Sonic Labs DAO Approves $150M Sonic ETF Launch to Bridge Crypto with US Capital Market

Sponsored
Sponsored
Sonic Labs DAO has authorized a ground-breaking policy proposal to list the S token, the native token of the Sonic blockchain, on the U.S capital markets. Sonic Labs DAO is a community-governed, decentralized, autonomous organization focusing on spearheading the growth of the Sonic blockchain ecosystem. With this calculated move, the DAO is keen on incorporating the cryptocurrency into the traditional investment networks.  

The DAO placed the proposal on voting from 20th August to 31st August, 2025. Following the conclusion of the voting process, the decentralized organization approved the decision, today early morning, to roll out an ETP/ETF that tracks the prices of Sonic cryptocurrency.

Sponsored
class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">

https://twitter.com/esatoshiclub/status/1962406638775603458?ref_src=twsrc%5Etfw” target=”_blank” rel=”noopener nofollow

Sonic DAO Community Voted To Allow THE Launch of Sonic ETF

According to the data disclosed today by market analyst Satoshi Club, a U.S.-listed ETF/ETP connected to Sonic’s network aims to offer a compliant exposure for traditional investors. BitGo, a digital asset platform offering institutional-focused security and regulated custody solutions, will serve as a custodian for the proposed Sonic’s spot ETF/ETP.

To support the rollout of the ETF/ETP product, Sonic Labs intends to create a U.S.-based subsidiary, dubbed Sonic USA LLC, an entity that will function as a regulatory and operational headquarters for operations in the U.S. The new subsidiary will concentrate on attracting institutional partnerships, adherence to legal compliance, and business growth to build Sonic’s presence in the US market.

The DAO’s proposal also seeks to establish a PIPE (private investment in public equity) product in the US stock exchange, NASDAQ. Sonic Labs plans to leverage the trading of this PIPE offering to attract strategic capital from financial institutions. Together with these three deliberate initiatives, Sonic Labs wants to broaden the accessibility of its native asset to institutional usage and expand its presence in regulated financial markets.  

Sponsored

Sonic Seeking Expand Its Presence in the American Market

Sonic’s move to build its footprint in the US financial markets is part of the crypto project’s effort to support its long-term growth by bolstering adoption, market efficiency, and the legitimacy of its Sonic cryptocurrency. The timing of this proposal happens when Sonic continues to experience surging on-chain activity across its network. The S token witnessed massive growth in July, hitting $4.94 billion in trading volume from $3.1 billion noted in June, which is almost a 60% surge in a single month. Contributing factors for this growth include Sonic’s DeFi surge and rising on-chain activity.

Sonic is currently the 20th largest blockchain by TVL, ahead of Berachain and Cardano, holding $377.11 million in assets locked in DeFi at press time. The ecosystem’s exponential growth in the decentralized finance environment has attracted significant interest from digital asset investors. The rising trading volume, as illustrated above, means Sonic is experiencing stronger customer activity and more robust visibility across the virtual currency market.  

Go to Source
Author: NixCoin

kryptonew

Share
Published by
kryptonew

Recent Posts

Who Bought 49% of Trump-Linked Crypto Platform for $500M?

Key Highlights A 49% stake in World Liberty Financial was sold for $500 million just…

9 hours ago

Crypto Users on MacOS Targeted in Sneaky Token Vesting Malware Scam

Key Highlights Mac users face new phishing risks; fake audit emails can steal passwords and…

9 hours ago

Korea’s FSS Launches VISTA to Combat Crypto Price Rigging

Key Highlights A custom-built algorithm now scans trading data at sub-second intervals to uncover manipulation…

9 hours ago

DOJ Emails Reveal Jeffrey Epstein Invested $3M in Coinbase in 2014

Key Highlights Jeffrey Epstein invested $3 million in Coinbase in 2014 after working with Brock…

9 hours ago

90% of Merchants Ready for Crypto Payments: PayPal

Key Highlights The primary obstacle to universal crypto adoption is technical complexity rather than a…

9 hours ago

Latest Crypto Crash is Liquidity Squeeze, Not Fundamentals: Raoul Pal

Key Highlights Crypto lost $300B in market value as US liquidity tightened, not due to…

1 day ago

This website uses cookies.

Read More