In a nearly unanimous vote (99.98%), the Sonic Labs community has given the green light to a pioneering $150 million initiative to propel the project into the heart of traditional US finance.
The capital, to be raised through the issuance of native S tokens, will fund a two-pronged strategy designed for legitimacy and long-term growth.
The first pillar consists of a $50 million allocation to partner with a top-tier ETF provider to launch a regulated exchange-traded fund that tracks the S token.
The second and more significant pillar is a planned $100 million private investment in public equity (PIPE) to establish a strategic reserve for a Nasdaq-listed entity.
This reserve will be used to accumulate S tokens on the open market, with a mandatory three-year lock-up period to demonstrate strong, long-term conviction.
To carry out this ambitious expansion, Sonic Labs is creating a dedicated entity in the United States, Sonic USA.