{"id":45572,"date":"2025-09-01T11:38:35","date_gmt":"2025-09-01T08:38:35","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=45572"},"modified":"2025-09-01T11:50:19","modified_gmt":"2025-09-01T08:50:19","slug":"sonic-labs-allocates-195-million-for-u-s-expansion","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/sonic-labs-allocates-195-million-for-u-s-expansion\/","title":{"rendered":"Sonic Labs Allocates $195 Million for U.S. Expansion"},"content":{"rendered":"<p>The <a href=\"https:\/\/forklog.com\/en\/news\/a-phantom-reborn-sonic-a-revamped-network-from-the-father-of-defi\">Sonic Labs<\/a> project has approved a <a href=\"https:\/\/snapshot.box\/#\/s:info.sonic\/proposal\/0x489f1583b2db1e6e752404626283249223a1dbfb7337f4fb7dbaf28b1da1b759\">plan<\/a> to enter the U.S. capital market. The company will allocate $195 million in native S tokens for this initiative.<\/p>\n<p>The proposal was submitted to the DAO on August 20 and was supported by 99.99% of participants.<\/p>\n<p>The plan includes the following initiatives:<\/p>\n<ul class=\"wp-block-list\">\n<li>$50 million will be allocated to launch an ETF in partnership with a &#8220;top-tier&#8221; provider, with the exchange-traded fund tracking the price of S;<\/li>\n<li>$100 million will be invested in a <span data-descr=\"Private Investment in Public Equity \u2014 a method for a public company to raise capital by privately selling its shares or other securities to institutional investors at a price below the market value\" class=\"old_tooltip\">PIPE<\/span> deal on Nasdaq, creating a reserve for token buybacks on the open market and through over-the-counter transactions. S will be locked for at least three years;<\/li>\n<li>150 million S will be allocated for the development of the American division, Sonic USA.<\/li>\n<\/ul>\n<p>For the latter, Sonic Labs will hire local top managers. The team will focus on regulatory compliance and partnerships.<\/p>\n<p>The company explained the initiative by citing growing institutional demand for S from the U.S.<\/p>\n<p>Simultaneously, Sonic Labs will update the project&#8217;s tokenomics. The model will incorporate burning a portion of gas fees to make the ecosystem more deflationary.<\/p>\n<p>Sonic Labs is engaged in developing the EVM-compatible Sonic Layer 1 blockchain. The team was previously known as Fantom Foundation.<\/p>\n<p>According to <a href=\"https:\/\/www.coingecko.com\/en\/coins\/sonic\">CoinGecko<\/a>, the market capitalization of S is $989.34 million, with the asset priced at $0.3.<\/p>\n<p>Back in May, a Singaporean court <a href=\"https:\/\/forklog.com\/en\/news\/sonic-labs-secures-liquidation-of-multichain-to-recover-funds-after-210-million-hack\">approved<\/a> the liquidation of Multichain Foundation following a lawsuit by Sonic Labs to recover damages from a cross-chain protocol hack in 2023. A third of this amount belonged to Sonic Labs.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Sonic Labs has approved a plan to enter the U.S. capital market, allocating $195 million in native S tokens for this initiative.<\/p>\n","protected":false},"author":1,"featured_media":45573,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"Sonic Labs plans $195M U.S. expansion with native S tokens.","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1269,52,26],"class_list":["post-45572","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-cryptocurrencies","tag-investments","tag-usa"],"aioseo_notices":[],"amp_enabled":true,"views":"294","promo_type":"1","layout_type":"1","short_excerpt":"Sonic Labs plans $195M U.S. expansion with native S tokens.","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/45572","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=45572"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/45572\/revisions"}],"predecessor-version":[{"id":45574,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/45572\/revisions\/45574"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/45573"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=45572"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=45572"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=45572"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}