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
May 12th, 2025, George Town, Cayman Islands, 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 will strengthen Sonic Labs’s position in the U.S. market and provide critical support for its decentralized finance (DeFi) ecosystem development.
The partnership with Galaxy, a company recognized for its contributions to the digital economy, marks a significant milestone for Sonic Labs. With a vast network of over 1,300 institutional trading counterparties, Galaxy serves as a primary gateway for institutions to enter the crypto market.
“Having Galaxy as a strategic investor brings tremendous value beyond capital. They have many connections and insights across the U.S. and Asia markets that will be very beneficial to the Sonic ecosystem,” said Michael Kong, CEO of Sonic Labs.
This alliance comes at a pivotal moment for the blockchain industry, with institutions increasingly seeking blockchain infrastructure that can handle enterprise-level demands. Sonic Labs’s high-performance EVM compatibility is expected to be a key factor in this institutional shift.
The partnership also signals growing institutional confidence in blockchain’s ability to transform financial infrastructure while maintaining the security and reliability standards expected in regulated markets.
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, Galaxy 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 U.S. 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 https://www.galaxy.com/.
Sonic is the highest-performing EVM blockchain, combining speed, incentives, and world-class infrastructure for DeFi, powered by the S token. Sonic Labs is building the best blockchain for developers and institutions to migrate their DeFi applications and unlock the full potential of Web3. Sonic Labs is a team of experienced entrepreneurs, engineers, and investors with a passion for blockchain technology and its potential to revolutionize the world.
