Transparency Update on Sonic Labs' DAT. @sonic_strategy, a publicly listed company on the Canadian Securities Exchange (CSE), is being built as a regulated bridge to the Sonic ecosystem, giving traditional investors compliant exposure without wallets, private keys, on-chain interaction, or complex tax reporting. 🧵

Earlier this year, Sonic Labs invested in SonicStrategy through a convertible debenture representing ~126M S tokens, valued at ~$40M at the time. This means it starts as a loan to support the company today, and can later convert into shares if agreed-upon milestones are met, rather than being repaid in cash.

The investment was designed to strengthen SonicStrategy’s treasury, support validator operations, and fund long-term ecosystem growth. All tokens associated with this investment are contractually locked and do not enter the market, with conversion to equity contingent on achieving a NASDAQ listing.

SonicStrategy operates independently, has raised ~$9M externally, buys Sonic tokens only on the open market, and has never sold a single S token, while running validators that help secure the network.

Given broader market shifts and extended timelines across digital asset treasuries, Sonic Labs and SonicStrategy have extended the debenture term to reflect current conditions, while preserving long-term alignment and the path to NASDAQ.

This Canada-to-U.S. pathway is well established. Companies like @solstrategies and @DeFiTechGlobal have successfully followed this route, building in Canada first, then accessing U.S. public markets through disciplined execution.

🔗 Read more in our detailed blog: