Launch Coincides with $SOMA Token Sale in Partnership with CF Portal Akemona
SOMA Finance, Incorporated (“SOMA” & “SOMA.finance”), the joint venture between MANTRA and Tritaurian Capital, Incorporated (“Tritaurian”) that is building the critical infrastructure of decentralized finance (DeFi), announced today the launch of the first components of its hybrid decentralized digital platform. The non-custodial SOMA.finance platform will be the world’s first compliant hybrid decentralized exchange and launchpad, operated by Tritaurian, and 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 Token Sale and Regulation Crowdfunding Offering
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 $SOMA token will represent Series A preferred shares in SOMA as both a financial instrument of the company as well as the platform token for SOMA.finance.
While SOMA will feature its own crowdfunding portal through Tritaurian, to comply with SEC regulation 17 CFR § 227.300 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 Rollout of SOMA.finance Platform
The SOMA.finance platform is being rolled out in stages; presently, the SOMA Guard onboarding platform is live allowing interested parties to enroll and secure their access to the exciting products to come. Following the $SOMA Token sale, the SOMA Starter launch pad, a globally compliant token issuance and capital raising platform will begin operations.
About SOMA.finance
SOMA.finance will be the world’s first hybrid decentralized marketplace for digital assets, compliant digital securities, and NFTs. As a joint project between DeFi Platform MANTRA and Tritaurian Holdings, owner of FINRA-licensed broker-dealer Tritaurian Capital, SOMA Finance, Incorporated (“SOMA”) will be a fully compliant DEX and suite of products for institutional and retail investors. SOMA will include features such as built-in KYC/AML, the ability to trade digital assets of all kinds, including crypto assets, digital securities and NFTs, and permissionless regulated AMM. Website: www.soma.finance
About Tritaurian Capital, Incorporated
Tritaurian Capital is a registered broker-dealer and a member of FINRA and SIPC. Tritaurian Capital’s BrokerCheck record is available here. Tritaurian is the first non-ATS broker-dealer to be approved for a license to sell digital private placement securities using distributed ledger technology, otherwise known as blockchain technology. Website: www.tritauriancapital.com
About MANTRA
MANTRA is a first of its kind, vertically-integrated blockchain ecosystem. The MANTRA OMniverse encompasses the MANTRA DAO; MANTRA Nodes: the cornerstone of the vertically integrated stack offering PoS staking; MANTRA Chain: a protocol for regulated assets in the Cosmos ecosystem; and MANTRA Finance: a DeFi platform that brings the speed and transparency of DeFi to the world of traditional finance. Website: www.mantraomniverse.com
Hot Take: SOMA.finance Launches Hybrid Decentralized Platform and Token Sale
SOMA.finance, in partnership with CF Portal Akemona, has launched the first components of its hybrid decentralized digital platform. The platform, operated by Tritaurian, is compliant and aims to be the world’s first hybrid decentralized exchange and launchpad. It is also the first non-alternative trading system (ATS) broker-dealer to be approved for selling digital private placement securities using blockchain technology. Additionally, SOMA has filed a Regulation Crowdfunding offering memorandum for its $SOMA Token sale. The token will represent Series A preferred shares in SOMA and serve as a financial instrument for the company and the platform token for SOMA.finance. The rollout of the platform will occur in stages, starting with the live SOMA Guard onboarding platform.
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