SOMA.finance and Tritaurian Capital Launch Fully Operative Blockchain Trading Platform
SOMA.finance and Tritaurian Revolutionize Blockchain Trading
In a significant milestone for the financial technology landscape, SOMA Finance, Incorporated, alongside Tritaurian Capital, Incorporated, has officially acquired the necessary licenses to launch their fully operational platform for the issuance and trading of blockchain-based securities. This groundbreaking initiative aims to utilise blockchain technology to create an innovative marketplace that serves investors worldwide, including those in the U.S.
Tritaurian Capital, noted for being the first non-ATS (Alternative Trading System) broker-dealer with the authority to issue blockchain securities, has now further set a precedent by becoming the first broker-dealer to receive licenses for operating a non-custodial, decentralized trading platform. This platform allows buying and selling of various digital securities, including publicly listed stocks, government bonds, and corporate securities, all via blockchain tokens that represent actual ownership without the need for intermediaries.
Simplifying Access to Blockchain Investments
With the obtained licenses, the SOMA platform facilitates a direct connection between users and their investments. The securities traded on the platform will not be subject to complex ownership structures, ensuring that investors have full control over their assets. Importantly, this initiative promotes a seamless transfer of listed equities and bonds between SOMA accounts and those of traditional brokerage firms.
Not only does the platform innovate how blockchain securities are traded, but it also integrates traditional markets directly on-chain. This modernized approach enables the merging of real-world assets with digital blockchain assets, offering investors various engagement strategies popular on decentralized exchanges, such as staking.
Financial Incentives and Rewards
Users of the SOMA platform will benefit from attractive financial mechanisms. Along with traditional income streams from securities—like dividends and coupon payments—the platform provides opportunities for additional rewards through staking and other pools of incentives. This dual income structure contributes to a more pronounced financial ecosystem, where investors can enjoy fully paid stock lending returns that will be shared between security holders and those possessing $SOMA tokens. These tokens represent shares of SOMA's Series A Preferred Stock, linking user investments with corporate growth.
About SOMA Finance
SOMA.finance is positioned to be the world's first hybrid decentralized marketplace that offers digital assets and compliant digital securities. The platform is designed for both institutional and retail investors, boasting features such as built-in Know Your Customer (KYC) and Anti-Money Laundering (AML) requirements. This comprehensive approach aims to create a semi-permissionless and regulated decentralized finance (DeFi) marketplace.
Tritaurian's Vision
Tritaurian Capital, a registered broker-dealer and member of FINRA (Financial Industry Regulatory Authority) and SIPC (Securities Investor Protection Corporation), has made substantial strides by being the inaugural broker-dealer to obtain the required licenses for selling digital private placement securities through distributed ledger technology. Their advocacy for blockchain-based securities is rooted in the belief that this technology enhances transferability, transparency, security, and regulatory compliance through its open and programmable nature.
This partnership between SOMA and Tritaurian not only signifies a leap forward in the accessibility and efficiency of blockchain securities trading but also paves the way for a new era of investment opportunities that blend traditional finance with the future of digital assets. As SOMA.finance launches this innovative platform, investor habits, preferences, and the overall market structure may undergo a transformative shift, reshaping the landscape of financial services as we know it.