Sonic Labs Targets Wall Street: ETF Application and $150M U.S. Initiative Indicate DeFi’s Most Audacious Move So Far

Sonic Labs, recognized as one of the most dynamic growth narratives in Decentralized finance, has recently made a $150M investment on Wall Street. Through its inaugural governance proposal, the Sonic crypto platform is requesting authorization to establish Sonic USA, a Delaware-registered entity designed to integrate decentralized available volume into the core of the U.S. capital markets.

The proposal details three key initiatives: a $50M investment aimed at a regulated exchange-traded product (ETP/ETF), a $100M NASDAQ private investment in public equity (PIPE), and the creation of 150M S tokens to fund this new venture. Custody services will be managed by BitGo to maintain adherence to U.S. institutional standards.