This Altcoin is Entering the US Markets – They Have Taken the First Step, Here Are the Details

Sonic (S) Labs has announced its first management offering aimed at expanding into the US financial markets.

The plan includes a regulated S ETP/ETF product, a NASDAQ Private Investment in Public Equity (PIPE) vehicle, a Sonic USA structure, and regulatory-compliant access channels for both institutional and individual investors. BitGo will handle the custody of financial products under the offering.

According to the company’s statement, the highlights are as follows:

• Raising large-scale capital for S acquisition from spot markets through PIPE launch,
• Integration of Sonic into traditional financial markets through partnership with BitGo and a major ETF provider,
• Establishment of Sonic USA LLC, appointment of a CEO, creation of a US-based team and opening of an office in New York,
• Token issuance to be used solely for financial instruments and Sonic USA operations,
• Increasing the burn rate through on-chain mechanisms and strengthening the deflationary structure of S.

Initial goals include supporting ETP/ETF products in the US, developing the NASDAQ PIPE tool, and attracting additional institutional investors. It was also announced that the Sonic USA team will receive performance-based incentive packages.

*This is not investment advice.