Sonic Labs submits a proposal to expand the US capital markets star-news.press/wp

Sonic Labs, the team behind the high -layer Blockchain group that developed from Fantom, got overwhelming societal approval on the first major governance proposal.

the an offerIt was officially approved on August 31, paving the way for the project to expand the US capital markets through new financial products, institutional partnerships, and a dedicated American entity.

Historical governance vote

The vote, which was held in a snapshot from August 20 to August 31, has attracted a great participation from the Sonic community. Nearly 860 million symbols (S), which exceeded 700 million wanted for light, were delivered in favor of the proposal, which received the approval of 99.99 %.

The result allows Sonic Labs to issue new $ 150 million codes to finance its expansion. The allocations include $ 50 million to support a product trading on the United States Stock Exchange (ETP/ETF), $ 100 million to support private investment on the NASDAC in the public stock vehicle, and 150 million icons dedicated to the launch of Sonic USa LLC.

The Delaware -based subsidiary will establish an office in New York and employ a US -based executive director, along with a team of capital markets and business development.

One of the restrictions of the distinctive symbol to expansion in the United States

The initiative comes at a time when Sonic processes long -term challenges of its origins like Fantom. Unlike many competing Blockains that kept up to 80 % of the distinctive symbol supplies, Phantom, then Sonic at a later time, was held by only 3 % after seizing the community. As a result, Sonic had a limited treasury flexibility, which hindered its ability to search for the capital market opportunities, partnerships and menus.

Sonic Labs argued that the symbol of modern features was necessary to compete. The project can now add deviation mechanisms to balance supply and facilitate institutional adoption by generating reserves through the new version. The approved changes may increase the brightness of the distinctive symbol in the long run by burning more part of the network gas.

Sonic is placed to bridge the gap between traditional and traditional financing thanks to the US initiative. Plans include partnership with an ETF first -class and BITGO for nursery to create an organized investment vehicle. Meanwhile, the customization of the pipes is aimed at aligning Sonic with the companies listed on the Nasdaq Stock Exchange that share long -term condemnation of their growth.

The Sonic USA creation is expected to be accepted by adopting in traditional financing, organizational alignment, and institutional participation.