Odaily News According to official news, Sonic Labs announced the completion of a $10 million strategic financing of S tokens, led by Galaxy. This cooperation will accelerate Sonic Labs' expansion in the US market and provide key support for the development of its DeFi ecosystem.
Galaxy has a network of more than 1,300 institutional counterparties, and this collaboration aims to bridge traditional finance with Sonic's high-performance blockchain infrastructure through its resources. Sonic Labs CEO Michael Kong said that Galaxy's joining will bring important market insights and resources to the ecosystem. This collaboration also reflects the confidence of institutions in blockchain technology to transform financial infrastructure.