Mitchell Demeter Appointed CEO of Sonic Labs to Drive Global Growth and Institutional Expansion

George Town, Cayman Islands, September twenty ninth, 2025, Chainwire

Sonic Labs, the crew behind the highest-performing EVM blockchain Sonic, is happy to announce the appointment of Mitchell Demeter as its new Chief Executive Officer. Demeter, a pioneer in digital belongings and seasoned entrepreneur, will lead Sonic Labs in its subsequent section of world progress, accelerating the adoption of Sonic as one of the world’s main blockchains. His mandate consists of increasing developer and ecosystem adoption worldwide, strengthening institutional relationships, and constructing bridges into U.S. and world capital markets as half of Sonic’s broader mission to redefine the longer term of finance.

Since the launch of the Sonic community in December 2024, the group has achieved many milestones, together with having a confirmed mainnet that may affirm up to 400,000 transactions per second with affirmation instances persistently below 1 second, coupled with successes such because the Coinbase itemizing for S, native issuance of USDC, integration of Chainlink’s CCIP, and many others.

However, what’s lacking are sturdy institutional connections within the U.S. and elsewhere backing the Sonic community and its ecosystem tasks. This is a obligatory element—coupled with nice know-how, enterprise features, and alternate listings—that can take Sonic to the following stage. Under Demeter’s management, Sonic Labs might be assembling a robust government crew round him, bringing in confirmed operators with deep expertise throughout each conventional finance and crypto to complement the inspiration’s know-how strengths. Sonic Labs is increasing its enterprise growth efforts within the United States and globally, actively recruiting and hiring leaders to deepen institutional relationships and construct lasting partnerships with main U.S. and world buyers and enterprises alike.

This transition is coming at a pivotal second. Industry leaders have forecast that inside the subsequent decade, as a lot as 10% of world GDP may very well be transacted on blockchain rails, representing over $10 trillion in on-chain financial exercise. Sonic is uniquely positioned to seize this progress, combining unmatched pace and scalability with developer and institutional incentive fashions designed for mass adoption.

Demeter stated he has at all times believed blockchain would essentially reshape world markets, however that success now depends upon constructing the fitting bridges between decentralized innovation and institutional frameworks. “Sonic’s know-how is unmatched in pace and scalability, and our mission is to carry that efficiency immediately into institutional finance and world markets,” he defined. He continued, “Our mission is not only adoption, it’s to make Sonic indispensable to the longer term of world finance. That means scaling our enterprise growth and partnership efforts with massive, well-known U.S. and world entities, and supporting lighthouse purposes by means of strategic partnerships that can function proof factors for all the business. The world’s monetary infrastructure is transferring on-chain, and Sonic intends to be on the very heart of that transition.”

Under his management, Sonic will proceed to develop its presence amongst institutional buyers and builders alike, bridging world markets with out dropping sight of its decentralized roots.

Michael Kong, who has guided Sonic Labs (and beforehand Fantom) to this stage, will proceed serving on the Board of Directors and tackle the position of Chief Information Officer, remaining actively concerned within the firm’s management. Michael has been central to the evolution of Fantom, now Sonic, since 2018, and will stay totally engaged in guiding and supporting Demeter as he leads the community into its subsequent section of progress.

Kong famous that he has watched Demeter bridge public markets with blockchain for greater than a decade and believes that is the fitting second for his management. “Mitchell’s intensive community and trusted relationships throughout the blockchain ecosystem, conventional finance, and past might be crucial in driving the partnerships and real-world purposes that can take Sonic to the following stage. Myself and all the Sonic Board of Directors are totally dedicated to supporting him in attaining this imaginative and prescient.”

About Mitchell Demeter

Mitchell Demeter is well known as a pioneer within the blockchain business. He launched the world’s first Bitcoin ATM in Vancouver and co-founded Cointrader Exchange, one of Canada’s earliest digital foreign money buying and selling platforms. Over the years, his work has been featured in Forbes, Time, Fast Company, Wired, Huffington Post, and different main shops.

As a serial entrepreneur and investor, Demeter has based and scaled a number of ventures throughout industries, persistently demonstrating a capability to anticipate market shifts and ship modern options. As half of this transition, he’ll step again from his position as CEO of SonicTechnique and assume the place of Executive Chair, the place he’ll proceed to present management on technique and capital markets growth. This transfer permits Demeter to shift his main focus and consideration to main as CEO of Sonic Labs, whereas nonetheless supporting SonicTechnique’s ongoing progress.

Demeter brings intensive capital markets and enterprise growth expertise, serving to organizations navigate the intersection of blockchain innovation and institutional finance.

About Sonic

Sonic is the highest-performing EVM blockchain constructed for the longer term of finance. The community achieves sub-second finality and ultra-high throughput, delivering institutional-grade settlement pace for buying and selling, real-world belongings, and next-generation DeFi.

At the guts of Sonic’s developer incentive mannequin is Fee Monetization, a system that lets builders earn 90% of the community charges generated by their apps. Inspired by Web2 ad-revenue sharing fashions, Fee Monetization rewards builders for driving utilization, progress, and actual exercise.

Media Contact

press@soniclabs.com