Sonic Labs Secures $10 Million in Strategic Token Sale to Galaxy

Tech

Sonic Labs Secures $10 Million in Strategic Token Sale to Galaxy

Sonic Labs, a high-performing EVM blockchain that combines speed, incentives, and world-class infrastructure for DeFi, has just secured $10 million from Galaxy, one of the worlds leading digital assets and data center infrastructure providers.

According to an official announcement today, Sonic Labs has raised the funds via the strategic sale of its S token to Galaxy, propelling the Sonic ecosystem for further growth and global recognition.

While the strategic investment happened at the Sonic Summit in Vienna from May 6–8, it marks a notable milestone for Sonic Labs as it seeks to strengthen the platforms position in the U.S.

While the partnership aligns with Sonic Labs‘ commitment to meeting the growing demand for scalable energy and compute solutions in the U.S., it will foster Sonic Labs’ market penetration in the U.S. while enhancing its DeFi offerings in the region.

According to the announcement, Sonic Labs will leverage Galaxys extensive network of over 1,300 institutional trading counterparties. This will help the platform bridge the gap between traditional finance and its high-performance blockchain infrastructure.

Amid the growing institutional demand for blockchain infrastructure that can handle enterprise-level demands, Sonic Labs will utilize the partnership to boost its efficiency while offering a compelling solution with its high-performance EVM-compatible blockchain. The platform is on a relentless mission to bridge the gap between traditional finance and its high-performance blockchain infrastructure.

Nonetheless, Sonic Labs‘ and Galaxy’s partnership further highlights growing institutional confidence in blockchains ability to transform financial infrastructure while maintaining the security and reliability standards expected in regulated markets.

The CEO of Sonic Labs, Michael Kong, commented on the partnership, saying;