Crypto company Sonic Labs' decentralized autonomous organization (DAO) endorses the introduction of a $150 million Sonic Exchange-Traded Fund (ETF), aiming to solidify connections between the crypto sector and the US stock market.
Sonic Blockchain Gains Momentum in US Market
Sonic, a top-tier player in the blockchain industry, currently ranks as the 20th largest by Total Value Locked (TVL) with $377.11 million in assets locked in Decentralized Finance (DeFi) at the time of press. This growth is largely attributed to Sonic's DeFi surge and increasing on-chain activity.
In a bid to bolster its presence in the US market, Sonic USA LLC, a new subsidiary, has been established. This U.S.-based entity will serve as a regulatory and operational headquarters, focusing on attracting institutional partnerships, ensuring legal compliance, and fostering business growth.
To further solidify its position, Sonic Labs DAO, a community-governed decentralized autonomous organization, has authorized the listing of the S token on U.S. capital markets. This move is part of Sonic's strategy to support its long-term growth.
The S token witnessed a significant surge in July, recording a trading volume of $4.94 billion, a 60% increase from June's $3.1 billion. To cater to traditional investors, Sonic Labs plans to establish a PIPE (private investment in public equity) product in the US stock exchange, NASDAQ. The purpose of the PIPE offering is to attract strategic capital from financial institutions to support Sonic's growth.
For institutional-focused security and regulated custody solutions, Sonic has partnered with BitGo, a digital asset platform. BitGo will serve as the custodian for the proposed Sonic's spot Exchange-Traded Fund (ETF) or Exchange-Traded Product (ETP). The custodian for the planned Sonic-ETF/ETP will also be Clearstream.
The U.S.-listed ETF/ETP connected to Sonic's network aims to provide a compliant exposure for traditional investors. This move is expected to attract significant interest from digital asset investors, given the ecosystem's exponential growth in the decentralized finance environment.
The voting for this decision took place from 20 August to 31 August, 2025, and the decision was approved today. The success of Sonic in the US market is a testament to its robust growth and increasing visibility across the virtual currency market. Its rising trading volume indicates stronger customer activity, signifying a promising future for the crypto project.
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