Sonic Labs Teams Up with GSR for Enhanced Token Liquidity
Sonic Labs has chosen GSR as the official market maker for its native token,Sonic (S). This partnership aims to boost the token’s market presence by providing deep liquidity and strategic advice.
GSR, a crypto capital markets firm established in 2013, will offer complete support for the Sonic token. Regulated in Singapore and the UK, GSR will also assist early-stage projects within Sonic’s decentralized finance (DeFi) ecosystem.
michael Kong, CEO of Sonic Labs, emphasized the importance of clarity in this collaboration. “We need partners who are actively involved in the network, support DeFi, and maintain open communication,” he said. GSR fits this description perfectly.
Sonic Labs launched its mainnet in December 2024, with plans to transition from Fantom’s FTM token to the S token in early 2025. The blockchain supports 10,000 transactions per second and offers sub-second finality.
GSR’s expertise spans over-the-counter trading,derivatives,and market making. The firm also invests in various stages of projects. Recent investments include Sei, The Open Network, and Ethena.
Alex Taaffe, GSR’s head of U.S.business development, commented on the partnership. “We’re here to help teams scale and build the future. Sonic’s speed and community-first approach make it stand out.”
