PANews reported on September 17th that Sonic Labs announced an investment in FinChain, an institutional-grade RWA service provider, to accelerate its strategic goal of becoming the future financial settlement layer. Through this partnership, Sonic will support RWA issuance, institutional-grade settlement channels, and compatibility with DeFi, further expanding the market application of on-chain physical assets (RWA).

It was reported last month that FinChain, a subsidiary of Fosun Wealth Holdings, was officially launched and achieved millions of dollars in financing .