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SOMA Finance, a dynamic partnership between MANTRA and Tritaurian Capital, has unveiled its groundbreaking plan to introduce the world's inaugural legally compliant digital security to a global audience of retail investors, including those in the United States. This momentous announcement was made in a statement released on Wednesday.

The company intends to conduct a token sale, with a target of raising a maximum of $5 million through multiple rounds. The initial round, priced at $2.50 per token, will be the first among them. Holders of these tokens will also enjoy certain advantages, such as the entitlement to receive dividends of up to 10% from SOMA's profits. The issuance of the SOMA token is scheduled for either the end of this month or early October.

The SOMA token marks a significant milestone as the inaugural issuance under regulation crowdfunding (Reg CF) on the SOMA.finance platform. SOMA.finance serves as a versatile decentralized exchange (DEX) and issuance platform for tokenized equities, digital assets, and non-fungible tokens (NFTs).

One common critique frequently directed at the cryptocurrency industry is that crypto tokens lack the backing of financial assets or obligations from the issuing entity. Consequently, in scenarios involving bankruptcy or fraudulent activities, investors frequently find themselves in possession of tokens devoid of value, often with limited or no means of recovering their investments.

What sets the SOMA token apart is its role as a financial stake in SOMA at the corporate level. The token will function as a non-cumulative, participating preferred stock of SOMA.finance, according to the company.

“We have been working quietly but diligently to develop the necessary technology to launch a revolutionary decentralized marketplace for digital assets, compliant digital securities, and NFTs while liaising with regulators to provide a highly regulated decentralized financial platform,” said William B. Heyn, co-founder and co-CEO, SOMA.finance and CEO of Tritaurian Capital."

Tritaurian Capital stands as a duly registered broker-dealer and holds membership in both the Financial Industry Reporting Authority (FINRA) and the Securities Investor Protection Corporation (SIPC). Pioneering the industry, it holds the distinction of being the inaugural non-Alternative Trading System (ATS) broker-dealer to attain licensing for the sale of digital private placement securities utilizing cutting-edge blockchain technology.