Sonic Labs completes $10 million strategic financing, led by Galaxy to support U.S. market expansion

At the Sonic Summit held in Vienna from May 6 to 8, Sonic Labs announced the completion of a $10 million strategic financing round led by digital asset and data center infrastructure giant Galaxy. This collaboration will accelerate Sonic Labs' expansion in the U.S. market and provide critical support for the development of its DeFi ecosystem.

Galaxy, with a network of over 1,300 institutional trading counterparts, 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 increasing attention from institutions seeking enterprise-level blockchain services. This collaboration also reflects institutional confidence in blockchain technology transforming financial infrastructure.