Stay updated on Pro Crypto Ecosystems news by locking ACS tokens with The Block.No wallet? No problem. You can set one up for free. We recommend Torus for first-time users.SOMA Finance, a collaborative venture between DeFi product provider MANTRA and registered broker-dealer Tritaurian Capital, is planning to introduce the SOMA token — which it claims will be the first legally issued and compliant digital security for U.S. and global retail investors.
Contrasting crypto tokens that don’t represent equity in the issuer, the SOMA token offers a financial stake in SOMA Finance, functioning as a non-cumulative, participating preferred stock, the company said. SOMA plans to sell tokens worth up to $5 million across multiple tranches in the coming months, initially priced at $2.50 per token. Token holder benefits include dividends of up to 10% from SOMA's profits, the company added.
The phased launch of the SOMA Finance marketplace is underway, with its SOMAguard onboarding platform currently operational. The upcoming SOMA token sale will mark the debut of its SOMAstarter launchpad, followed by the decentralized exchange SOMAswap, with additional products to follow. In addition to Regulation CF, digital asset and NFT offerings, SOMA Finance said it would also enable Regulation D, Regulation S and Regulation A listings while facilitating the compliant trading and issuance of tokenized equities and security token offerings.
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: CoinDesk - 🏆 291. / 63 Read more »
Source: engadget - 🏆 276. / 63 Read more »
Source: ForbesTech - 🏆 318. / 59 Read more »
Source: Variety - 🏆 108. / 63 Read more »
Source: Investingcom - 🏆 450. / 53 Read more »
Source: CoinDesk - 🏆 291. / 63 Read more »