TLDR:
- Sonic Labs appointed Mitchell Demeter as CEO to lead his next phase of institutional and Global expansion efforts.
- Demeter will focus on building us and global institutional relationships while Sonic’s developer ecosystems all over the world.
- Sonic’s Minnnet processes 400,000 transactions per second with confirmation of seconds, which supports its global adoption strategy.
- Michael Kong will remain as Chief Information Officer and continue to support the company’s leadership transition and growth.
Sonic Labs Goes into a new phase with a leadership change at the top. Blockchain Company announced that Mitchell Demeter will take over as the CEO.
The move signals a strong driving force to institutional growth and global developers. His appointment marks a turning point for the network as it positions itself for deeper entry into US capital markets. The company also strengthens its executive bench to build momentum for this new chapter.
Wu Blockchain reported that Demeter, a pioneer in digital assets, will now be responsible for driving the next step in Sonic Lab’s expansion. He will focus on building stronger institutional bands, expanding the developer’s participation and increasing Sonic’s visibility in the US market. According to Sonic Lab’s official announcement, the leadership change aims to connect its technology to actual financial systems.
Mitchell Demeter to lead Sonic Lab’s institutional expansion
Demeter’s plan includes scaling of the business development team and attracts proven operators with experience in crypto and traditional finance. This will help Sonic Labs deepen relationships with institutional investors and business partners.
His mandate includes bridging Global markets And positioning Sonic at the center of growth on the chain financial infrastructure.
Sonic Network, which was launched in December 2024, already has a main grid that can treat 400,000 transactions per second with confirmation times for one second.
The network has seen important integrations, including Chainlinks CCIP and the natives Issue of USDC. Despite these milestones, leadership noted that stronger institutional support is needed to drive the next adoption level.
Michael Kong, who has guided Sonic Labs since his early Phantom Days, will now take the role of head of information manager. He will remain on the board and continue to work with Demeter to ensure a smooth transition.
Kong stated that Dementer’s network and capital market experience make him well suited to lead this phase.
Strengthening developers and market presence
Sonic Labs also plans to grow its developer’s curse under Demet’s leadership. The company will provide more resources and incentive programs to attract builders and encourage real use cases in the network. This is in line with forecasts that expect trillion in the global GDP to move on the chain in the coming decade.
Demeter will resign from its CEO role at Sonic Strategy, but will continue as the CEO to continue to contribute to strategy and capital market development. This double focus is designed to keep Sonic’s growth efforts adapted while allowing him to prioritize leading Sonic Labs.
His track record includes launching the first Bitcoin ATM in Vancouver, which bases Cintrader Exchange. His experience in connecting blockchain technology with traditional markets is expected to play a key role in Sonics The next step of growth.
