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

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Sonic Labs has secured community approval to issue $200 million worth of its native S tokens, a move aimed at penetrating US capital markets and creating a bridge between blockchain and traditional finance.

Key Takeaways:

  • Sonic Labs received near-unanimous approval to issue $200 million in S tokens for U.S. market expansion.
  • $100 million will back a Nasdaq-listed PIPE vehicle, while $50 million supports a token-tracking ETP.
  • Sonic is establishing a U.S. entity to lead its push into traditional finance and modernize outdated tokenomics.

The vote, which concluded Sunday, saw 99.99% of participating wallets back the plan.

With over 700 million tokens used in the governance process, the proposal met the required quorum, signaling strong alignment within the Sonic community.

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

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