BlockBeats news, on May 8, during 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 cooperation will accelerate Sonic Labs' expansion in the U.S. market and provide key support for the development of its DeFi ecosystem. Galaxy has a network of over 1,300 institutional trading counterparts, and this cooperation 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 important 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 cooperation also reflects institutions' confidence in the transformative power of blockchain technology on financial infrastructure.
About Galaxy: Galaxy (TSX: GLXY) is a global leader in digital assets and data center infrastructure, headquartered in New York, with businesses covering institutional trading, asset management, staking, and tokenization technology.