⚪Sonic (S) Labs announced its first management offering aimed at🔻 expanding into the US financial markets.📈◀️
⚪The plan includes a structured product for exchange-traded funds (ETP/ETF),🔺 a private investment tool in public equity (PIPE) under NASDAQ,🔺 an investment structure under Sonic USA🔻, and access channels compliant with regulations for institutional and individual investors🔻. BitGo will custody the financial products within this offering.📈📉
◀️According to the company’s statement, the highlights of the statement are:🟰
⚪Gathering large capital for acquiring S from the spot markets by launching PIPE,📈📉
⚪Integrating Sonic into traditional financial markets through 🔻partnership with BitGo and a major provider of exchange-traded funds,📈📉
⚪Establishing Sonic USA LLC🔺, appointing a CEO,🔺 creating a team based in the United States,🔻 and opening an office in New York,📈📉
⚪The token will be issued for use only for financial instruments and Sonic USA operations,📈📉
⚪Increasing the burn rate through chain mechanisms and enhancing the deflationary structure of S.📈📉
⚪Initial goals include supporting exchange-traded products (ETP/ETF) in the US🔺, developing a NASDAQ PIPE tool, 🔻and attracting more institutional investors.🔻 It was also announced that the Sonic USA team will receive performance-based incentive packages.📈📉
⏏️*This is not investment advice.⏏️
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