Sonic Labs has completed a $10 million strategic financing round, with Galaxy leading the investment to support its expansion in the U.S. market.

BlockBeats News, May 8th: At the Sonic Summit held in Vienna from May 6th to 8th, Sonic Labs announced the completion of a $10 million strategic financing in $S, led by the digital asset and data center infrastructure giant Galaxy.

This partnership will accelerate Sonic Labs' expansion in the U.S. market and provide key support for its DeFi ecosystem development. With over 1,300 institutional counterparties, Galaxy aims to bridge traditional finance with Sonic's high-performance blockchain infrastructure through this collaboration. Sonic Labs CEO Michael Kong stated that Galaxy's participation will bring important market insights and resources to the ecosystem.

As a high-performance EVM-compatible chain, Sonic's solution is attracting increasing attention from institutions seeking enterprise-grade blockchain services. This collaboration also reflects institutional confidence in blockchain technology transforming 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.