Sonic Labs completes $10 million strategic token financing, led by Galaxy

According to Foresight News, Sonic Labs announced the completion of a $10 million S token strategic financing at the Sonic Summit held in Vienna, led by digital asset and data center infrastructure giant Galaxy. This collaboration will accelerate Sonic Labs' expansion in the US market and provide critical support for the development of its DeFi ecosystem. Galaxy has a network of over 1300 institutional counterparties, and this collaboration aims to connect traditional finance with Sonic's high-performance blockchain infrastructure through its resources.