The decentralized exchange and digital asset issuance platform SOMA Finance intends to make the first legally issued and compliantly structured digital security available for global and US retail investors at the end of this month or by early October.
The first legal tokens, referred to as $SOMA, will offer many advantages to the token holders, such as dividends and corporate ownership.
The SOMA token will be priced at $2.50, and the company has a plan to sell up to $5 million in tokens so that there will be an opportunity for investors to participate in the success of SOMA.finanace. The right to a dividend of up to 10% of SOMA’s earnings will be granted to holders.
The SOMA token will be a non-cumulative, participating preferred stock of SOMA.finance, so it will actually represent a financial interest in SOMA at the corporate level, which makes it unique as per the company’s saying.
“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 co-founder and co-CEO of SOMA Finance and CEO of Tritaurian Capital, William B. Heyn.
