Sonic Labs completes $10 million strategic financing, with Galaxy leading the investment to support expansion in the U.S. market

ChainCatcher news, 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 its DeFi ecosystem development.

Galaxy has a network of over 1,300 institutional trading counterparties, and this partnership 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 collaboration also reflects institutional confidence in the ability of blockchain technology to transform financial infrastructure.

About Galaxy: Galaxy (TSX: GLXY) is a global leader in digital assets and data center infrastructure, headquartered in New York, with business covering areas such as institutional trading, asset management, staking, and tokenization technology.