Georgetown, Cayman Islands, May 12, 2025, Chain Wire
At the Sonic Summit in Vienna from May 6th to 8th, Sonic Labs announced the completion of a $10 million strategic sale of S-Token to Galaxy, the global leader in digital assets and data center infrastructure.
This investment strengthens Sonic Lab’s position in the US market and provides important support for the development of a distributed finance (DEFI) ecosystem.
Strategic Partnerships
The strategic investment from Galaxy represents an important milestone for Sonic Labs as Sonic Labs continues to expand globally. The partnership is expected to accelerate Sonic Labs’ market penetration in the US and to enhance Defi’s delivery 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.
“Having a galaxy as a strategic investor brings tremendous value beyond capital. They have many connections and insights into the US and Asian markets that are extremely beneficial to the Sonic ecosystem.” – Michael Kong, CEO of Sonic Labs
Market impact
This partnership is expected to have a significant impact on the broader defi ecosystem. As agencies increasingly want blockchain infrastructure that can handle corporate-level demands, Sonic Labs’ high-performance EVM compatibility offers a compelling solution.
Furthermore, the partnerships demonstrate that they increase institutional trust in the blockchain’s ability to transform financial infrastructure while maintaining the standards of security and reliability expected in regulated markets.
About Galaxy
Galaxy (TSX:GLXY) is a global leader in digital assets and data center infrastructure, offering solutions that drive advances in finance and artificial intelligence. Its digital asset platform provides institutional access to trading, advisory, asset management, staking, independence and tokenization technologies.
Additionally, it invests and operates in cutting-edge data center infrastructure, boosting AI and high-performance computing, meeting the growing demand for scalable energy and computing solutions in the US. Additional information about Galaxy’s business and products is available at www.galaxy.com.
About Sonic Lab
Sonic is the most performant EVM blockchain that combines speed, incentives and world-class infrastructure for DEFI with S-tokens.
contact
Sonic Lab
press@soniclabs.com
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