George City, Cayman Islands, September twenty ninth, 2025, Chainwire
Sonic Labs, the workforce behind the highest-performing EVM blockchain Sonic, is happy to announce the appointment of Mitchell Demeter as its new Chief Government Officer. Demeter, a pioneer in digital property and seasoned entrepreneur, will lead Sonic Labs in its subsequent part of worldwide development, accelerating the adoption of Sonic as one of many world’s main blockchains. His mandate contains increasing developer and ecosystem adoption worldwide, strengthening institutional relationships, and constructing bridges into U.S. and international capital markets as a part of Sonic’s broader mission to redefine the way forward for finance.
For the reason that launch of the Sonic community in December 2024, the group has achieved many milestones, together with having a confirmed mainnet that may verify as much as 400,000 transactions per second with affirmation instances constantly underneath 1 second, coupled with successes such because the Coinbase itemizing for S, native issuance of USDC, integration of Chainlink’s CCIP, and lots of others.
Nonetheless, what’s lacking are robust institutional connections within the U.S. and elsewhere backing the Sonic community and its ecosystem initiatives. This can be a obligatory part—coupled with nice know-how, enterprise features, and alternate listings—that can take Sonic to the subsequent stage. Below Demeter’s management, Sonic Labs will probably be assembling a powerful govt workforce round him, bringing in confirmed operators with deep expertise throughout each conventional finance and crypto to enrich the inspiration’s know-how strengths. Sonic Labs is increasing its enterprise improvement efforts in america and globally, actively recruiting and hiring leaders to deepen institutional relationships and construct lasting partnerships with main U.S. and international buyers and enterprises alike.
This transition is coming at a pivotal second. Trade leaders have forecast that throughout the subsequent decade, as a lot as 10% of worldwide GDP could possibly be transacted on blockchain rails, representing over $10 trillion in on-chain financial exercise. Sonic is uniquely positioned to seize this development, combining unmatched velocity and scalability with developer and institutional incentive fashions designed for mass adoption.
Demeter mentioned he has at all times believed blockchain would essentially reshape international markets, however that success now is determined by constructing the precise bridges between decentralized innovation and institutional frameworks. “Sonic’s know-how is unmatched in velocity and scalability, and our mission is to deliver that efficiency immediately into institutional finance and international markets,” he defined. He continued, “Our mission is not only adoption, it’s to make Sonic indispensable to the way forward for international finance. Meaning scaling our enterprise improvement and partnership efforts with giant, well-known U.S. and international entities, and supporting lighthouse purposes via strategic partnerships that can function proof factors for the complete business. The world’s monetary infrastructure is shifting on-chain, and Sonic intends to be on the very heart of that transition.”
Below his management, Sonic will proceed to broaden its presence amongst institutional buyers and builders alike, bridging international markets with out dropping sight of its decentralized roots.
Michael Kong, who has guided Sonic Labs (and beforehand Fantom) to this stage, will proceed serving on the Board of Administrators and tackle the position of Chief Data Officer, remaining actively concerned within the firm’s management. Michael has been central to the evolution of Fantom, now Sonic, since 2018, and can stay totally engaged in guiding and supporting Demeter as he leads the community into its subsequent part of development.
Kong famous that he has watched Demeter bridge public markets with blockchain for greater than a decade and believes that is the precise second for his management. “Mitchell’s intensive community and trusted relationships throughout the blockchain ecosystem, conventional finance, and past will probably be vital in driving the partnerships and real-world purposes that can take Sonic to the subsequent stage. Myself and the complete Sonic Board of Administrators are totally dedicated to supporting him in attaining this imaginative and prescient.”
About Mitchell Demeter
Mitchell Demeter is widely known as a pioneer within the blockchain business. He launched the world’s first Bitcoin ATM in Vancouver and co-founded Cointrader Trade, one in every of Canada’s earliest digital forex buying and selling platforms. Through the years, his work has been featured in Forbes, Time, Quick Firm, Wired, Huffington Put up, and different main shops.
As a serial entrepreneur and investor, Demeter has based and scaled a number of ventures throughout industries, constantly demonstrating a capability to anticipate market shifts and ship revolutionary options. As a part of this transition, he’ll step again from his position as CEO of SonicStrategy and assume the place of Government Chair, the place he’ll proceed to offer management on technique and capital markets improvement. This transfer permits Demeter to shift his main focus and a spotlight to main as CEO of Sonic Labs, whereas nonetheless supporting SonicStrategy’s ongoing development.
Demeter brings intensive capital markets and enterprise improvement expertise, serving to organizations navigate the intersection of blockchain innovation and institutional finance.
About Sonic
Sonic is the highest-performing EVM blockchain constructed for the way forward for finance. The community achieves sub-second finality and ultra-high throughput, delivering institutional-grade settlement velocity for buying and selling, real-world property, and next-generation DeFi.
On the coronary heart of Sonic’s developer incentive mannequin is Payment Monetization, a system that lets builders earn 90% of the community charges generated by their apps. Impressed by Web2 ad-revenue sharing fashions, Payment Monetization rewards builders for driving utilization, development, and actual exercise.
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