Deutsch한국어日本語中文EspañolFrançaisՀայերենNederlandsРусскийItalianoPortuguêsTürkçePortfolio TrackerSwapCryptocurrenciesPricingIntegrationsNewsEarnBlogNFTWidgetsDeFi Portfolio TrackerOpen API24h ReportPress KitAPI Docs

Sonic Labs Plans $150M US Expansion and Launches 1st Regulated ETF

7h ago
bullish:

0

bearish:

0

Share
img

Quick Highlights

  • Sonic plans $150M US expansion and ETF launch.
  • 150M Sonic tokens to develop U.S. operations.
  • Tokenomics update makes Sonic scarcer and more valuable.

Sonic Labs Targets US Market with ETF and Token Expansion

Sonic Labs has received community approval to enter the U.S. capital markets and launch a regulated exchange-traded fund (ETF). The developers aim to raise $150 million to strengthen their presence in traditional finance and increase the appeal of the Sonic (S) token.

Major Initiatives and Token Strategy

The August 20, 2025 proposal, titled “US Expansion and TradFi Adoption,” outlines two key initiatives.

First, Sonic plans to create an ETF with a provider and privately invest $100 million in public capital on Nasdaq. Reserve funds will support token buybacks and stabilize value, with assets frozen for at least three years.

Second, Sonic Labs is forming a Sonic USA division, hiring regional managers, and investing another 150 million Sonic tokens into developing its U.S. operations. The company emphasizes its bet on institutional demand, drawing attention from U.S. regulators and institutions.

Tokenomics Update and Market Performance

The developers also announced a tokenomics update. Redistribution of commissions and Gas Burning will make the Sonic asset scarcer, potentially boosting value.

According to CoinGecko, Sonic Labs has a market capitalization of $993 million, with the token currently trading around $0.3085, down 3.6% over the past seven days.

In parallel, Sonic Labs continues to develop its EVM-compatible first-level blockchain, launched in August 2024, further expanding the project’s technical and institutional appeal.

7h ago
bullish:

0

bearish:

0

Share
Manage all your crypto, NFT and DeFi from one place

Securely connect the portfolio you’re using to start.