SOMA Finance introduces retail compliant digital security offering dividends of up to 10%

SOMA Finance, a joint venture between DeFi protocol MANTRA and U.S. broker‑dealer Tritaurian Capital, announced plans in September 2023 to issue the SOMA token, described as the first “retail‑compliant” digital security legally structured for both U.S. and global retail investors under U.S. securities rules. The token is being offered via Regulation Crowdfunding (Reg CF) on the SOMA.finance platform, with an initial raise target of up to $5 million and a first‑tranche price of $2.50 per token. Unlike typical utility tokens, the SOMA token is structured as non‑cumulative, participating preferred stock in SOMA.finance, giving holders an equity‑like interest in the company. Token holders are entitled to a preferred dividend of up to 10% of SOMA’s profits, as declared by the board, effectively sharing in the platform’s upside similar to traditional preferred shareholders. SOMA positions this as a fully regulated digital security: offerings are conducted through Tritaurian Capital, a FINRA‑member, SEC‑registered broker‑dealer, with KYC/AML and securities law compliance built into the issuance and trading process. Strategically, the offering is part of SOMA’s broader goal to launch what it calls the first U.S.-compliant, multi‑asset decentralized exchange (DEX) that can list and trade tokenized equities, security tokens, crypto assets, and NFTs under exemptions including Reg CF, Reg D, Reg S, and Reg A. By structuring the token explicitly as a security and opening it to retail investors, SOMA is testing a regulatory‑first model for DeFi capital formation at a time when U.S. regulators are scrutinizing token offerings, and it aims to demonstrate how equity, dividends, and DeFi features (such as on‑chain trading and potential staking/yield programs) can coexist inside a compliant framework. "entities":["SOMA Finance","SOMA token","MANTRA","MANTRA Chain","Tritaurian Capital","Tritaurian Holdings","William Heyn","John Patrick Mullin","Will Corkin","Rodrigo Quan Miranda","FINRA","SEC (U.S. Securities and Exchange Commission)","Regulation Crowdfunding (Reg CF)","Regulation D","Regulation S","Regulation A","Coindesk"]}'}ခုNote: The JSON appears to contain formatting issues (for instance, an extraneous ''}ခုNote segment). Here's a corrected version without the extra characters or markdown artifacts:`json{

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