Sonic Labs passes governance proposal to enter U.S. traditional capital markets
Uk Jin
Summary
- Sonic Labs reported that it passed its first governance proposal to enter the U.S. traditional capital markets.
- Sonic Labs said it will pursue the launch of exchange-traded products (ETP) and ETFs using the Sonic (S) token as the underlying asset and will support a Nasdaq-listed company's Sonic token treasury.
- Required custody will be handled by BitGo (BitGo), and it said it also plans to establish a U.S. corporation.
Sonic Labs is entering the U.S. traditional capital markets.
On the 1st (KST), according to UBlockchain, Sonic Labs passed its first governance proposal to enter the U.S. traditional capital markets.
Under this governance proposal, Sonic Labs will pursue exchange-traded products (ETPs) and exchange-traded funds (ETFs) that track the underlying Sonic (S) token, and will support the Sonic token treasury of a Nasdaq-listed company. Sonic Labs also plans to establish a U.S. corporation, Sonic USA.
Custody required for these plans will be handled by BitGo.
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
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