(PRESS RELEASE – New York, USA, December 20, 2023)
The launch coincides with the $SOMA token sale in partnership with CF Portal Akemona
SOMA Finance, Incorporated (“SOMA” and “SOMA.finance“), the joint venture between MANTRA and Tritaurian Capital, Incorporated (“Tritaurian”), which is building the critical infrastructure of decentralized finance (DeFi), today announced the launch of the first components of its decentralized hybrid digital platform. The SOMA.finance non-custodial platform will be the world's first decentralized hybrid exchange and launch platform, operated by Tritaurian, and is the first non-alternative trading system (ATS) broker-dealer to receive approval for a license to sell placement digital private. securities that use blockchain technology.
In conjunction with the launch of the platform, SOMA has filed the Regulatory Crowdfunding offering memorandum with the Securities and Exchange Commission for its sale of $SOMA tokens. The $SOMA token will represent SOMA Series A Preferred Shares as the company's financial instrument and as a platform token for SOMA.finance.
While SOMA will have 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. This rule prohibits CF Platforms from issuing their own token or using an intermediary under common control with the platform. So while SOMA and Tritaurian will do crowdfunding in the future, Akemona has been selected to do this token issuance, as SOMA is not allowed to act as its own intermediary.
“While adding a partner to the process required more time and work, it is exactly this strict adherence to the rules, combined with our proprietary technology, that makes SOMA.finance unique,” said William B. Heyn, co-founder and co-founder. CEO of SOMA.finance and CEO of Tritaurian Capital. “We continue to work hard to finalize the critical infrastructure to launch our revolutionary decentralized marketplace for real-world digital assets and compatible digital securities while working with regulators to provide a highly regulated decentralized financial platform and we are grateful for Akemona's help with this step forward. . .”
The SOMA.finance platform is being implemented in stages; Currently, the SOMA Guard onboarding platform is live, allowing interested parties to sign up and secure their access to exciting products to come. Following the sale of the $SOMA token, the SOMA Starter launchpad, a globally compliant token issuance and capital raising platform, will go live. The decentralized exchange (DEX), SOMA Swap and additional products such as SOMA Earn, the supported yield and staking product, will continue with some dependence on future licenses.
The SOMA token will be novel because it will actually represent a financial interest in SOMA at a corporate level. Specifically, the token will be a non-cumulative participating preferred share of SOMA.finance. SOMA intends to sell up to $5 million worth of tokens, in one or more tranches, with the first tranche priced at $2.50 per token. The token will provide its holders with benefits, including the right to a dividend of up to 10% of SOMA's profits. When the SOMA Token sale begins, the tokens can be purchased from the following link: https://akemona.com/offerings/soma
As the first US-compliant global multi-asset decentralized exchange (DEX) platform, SOMA.finance will offer the ability to list Regulation CF, Regulation D, Regulation S and Regulation A offerings, in addition to offer compatible transactions and issuances. of tokenized stocks, crypto assets, security token offerings (STOs), non-fungible tokens (NFTs) and more, all in a secure environment. All offers and regulated activities on the platform will be offered in a compliant manner by Tritaurian using the SOMA.finance technology platform.
This advertisement is not a request for money or any other consideration. If money or other consideration is sent in response, it will not be accepted. No offer to purchase the securities may be accepted and no portion of the purchase price may be received until the offering statement is filed. Any expression of interest made by a potential buyer does not imply obligation or commitment of any kind.
About SOMA.finanzas
SOMA.finance will be the world's first decentralized hybrid marketplace for digital assets, supported digital securities and NFTs. As a joint project between DeFi Platform MANTRA and Tritaurian Holdings, owner of FINRA-authorized broker-dealer Tritaurian Capital, SOMA Finance, Incorporated (“SOMA“) will be a fully supported DEX and suite of products for institutional and retail investors. SOMA will include features such as integrated KYC/AML, the ability to trade digital assets of all types including cryptoassets, digital securities and NFTs, and regulated permissionless AMM. Website: www.soma.finanzas
About Tritaurian Capital, Incorporated
Tritaurian Capital is a registered stockbroker and member of FINRA and SIPC. Tritaurian Capital BrokerCheck Registration 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, also known as blockchain technology. Digital securities are an emerging, yet rapidly evolving, implementation of distributed ledger technology with the potential to increase access for investors and reduce costs for issuers. Tritaurian believes that blockchain-based securities can improve transferability, transparency, increase security, and streamline regulatory compliance through the open and programmable nature of blockchain tokens. Website: www.tritauriancapital.com
About MANTRA
MANTRA is the first vertically integrated blockchain ecosystem of its kind. The OMniverse MANTRA encompasses the DAO MANTRA; 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
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