TechFlow news, at the Sonic Summit held in Vienna from May 6 to 8, Sonic Labs announced a $10 million strategic funding round for $S, led by digital asset and data center infrastructure giant Galaxy. This collaboration will accelerate Sonic Labs' expansion into the U.S. market and provide critical support for its DeFi ecosystem development.
Galaxy boasts a network of over 1,300 institutional counterparties, and this partnership aims to bridge traditional finance with Sonic's high-performance blockchain infrastructure through its resources. Sonic Labs CEO Michael Kong stated that Galaxy's involvement will bring significant market insights and resources to the ecosystem.
As a high-performance EVM-compatible chain, Sonic's solutions are attracting growing institutional interest from organizations seeking enterprise-grade blockchain services. This collaboration also reflects institutional confidence in blockchain technology's ability to transform financial infrastructure.
About Galaxy: Galaxy (TSX: GLXY) is a global leader in digital assets and data center infrastructure, headquartered in New York, with operations spanning institutional trading, asset management, staking, and tokenization technologies.
