Sonic Labs, the blockchain project that evolved from Fantom, has won near-unanimous community approval to expand into U.S. capital markets. The governance proposal, passed on August 31, drew nearly 860 million votes, well above the 700 million quorum, with 99.99% in support.
The plan authorizes the issuance of $150 million worth of new Sonic tokens. Of that, $50 million will back a U.S.-listed exchange-traded product, $100 million will support a NASDAQ private investment vehicle, and 150 million tokens will be allocated to launch Sonic USA LLC.
The Delaware-based subsidiary will establish a New York office, recruit a U.S.-based CEO, and build a dedicated capital markets and business development team. This marks Sonic’s first major governance milestone, setting the stage for greater institutional adoption. With the community’s backing, Sonic Labs is positioning itself to bridge blockchain innovation with traditional financial products in one of the world’s most competitive markets.
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