SOMA Finance, a joint venture between MANTRA and Tritaurian Capital, is set to launch the first legally issued and compliantly structured digital security to global and U.S. retail investors later this month. The company plans to sell up to $5 million in tokens, with the first tranche priced at $2.50 per token. The token also gives holders benefits, including the right to a dividend of up to 10% of SOMA’s profits. The SOMA token is the first regulation crowdfunding (Reg CF) issuance on the SOMA.finance platform, a multiasset decentralized exchange (DEX) and issuance platform for tokenized equities, digital assets, and non-fungible-tokens (NFTs).
We have been working quietly but diligently to develop the necessary technology to launch a revolutionary decentralized marketplace for digital assets, compliant digital securities, and NFTs while liaising with regulators to provide a highly regulated decentralized financial platform, said William B. Heyn, co-founder and co-CEO, SOMA.finance and CEO of Tritaurian Capital. Tritaurian Capital is a registered broker-dealer and member of the Financial Industry Regulatory Authority (FINRA) and the Securities Investor Protection Corporation (SIPC). It is the first non-alternative trading system (ATS) broker-dealer to be approved for a license to sell digital private placement securities using blockchain technology.
SOMA Finance is set to offer the first legally compliant digital security to global and U.S. retail investors. The SOMA token, which is the first Reg CF issuance on the SOMA.finance platform, will be priced at $2.50 per token and will give holders the right to a dividend of up to 10% of SOMA’s profits. We have been working diligently to develop the necessary technology to launch a revolutionary decentralized marketplace for digital assets, compliant digital securities, and NFTs while liaising with regulators, said William B. Heyn, co-founder and co-CEO, SOMA.finance and CEO of Tritaurian Capital.