Launch Coincides with $SOMA Token Sale in Partnership with CF Portal Akemona
SOMA Finance, Incorporated, the joint venture between MANTRA and Tritaurian Capital, has announced the launch of its hybrid decentralized digital platform. The SOMA.finance platform is the world’s first compliant hybrid decentralized exchange and launchpad, operated by Tritaurian. It is also the first non-alternative trading system (ATS) broker-dealer approved for a license to sell digital private placement securities using blockchain technology.
First Steps: Regulation Crowdfunding Offering and Third-Party Intermediary
In conjunction with the platform launch, SOMA has filed the Regulation Crowdfunding offering memorandum with the Securities and Exchange Commission for its $SOMA Token sale. The token will represent Series A preferred shares in SOMA as both a financial instrument and the platform token for SOMA.finance. To comply with SEC regulations, a third-party intermediary, Akemona, Inc., will conduct the offering for SOMA.
“While adding a partner to the process took extra time and work, it is exactly this rigid adherence to the rules, combined with our proprietary technology, that makes SOMA.finance unique,” said William B. Heyn, co-founder and co-CEO of SOMA.finance and CEO of Tritaurian Capital.
The SOMA.finance platform will be rolled out in stages, starting with the SOMA Guard onboarding platform. Following the token sale, the SOMA Starter launchpad will begin operations, followed by the decentralized exchange (DEX), SOMA Swap, and other products.
The SOMA Token: Financial Interest and Benefits
The SOMA token will be a non-cumulative, participating preferred stock of SOMA.finance. It will provide holders with benefits, including the right to a dividend of up to 10% of SOMA’s profits. The token sale will be conducted through Akemona’s crowdfunding portal.
About SOMA.finance
SOMA.finance is the world’s first hybrid decentralized marketplace for digital assets, compliant digital securities, and NFTs. It is a joint venture between MANTRA and Tritaurian Capital, offering features such as built-in KYC/AML and the ability to trade various digital assets in a safe and secure environment.
About Tritaurian Capital
Tritaurian Capital is a registered broker-dealer and the first non-ATS broker-dealer approved to sell digital private placement securities using blockchain technology. It believes that blockchain-based securities can improve transferability, transparency, security, and regulatory compliance.
About MANTRA
MANTRA is a vertically-integrated blockchain ecosystem that includes MANTRA DAO, MANTRA Nodes, MANTRA Chain, and MANTRA Finance. It offers PoS staking, regulated assets in the Cosmos ecosystem, and DeFi platforms.
Hot Take: SOMA.finance Launches World’s First Hybrid Decentralized Platform for Digital Assets
SOMA Finance, in partnership with Tritaurian Capital, has launched the world’s first compliant hybrid decentralized exchange and launchpad, SOMA.finance. This platform revolutionizes decentralized finance by offering a safe and secure environment for trading digital assets, compliant digital securities, and NFTs. With features like built-in KYC/AML, the ability to list various types of offerings, and permissionless regulated AMM, SOMA.finance caters to both institutional and retail investors. The launch is accompanied by a Regulation Crowdfunding offering for the SOMA token, which represents a financial interest in SOMA and provides holders with benefits such as dividends. With its innovative approach and adherence to regulations, SOMA.finance is set to transform the decentralized marketplace.
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