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.
George Town, Cayman Islands, May 12th, 2025, 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 US market and provide critical support for its decentralized finance (DeFi) ecosystem development.
Sonic Labs, renowned for its high-performance, enterprise-grade EVM chain, has been expanding its global footprint with a focus on the United States, a key market for institutional DeFi adoption. The partnership with Galaxy, a company recognized for its institutional trading network of over 1,300 counterparties, is a testament to Sonic Labs’s commitment to forging connections between traditional finance and advanced blockchain technology.
This alliance comes at a pivotal moment as institutions increasingly integrate with the blockchain industry. With its deep liquidity pool, cross-chain interoperability, and parallel processing capabilities, Sonic Labs is uniquely positioned to service the growing demand for scalable and efficient blockchain solutions.
As institutions seek blockchain infrastructure that can handle enterprise-level demands, Sonic Labs’s high-performance EVM compatibility offers a compelling solution. This partnership is expected to have significant implications for the broader DeFi ecosystem, especially in the United States, a central hub for financial innovation.
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 US. 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 chain, combining speed, incentives, and world-class infrastructure for DeFi, powered by the S token.
Email: [email protected]
