According to TechFlame, according to official sources, Sonic Labs announced FinChain, an institutional RWA service provider, to accelerate its strategic goal of becoming a future financial settlement layer. Following the cooperation between the two parties, Sonic will support RWA issuance, institutional-level settlement channels, and composability with DeFi, and further expand on-chain real asset (RWA) market applications. Last month, it was reported that FinChain Starlink, a subsidiary of Fosun Wealth Holdings, was officially launched and multi-million dollar financing was reached.