marks a pivotal step for Sonic Labs as it strengthens its operations across U.S. markets. The funds will be used to enhance the platform’s capabilities and engage with Galaxy’s institutional network.DeFi Infrastructure Positioned for Institutional DemandThe partnership arrives during a phase of growing institutional interest in blockchain technologies. Sonic Labs’ infrastructure includes EVM compatibility, which allows developers to build and scale DeFi applications using existing tools. The recent funding is expected to support continued development aligned with institutional-level standards.The project’s architecture combines performance and security, aiming to support large-scale financial systems. With Galaxy’s backing, Sonic Labs plans to position its platform to handle enterprise-grade blockchain workloads in the coming quarters.Adoption of blockchain infrastructure by institutions is on the rise, mainly in the U.S., Europe, and Asia. Part of Galaxy’s involvement in this shift consists of investing in digital asset trading, staking, custody, and tokenization. In addition, the company runs data centers that are designed for AI and high-performance computing applications.Sonic Labs, based in the Cayman Islands, has focused on speed, developer incentives, and network reliability. The S token powers its blockchain network. The recent $10 million investment reflects ongoing efforts to scale its technology footprint and secure partnerships in new regulatory markets.Source link
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