Sonic Labs announces strategic investment in RWA provider FinChain
2hours ago
Odaily Planet Daily reported that Sonic Labs announced a strategic investment in FinChain, a Web 3 brand incubated by Fosun Wealth Holdings and an institutional-grade RWA provider. This investment will enable FinChain to prioritize the launch of new RWA products and tokens on Sonic to achieve native liquidity, composability and settlement. Issuers will obtain reusable identities, compliance workflows and distribution across FinChain channels. Relying on Sonic's ultra-low latency infrastructure, risk-weighted assets (RWAs) issued through FinChain can be connected to Sonic's money market, treasury and structured products, expanding returns, hedging and credit primitives.
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