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SOMA Finance to offer first legally issued and structured digital securities this month
2023-09-06 08:34:36
Odaily News SOMA Finance, a joint venture between MANTRA and Tritaurian Capital, said it plans to launch the first legally issued and structurally compliant digital securities to global and U.S. retail investors later this month. The company plans to sell $5 million worth of tokens in one or more tranches, with the first tranche priced at $2.50 per token. Token holders are entitled to a 10% dividend on SOMA’s profits. SOMA Finance plans to issue SOMA tokens by the end of this month or early October. It is reported that SOMA Finance is a multi-asset decentralized exchange (DEX) and an issuance platform for tokenized stocks, digital assets and NFT. (CoinDesk)