Sonic Labs approves Expansion Plan in the US

Sonic Labs Approves proposal to expand to the US capital market. With tokens issuance for USD $ 150 million.

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• The signature of Blockchain obtained 99.98% approval for its expansion plan in the US.
• Will issue USD $ 150 million in tokens S to finance an ETF and an investment vehicle in Nasdaq.
• The company will create Sonic USA and will hire executives focused on regulatory compliance.

Sonic Labs, Entity responsible for the development of the network Blockchain Sonic, approved with almost unanimous support a key proposal to boost its entry to the US financial market.

The plan, entitled “Us Expansion and Tradfi Adopcion”received 99.98% of votes in favor and It will allow the company to finance initiatives through a USD $ 150 million in its native token, S.

The strategy responds, according to the company, to a “Continuous increase in institutional demand” from the United States by Token S. The movement reinforces the company’s objective to position itself as a relevant actor at the intersection between Blockchain and traditional finance.

Association with an ETF supplier

One of the central pieces of the proposal is the launch of a regulated bag (ETF) background that tracks the performance of the token S. To achieve this, Sonic Labs It will seek to associate with an ETF supplier with experience and experience in the sector.

The company plans to assign USD $ 50 million of the funds issued to provide initial liquidity and cover operational expenses. This play aims to consolidate the presence of Sonic Labs In the institutional financial ecosystem and to offer a regulated vehicle for exposure to Token.

Strategic reserve in Nasdaq

The plan also contemplates the creation of a strategic reserve in Nasdaq through an operation Pipe (Private Investment in Public Equity). For this, USD $ 100 million will be allocated from the tokens issuance.

The reserve will allow to buy tokens s both in open markets and in extra -abursian operations, which, according to Sonic Labs, will contribute to strengthening the credibility and stability of the token against traditional investors. These tokens will be blocked for a minimum period of three years, reinforcing a long -term commitment to the market.

Creation of Sonic USA

In parallel, Sonic Labs announced the constitution of a local entity in Delaware under the name Sonic USA LLC. This subsidiary will serve as the basis of operations for initiatives in the country, with a special approach in regulatory compliance and strategic alliances.

The company confirmed that, additionally at the USD $ 150 million assigned for the ETF and the reservation in Nasdaq, will issue another 150 million tokens S to cover the operations of Sonic USA. This includes the hiring of regional executives with experience in financial regulation.

“The objective is to promote adoption and growth, and lead the commitment in Washington DC,” The company pointed out in the proposal.

The plans of Sonic Labs It occurs at a time of special interest in the US market, especially in the light of the regulatory changes that the country has been experiencing in relation to Blockchain and cryptocurrencies. It remains to be seen if this impulse to reach the stock market translates into a successful initiative, marking the pattern for other companies in the sector interested in following this same path.

Written article with the help of an AI content editor, edited by Angel Di Matteo / Diariobitcoin

Original image of Diariobitcoin, created with artificial intelligence, for free use, licensed under public domain.

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