SOMA Finance,a joint venture between MANTRA and Tritaurian Capital, has launched the first components of its hybrid decentralized digital platform, SOMA.finance.
The platform, operated by Tritaurian, is set to be the world’s first compliant hybrid decentralized exchange and launchpad.
It is noteworthy as the first non-alternative trading system (ATS) broker-dealer approved to sell digital private placement securities using blockchain technology.
The launch accompanies SOMA’s Regulation Crowdfunding offering memorandum for its $SOMA Token sale filed with the Securities and Exchange Commission.
This token represents Series A preferred shares in SOMA and functions as the platform token for SOMA.finance. In compliance with SEC regulations, Akemona, Inc., a third-party intermediary, will conduct the offering.
SOMA.finance is rolling out in stages, starting with the SOMA Guard onboarding platform. Following the token sale, the platform will introduce SOMA Starter, a token issuance and capital raising platform, and eventually SOMA Swap, a decentralized exchange, among other products.
The $SOMA Token is unique as it represents a financial interest in SOMA at a corporate level, specifically as non-cumulative, participating preferred stock.
SOMA plans to sell up to $5 million in tokens, with the first tranche priced at $2.50 per token, offering dividends up to 10% of SOMA’s profits.
As a compliant, global multi-asset decentralized exchange platform, SOMA.finance will facilitate the listing and trading of various regulated offerings and digital assets, all compliantly offered by Tritaurian utilizing SOMA’s technology platform.
SOMA.finance, envisioned as the world’s first hybrid decentralized marketplace for digital assets, compliant digital securities, and NFTs, is a collaboration between DeFi Platform MANTRA and Tritaurian Holdings.
Tritaurian Capital is a FINRA and SIPC member, selling digital private placement securities via blockchain. MANTRA is a vertically-integrated blockchain ecosystem, encompassing various blockchain and DeFi initiatives.