- The cryptocurrency ecosystem is set to get its first retail-compliant digital security as Soma Finance, a platform being developed by the decentralized finance ecosystem MANTRA and Tritaurian Capital, is preparing to issue the SOMA token, which will be the first legally issued and compliantly structured digital security open to retail investors in the U.S. and around the world.
“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 of SOMA.finance and CEO of Tritaurian Capital. “This first issuance of the SOMA Token, as a Reg CF using the SOMA.
The SOMA token is a first for the crypto community as it will represent a financial interest in SOMA at the corporate level, meaning that token holders will see several benefits, including the right to a dividend of up to 10% of SOMA's profits.