Published on September 06, 2023 12:47 GMT+00:00edited on September 06, 2023 12:49 GMT+00:00

SOMA Finance, a collaborative venture between DeFi product provider MANTRA and registered broker-dealer Tritaurian Capital, is planning to introduce the SOMA token — which it claims will be the first legally issued and compliant digital security for U.S. and global retail investors.

The SOMA token is the first Regulation Crowdfunding issuance on the U.S.-compliant hybrid decentralized marketplace, adding digital securities to its crypto asset and NFT platform rollout, according to a statement today. “Regulation Crowdfunding opens up entirely new access to capital and compliant digital assets to companies seeking to benefit from DeFi without violating securities law and regulations,” the company said.

Contrasting crypto tokens that don’t represent equity in the issuer, the SOMA token …