SOMA.finance

About SOMA.finance

SOMA operates a digital asset trading platform that facilitates the exchange of cryptocurrencies and tokenized equities. The platform emphasizes global compliance through KYC/AML procedures and partnerships with regulated broker-dealers. It offers users access to DeFi primitives like staking and yield farming alongside traditional asset trading capabilities.

```xml <problem> Traditional decentralized exchanges lack the regulatory compliance necessary to offer tokenized securities, limiting access for both retail and institutional investors. This absence of regulatory oversight also creates risks related to security, transparency, and investor protection. </problem> <solution> SOMA.finance provides a compliant decentralized exchange (DEX) and issuance platform for trading tokenized securities and digital assets. By operating within a regulated framework and partnering with a registered broker-dealer, SOMA.finance offers a secure environment for investors to access tokenized equities and other digital assets. The platform facilitates compliant staking, yield farming, and dividend distribution, bridging the gap between traditional finance (TradFi) and decentralized finance (DeFi). SOMA.finance aims to democratize market making and provide institutions with on-chain DeFi access while adhering to regulatory standards. </solution> <features> - Compliant with SEC and FINRA regulations through partnership with Tritaurian Capital, a registered broker-dealer. - Supports trading of tokenized equities (e.g., tokenized versions of Apple or Tesla stock) and other digital assets. - Offers opportunities for staking, yield farming, and dividend distribution. - Provides a fiat on/off-ramp through its Money Transmitter Licensing (MTL). - Enables 24/7 trading of tokenized assets. - Offers a launchpad for new crypto, blockchain, and Web3 projects via its Starter platform. - Provides access to flexible yield earning opportunities through its Earn platform. </features> <target_audience> SOMA.finance targets both retail and institutional investors seeking access to tokenized securities and digital assets within a regulated and secure environment. </target_audience> <revenue_model> SOMA.finance generates revenue through trading fees on the DEX, fees from tokenized asset issuance, and commissions from its staking and yield farming services. </revenue_model> ```

What does SOMA.finance do?

SOMA operates a digital asset trading platform that facilitates the exchange of cryptocurrencies and tokenized equities. The platform emphasizes global compliance through KYC/AML procedures and partnerships with regulated broker-dealers. It offers users access to DeFi primitives like staking and yield farming alongside traditional asset trading capabilities.

Where is SOMA.finance located?

SOMA.finance is based in City of New York, United States.

When was SOMA.finance founded?

SOMA.finance was founded in 2021.

How much funding has SOMA.finance raised?

SOMA.finance has raised $6.5M.

Location
City of New York, United States
Founded
2021
Funding
$6.5M
Employees
9 employees
Investors
Fortified

SOMA.finance

8
Relative Traction Score based on online presence metrics compared to companies in the same age group.

Executive Summary

SOMA operates a digital asset trading platform that facilitates the exchange of cryptocurrencies and tokenized equities. The platform emphasizes global compliance through KYC/AML procedures and partnerships with regulated broker-dealers. It offers users access to DeFi primitives like staking and yield farming alongside traditional asset trading capabilities.

soma.finance1K+
Founded 2021 – City of New York, United States

Funding

No specific funding rounds found.

Total Funding

$6.5M

Backed by

Fortified

Team (5+)

No team information available.

Company Description

Problem

Traditional decentralized exchanges lack the regulatory compliance necessary to offer tokenized securities, limiting access for both retail and institutional investors. This absence of regulatory oversight also creates risks related to security, transparency, and investor protection.

Solution

SOMA.finance provides a compliant decentralized exchange (DEX) and issuance platform for trading tokenized securities and digital assets. By operating within a regulated framework and partnering with a registered broker-dealer, SOMA.finance offers a secure environment for investors to access tokenized equities and other digital assets. The platform facilitates compliant staking, yield farming, and dividend distribution, bridging the gap between traditional finance (TradFi) and decentralized finance (DeFi). SOMA.finance aims to democratize market making and provide institutions with on-chain DeFi access while adhering to regulatory standards.

Features

Compliant with SEC and FINRA regulations through partnership with Tritaurian Capital, a registered broker-dealer.

Supports trading of tokenized equities (e.g., tokenized versions of Apple or Tesla stock) and other digital assets.

Offers opportunities for staking, yield farming, and dividend distribution.

Provides a fiat on/off-ramp through its Money Transmitter Licensing (MTL).

Enables 24/7 trading of tokenized assets.

Offers a launchpad for new crypto, blockchain, and Web3 projects via its Starter platform.

Provides access to flexible yield earning opportunities through its Earn platform.

Target Audience

SOMA.finance targets both retail and institutional investors seeking access to tokenized securities and digital assets within a regulated and secure environment.

Revenue Model

SOMA.finance generates revenue through trading fees on the DEX, fees from tokenized asset issuance, and commissions from its staking and yield farming services.

Sources:

1
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SOMA.finance - Funding: $6.5M | StartupSeeker