Sonic Labs announces investment in institutional-level RWA service provider FinChain

ChainCatcher news, Sonic Labs announced an investment in the institutional-level RWA service provider FinChain, aiming to accelerate its strategic goal of becoming the future financial settlement layer.

After the cooperation, Sonic will support RWA issuance, institutional-level settlement channels, and composability with DeFi, further expanding the on-chain real-world asset (RWA) market applications. Last month, it was reported that FinChain, under Fosun Wealth Holdings, officially launched its Star Chain and secured millions of dollars in financing.