SOMA.finance
SOMA.finance is a decentralized exchange and issuance platform that fully complies with regulatory standards for multiple asset types. John Patrick Mullin, Will Corkin, and Rodrigo Quan Miranda are the co-founders of SOMA. [1]
Overview
Founded in 2021 as a collaboration between the creators of the DeFi protocol MANTRA and the broker-dealer Tritaurian Capital, SOMA.finance aims to integrate regulated tokenized securities into DeFi. It offers a legal and regulated framework for trading tokenized equities and issuances using secure onboarding and encryption protocols. This platform seeks to bridge traditional brokerage investors to the DeFi market, promoting the adoption of blockchain technology in financial trading. [2][3]
SOMA aims to provide a compliant product suite for institutions and retail investors, offering KYC and AML functions, digital asset trading and regulated automated market making (AMM). Initially, SOMA will launch with 20–30 tokenized equities, ETFs, crypto assets, and STOs, with more products to follow. Investors can trade decentralized asset classes through SOMA, avoiding centralized order books and potential market manipulation. Additionally, institutions and retail investors can participate in yield farming and liquidity provider incentives by adhering to KYC and AML guidelines. [2][3]
Tritaurian Capital
Tritaurian Capital is a registered broker-dealer and a member of FINRA and SIPC. It is the first non-ATS broker-dealer licensed to sell digital private placement securities using blockchain technology. Digital securities, an emerging application of distributed ledger technology, can enhance investor access and reduce issuer costs. Tritaurian asserts that blockchain-based securities improve transferability, transparency, security, and regulatory compliance. [4]
Products
SOMA Starter
Starter is the SOMA.finance platform for the compliant and regulated issuance of tokenized securities. It allows users to review, select, and invest in upcoming projects. SOMA Starter offers access to innovative project launches and investment opportunities, enabling users to track token raises and project progress with detailed information on funding and backgrounds. Regulated by FINRA and the SEC, SOMA conducts intensive due diligence on listed projects to reduce the risk of scams or rug pulls. [5]
SOMA
The SOMA token is a legally issued and compliant digital security available to global and US retail investors. It will be tradable on the SOMA DEX against other digital assets, securities, and tokenized public equities. The SOMA token offers several advantages. Token holders are eligible to receive a portion of SOMA.finance's profits as preferred dividends. They can earn passive income by staking their tokens in a secure pool and gain additional rewards through yield farming pools and initiatives. Additionally, SOMA token holders have ownership rights in SOMA Finance Incorporated, holding a preferred equity position. [6][7]
Tokenomics
SOMA has a total supply of 88,888,888 tokens and has the following allocation: [7]
- SOMA LP Staking: 30%
- T&A: 22.4%
- Reserve Pool: 18%
- Seed Round: 6.5%
- SOMA Staking Rewards: 5%
- OM Staking Airdrop: 4%
- Reserve and Liquidity Position: 4%
- BD License Fee: 4%
- Liquidity Round: 3.8%
- Reg CF: 2.3%
