Sonic Labs Secures $10M From Galaxy For U.S. Expansion

Sonic Labs, a high-performing EVM blockchain focused on DeFi, has successfully secured $10 million through a strategic token sale to Galaxy, a leading digital assets and data center infrastructure provider. This investment was announced during the Sonic Summit held in Vienna from May 6 to 8, marking a significant milestone for Sonic Labs as it aims to strengthen its position in the U.S. market.

The funds were raised through the sale of Sonic Labs' S token to Galaxy, which will support the further growth and global recognition of the Sonic ecosystem. This partnership aligns with Sonic Labs' commitment to meeting the increasing demand for scalable energy and compute solutions in the U.S., while also enhancing its DeFi offerings in the region.

Sonic Labs plans to leverage Galaxy's extensive network of over 1,300 institutional trading counterparties. This collaboration will help bridge the gap between traditional finance and Sonic Labs' high-performance blockchain infrastructure, addressing the growing institutional demand for blockchain solutions that can handle enterprise-level requirements.

The partnership between Sonic Labs and Galaxy underscores the growing institutional confidence in blockchain technology's potential to transform financial infrastructure. This collaboration aims to maintain the security and reliability standards expected in regulated markets, while offering a compelling solution with Sonic Labs' high-performance EVM-compatible blockchain.

Michael Kong, the CEO of Sonic Labs, highlighted the strategic value of having Galaxy as an investor. He noted that Galaxy's connections and insights across the U.S. and Asia markets will be highly beneficial to the Sonic ecosystem, providing more than just financial support.