Sonic Community Approves $150M Token Issuance for U.S. ETF Push, Nasdaq Vehicle

Sonic Community Approves $150M Token Issuance for U.S. ETF Push, Nasdaq Vehicle

Community members of Sonic, the rebranded Fantom blockchain, approved a large bet on institutional adoption with a vote to fund a U.S. expansion strategy that includes the creation of a $50 million ETF initiative, a $100 million investment program and the creation of a Delaware-registered company.The vote found support from 99.99% of participants. The community rejected the alternative “no-change” option almost unanimously, with just 51,200 vote…

Sonic Labs Raises $150M for US Expansion and TradFi Adoption

The post Sonic Labs Raises $150M for US Expansion and TradFi Adoption appeared on BitcoinEthereumNews.com. 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 f…

Sonic Labs Approves $150M Expansion Into U.S. Capital Markets

TLDR: Sonic Labs approves $150M expansion plan for U.S. ETFs and NASDAQ PIPE development Proposal includes forming Sonic USA LLC with a full executive team in New York City Updated gas fee model aims to increase token burns and long-term deflationary pressure Community approval sets Sonic on path to compete with top chains in institutional markets Sonic Labs has passed a $150 million proposal to expand into U.S. capital markets. The plan includ…

Sonic Labs Approves $150M Proposal to Expand into US Capital Markets

Sonic Labs Approves $150M Proposal to Expand into US Capital Markets The Sonic Labs community has given the green light to a pioneering $150 million initiative to propel the project into the heart of traditional US finance.

Sonic Labs gets greenlight for its $200M TradFi move - WorldNL Magazine

Sonic Labs, the team behind the layer-1 Sonic blockchain, has been given the nod to issue $200 million worth of its S tokens to expand into the US capital markets, including the creation of a proposed exchange-traded product and a Nasdaq-listed investment vehicle.Voting ended on Sunday, with 99.99% of Sonic (S) tokens from 105 wallets used to approve the proposal. The proposal also met the required quorum of 700 million S tokens participating in…

Sonic Labs DAO Approves the U.S. ETF and Nasdaq PIPE Plan

Sonic Labs DAO approved $150M in tokens to fund the ETF PIPE and Sonic USA launch. BitGo will provide custody for the ETF while Sonic USA prepares for U.S. operations. The governance move aims to close the token supply gap and strengthen market access. Sonic Labs’ community has approved its first governance proposal, marking a turning point for decentralized finance. The “U.S. Market Expansion and TradFi Adoption” plan received support through a…