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. Related News: BREAKING: Chaos Ensues in Token Set to Be Completely Acquired by Another Altcoin - Now There's a Higher Bidder 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. Continue Reading: This Altcoin is Entering the US Markets – They Have Taken the First Step, Here Are the Details
