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Sonic Labs Gets Green Light to Issue $200M in Tokens for US Market Expansion

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Sonic Labs has secured neighborhood approval to problem $200 million price of its native S tokens, a transfer aimed toward penetrating US capital markets and making a bridge between blockchain and conventional finance.

Key Takeaways:

  • Sonic Labs acquired near-unanimous approval to problem $200 million in S tokens for U.S. market growth.
  • $100 million will again a Nasdaq-listed PIPE automobile, whereas $50 million helps a token-tracking ETP.
  • Sonic is establishing a U.S. entity to guide its push into conventional finance and modernize outdated tokenomics.

The vote, which concluded Sunday, noticed 99.99% of collaborating wallets again the plan.

With over 700 million tokens used within the governance course of, the proposal met the required quorum, signaling robust alignment inside the Sonic neighborhood.

Sonic to Allocate $100M in Tokens for Nasdaq-Listed PIPE Car

Sonic’s technique contains allocating $100 million in S tokens to fund a strategic reserve supporting a deliberate Nasdaq-listed PIPE (Personal Funding in Public Fairness) automobile.

A further $50 million will go towards backing an exchange-traded product (ETP) that tracks the S token.

The product, in keeping with Sonic, will likely be issued by a top-tier, regulated ETF supplier managing over $10 billion in property and custodied by BitGo.

To help its U.S. growth, Sonic will set up a brand new entity, Sonic USA LLC, and recruit a New York-based management staff to steer its efforts in Washington, D.C., and throughout the normal finance panorama.

The mission plans to allocate 150 million S tokens (valued at roughly $47.7 million) to jumpstart the brand new division.

Whereas a rising variety of public corporations have turned to crypto to diversify their stability sheets, Sonic is taking a distinct route, utilizing established monetary constructions to push deeper into the crypto sector.

The transfer marks a uncommon reversal of the everyday crypto-to-TradFi playbook.

Sonic launched in December 2024, evolving from the Fantom Opera community by means of a token migration the place FTM tokens had been swapped 1:1 for S tokens.

Nevertheless, Sonic inherited restrictive tokenomics from Fantom, with lower than 3% of tokens managed by the Basis, leaving the staff with restricted flexibility to fund initiatives or forge main partnerships.

In line with the mission, this constraint prompted missed alternatives, together with potential engagements with GameStop, Robinhood, and Polymarket, and prevented early listings on main exchanges.

“We’ve 2018 tokenomics. We’d like 2025 tokenomics,” Sonic said within the proposal.

Sonic Plans Fuel Charge Overhaul to Enhance S Token Deflation

To counterbalance the brand new token issuance, Sonic will revise its gasoline charge system and enhance the burn price of transaction charges, aiming to use deflationary stress to the token’s provide.

The corporate says it will enable it to take part in capital markets with out diluting long-term holders.

The S token has confronted important headwinds, dropping almost 69% since its January debut, per CoinGecko.

In the meantime, Sonic is a part of a U.S. Division of Commerce initiative to deliver financial knowledge onchain utilizing Chainlink and Pyth oracles, enabling builders to entry real-time macroeconomic indicators straight by means of its blockchain.

In Might, the Excessive Court docket of Singapore approved a winding-up order in opposition to Multichain Basis Ltd following a 2023 safety breach that prompted over $210 million in consumer losses.

The order, issued on May 9, 2025, got here in response to a petition filed by Sonic Labs, which was among the many platforms affected by the hack.

The submit Sonic Labs Gets Green Light to Issue $200M in Tokens for US Market Expansion appeared first on Cryptonews.

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