The Good Tech Companies - Sonic Labs Announces $10M Token Sale To Galaxy For U.S. Expansion

Episode Date: May 12, 2025

This story was originally published on HackerNoon at: https://hackernoon.com/sonic-labs-announces-$10m-token-sale-to-galaxy-for-us-expansion. This investment strengthens Sonic Labs’s position in the U.S. market and provides critical support for its decentralized finance (DeFi Check more stories related to web3 at: https://hackernoon.com/c/web3. You can also check exclusive content about #web3, #sonic-labs, #chainwire, #press-release, #sonic-announcement, #blockchain-development, #crypto-exchange, #good-company, and more. This story was written by: @chainwire. Learn more about this writer by checking @chainwire's about page, and for more stories, please visit hackernoon.com. Sonic Labs announced the completion of a $10 million strategic sale of its S token to Galaxy. Galaxy is a global leader in digital assets and data center infrastructure. The partnership is expected to accelerate Sonic Labs’s market penetration in the United States.

This audio is presented by Hacker Noon, where anyone can learn anything about any technology. Sonic Labs announces $10 million token sale to Galaxy for US expansion, by Chainwire. Georgetown, Cayman Islands, May 12, 2025, Chainwire. At its Sonic Summit in Vienna from May 6-8, Sonic Labs announced the completion of a $10 million strategic sale of its S-token to Galaxy, a global leader in digital assets and data center infrastructure. This investment strengthens Sonic Labs' position in the U.S. market and provides critical support for its decentralized finance, DeFi, ecosystem development.

Strategic Partnership The strategic investment from Galaxy represents a significant milestone for Sonic Labs as it continues to expand globally. The partnership is expected to accelerate Sonic Labs' market penetration in the United States while enhancing its DeFi offerings in the region. The alliance comes at a pivotal moment for the blockchain industry as institutional adoption continues to accelerate. By leveraging Galaxy's extensive network of over 1,300 institutional trading counterparties, Sonic Labs aims to bridge the gap between traditional finance and its high-performance

blockchain infrastructure. Greater than Having Galaxy as a strategic investor brings tremendous value beyond capital. Greater than they have many connections and insights across the US and Asia markets that greater than will be very beneficial to the Sonic ecosystem. Michael Kong, CEO, Sonic Greater Than Labs Market Impact The partnership is expected to have significant implications for the broader DeFi ecosystem. As institutions increasingly seek blockchain infrastructure that don't handle enterprise-level demands,

Sonic Labs' high-performance EVM compatibility offers a compelling solution. Furthermore, the partnership signals growing institutional confidence in blockchain's ability to transform financial infrastructure while maintaining the security and reliability standards expected in regulated markets. About Galaxy Galaxy. TSX. GLXY. is a global leader in digital assets and data center infrastructure, delivering solutions that accelerate progress in finance and artificial intelligence. Its digital assets platform offers institutional access to trading, advisory, asset management,

staking, self-custody, and tokenization technology. In addition, it invests in and operates cutting-edge data center infrastructure to power AI and high-performance computing. Meeting the growing demand for scalable energy and compute solutions in the US the company is headquartered in New York City, with offices across North America, Europe, the Middle East and Asia. Additional information about Galaxy's businesses and products is available on www.galaxy.com. About Sonic Labs Sonic is the highest performing EVM blockchain, combining speed, incentives,

and world-class infrastructure for DeFi, powered by the S-Token. Contact Sonic Labs Press at soniclabs.com Tip This story was published as a press release by Chainwire under Hacker Noon's business blogging program. Thank you for listening to this Hacker Noon story, read by artificial intelligence. Visit HackerNoon.com to read, write, learn and publish.