{"id":688298,"date":"2025-09-01T08:45:14","date_gmt":"2025-09-01T05:45:14","guid":{"rendered":"https:\/\/buradabiliyorum.com\/en\/sonic-labs-gets-greenlight-for-its-200m-tradfi-move\/"},"modified":"2025-09-01T08:45:14","modified_gmt":"2025-09-01T05:45:14","slug":"sonic-labs-gets-greenlight-for-its-200m-tradfi-move","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/sonic-labs-gets-greenlight-for-its-200m-tradfi-move\/","title":{"rendered":"Sonic Labs gets greenlight for its $200M TradFi move"},"content":{"rendered":"

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Sonic Labs has passed the proposal to make a $200 million foray into the TradFi market, with plans to create a US company and launch an exchange-traded product.<\/p>\n

Sonic Labs, the team behind the layer-1 Sonic blockchain, has been given the nod to issue $200 million worth of its S tokens to expand into the US capital markets, including the creation of a proposed exchange-traded product and a Nasdaq-listed investment vehicle.<\/p>\n

Voting ended on Sunday, with 99.99% of Sonic (S<\/a>) tokens from 105 wallets used to app<\/a>rove the proposal. The proposal also met the required quorum of 700 million S tokens participating in the vote.<\/p>\n

The company plans to allocate $100 million in S tokens to build a strategic reserve for a Nasdaq PIPE (Private Investment in Public Equity) vehicle and $50 million for an S token-tracking ETP issued by a \u201cregulated, top-tier ETF provider\u201d with over $10 billion in assets. The fund would be custodied by BitGo, Sonic said.<\/p>\n

Read more<\/p>\n<\/p>\n

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Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

Sonic Labs has passed the proposal to make a $200 million foray into the TradFi market, with plans to create a US company and launch an exchange-traded product. Sonic Labs, the team behind the layer-1 Sonic blockchain, has been given the nod to issue $200 million worth of its S tokens to expand into the…<\/p>\n","protected":false},"author":1,"featured_media":688299,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/cdn-cgi\/image\/format=auto,onerror=redirect,quality=90,width=1200\/https:\/\/s3.cointelegraph.com\/uploads\/2025-09\/01990320-5373-7e55-905e-a511202ae860","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74867,75849,133011,74892,74355,117,72332],"class_list":["post-688298","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-altcoin","tag-etf","tag-tokenomics","tag-tokens","tag-adoption","tag-business","tag-nasdaq"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/688298","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=688298"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/688298\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/688299"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=688298"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=688298"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=688298"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}