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.
Funding
$6.5M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
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.
Target Audience
SOMA.finance targets both retail and institutional investors seeking access to tokenized securities and digital assets within a regulated and secure environment.
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.