according to the materials of the site - By crypto.news
Sonic Labs has presented a governance proposal awaiting community approval for the issuance of tokens worth $150 million to support its planned entry into the US market.
Sonic Labs proposed to issue tokens worth $150 million for entering the US market.
Plans include the establishment of Sonic USA, launching an ETF, and a NASDAQ PIPE.
The decision to approve the initiative will be made through a governance vote.
The proposal, published on August 20, is a multi-step plan that includes creating an exchange-traded fund, forming a new company called Sonic (S) USA, and making private investments in public equity on NASDAQ.
Sonic Labs' strategy for entering the US market
The proposal states that the project will be funded through the issuance of new tokens, making it one of Sonic Labs' largest funding initiatives using governance principles. If approved, Sonic USA will be established to lead expansion initiatives in the US with a focus on institutional partnerships, business development, and regulatory compliance.
The plan also includes launching an exchange-traded fund (ETF) listed in the US to provide regulated access to the Sonic ecosystem and initiating a PIPE deal to attract strategic investors from traditional capital markets. The overall goal of these actions is to expand Sonic's access to institutional investors and deepen its integration into the US financial system.
After token holders assess the risks and opportunities, governance voting will determine whether the plan will be implemented. Proponents argue that Sonic's entry into the US market could significantly enhance its long-term positions by increasing adoption, liquidity, and visibility in regulated markets.
However, some community members are concerned about potential dilution of positions due to the issuance of $150 million in tokens. Despite high institutional interest, others point to uncertainty in the regulatory environment in the US as a potential slowdown. The outcome of the vote is expected to have a significant impact on the next stage of Sonic's development. While approval could accelerate institutional participation in the ecosystem, a rejection would likely force the team to reevaluate its international expansion strategy.
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