Sonic Labs has picked crypto capital markets agency GSR as the official market maker companion for Sonic blockchain’s native token.
GSR will assist Sonic (S) token acquire market traction by delivering deep liquidity and strategic steering, the Sonic Labs workforce stated in an announcement.
As effectively as changing into the official market maker companion, GSR, a buying and selling agency based in 2013 and controlled by the Financial Authority of Singapore and the United Kingdom’s Monetary Conduct Authority, will supply full-stack help for S.
The partnership targets the broader decentralized finance, with GSR set to supply help to early-stage initiatives constructing inside Sonic’s DeFi ecosystem. Sonic Labs says GSR’s emphasis on transparency is essential to this collaboration.
“In right this moment’s market, we glance for extra than simply liquidity suppliers,” stated Michael Kong, chief government officer of Sonic Labs. “We search companions who’re embedded in the community, contribute to DeFi, interact with initiatives instantly, help international neighborhood occasions, and hold open, proactive communication. GSR exemplifies this commonplace.”
Sonic Labs launched the mainnet of Sonic in December 2024, with the S token and transition from Fantom’s FTM token occurring at a 1:1 swap in early 2025. The layer-1 blockchain provides Ethereum Digital Machine compatibility, verifiable 10,000 transactions per second and sub-second finality.
In the meantime, GSR’s footprint in the digital asset market consists of over-the-counter buying and selling, derivatives and market making. The agency can be a multi-stage investor. Its newest portfolio investments embody Sei, The Open Community and Ethena, the artificial greenback protocol on Ethereum.
In a touch upon the partnership with Sonic Labs, GSR head of U.S. enterprise improvement Alex Taaffe stated:
“At GSR, our position goes past buying and selling, we’re right here to assist groups scale and construct what’s subsequent. We help revolutionary protocols with liquidity, serving to founders get tokens market-ready, and encourage sustainable on-chain exercise to drive long-term progress. Sonic’s velocity, infrastructure, and community-first method stand out in a significant approach.”
