Sonic Labs has received near-unanimous approval from its community to issue $200 million worth of S tokens, enabling a significant expansion into U.S. capital markets. This strategic move involves the creation of a Nasdaq PIPE vehicle, an S token-backed ETP, and a new Sonic USA LLC entity in New York. The allocation includes $100 million for a Nasdaq PIPE (Private Investment in Public Equity) structure and another $50 million to support an S token-backed ETP managed by a regulated ETF provider with over $10 billion in assets under management. BitGo will handle custody for the fund. 150 million S tokens ($47.7 million) are being allocated to Sonic USA LLC, which will hire a U.S.-based CEO and team in New York to spearhead its Wall Street ambitions, while expanding regulatory engagement in Washington, D.C. Gas fee adjustments and increased token burns aim to offset issuance and bolster long-term value. The move marks a significant step for the Sonic blockchain platform as it aims to compete directly with traditional finance through the use of ETFs and PIPEs. This approach seeks to bridge the gap between blockchain technology and established financial models, a strategy that could help Sonic Labs solidify its position in a competitive market.