May 12th, 2025 – George Town, Cayman Islands
Sonic Labs, at its Sonic Summit held in Vienna, Austria, from 6-8 May, announced that it had completed a strategic $10 million sale of S tokens to Galaxy, an international leader in data centers and digital assets.
The investment will help Sonic Labs to strengthen its position on the U.S. Market and provide critical support for their decentralized financial (DeFi).
Strategic Partnership
Galaxy’s strategic investment represents an important milestone in Sonic Labs’ global expansion. This partnership will accelerate Sonic Labs’s market penetration into the United States, while also enhancing their DeFi offering in that region.
This alliance is a crucial moment in the industry, as adoption by institutions continues to increase. Sonic Labs hopes to bridge the divide between conventional finance and high-performance Blockchain infrastructure by leveraging Galaxy’s extensive network.
Galaxy’s strategic investment brings enormous value that goes beyond just capital. The company has many contacts and insights in the U.S., Asia, and Europe markets, which will prove to be extremely beneficial for the Sonic ecosystem. — Michael Kong CEO of Sonic Labs
Market impact
This partnership will have a significant impact on the DeFi ecosystem. Sonic Labs’ high-performance EVM compatible with blockchain technology is a solution that institutions are increasingly looking for to meet enterprise level demands.
The partnership also signals a growing confidence among institutions in the ability of blockchain to transform the financial infrastructure, while still maintaining the high standards for security and reliability expected by regulated markets.
About Galaxy
Galaxy (TSX GLXY), a leader in data centers and digital assets, delivers solutions to accelerate the progress of finance and AI. The digital assets platform provides institutional access to asset management, trading, advisory services, tokenization, staking and self-custody.
It also invests and operates data centers that are cutting edge to support AI and high performance computing. This is in response to the increasing demand in the U.S. for energy-efficient and compute-intensive solutions. New York City is the company’s headquarters, and it has offices in North America, Europe Middle East, Asia, as well as Europe. Galaxy offers additional information on its products and services at www.galaxy.com.
Sonic Labs
Sonic, the most performant EVM Blockchain, is powered by S Token and combines speed, incentives and world-class Infrastructure for DeFi.
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Sonic Labs Press@soniclabs.com
Sonic Labs announces $10M token sale to Galaxy in the U.S. As updates are made, expansion may change.
