Animoca Brands Leads $6.5M Round for Decentralized Exchange SOMA Finance

Posted on by American Coins & Gold

Animoca Brands Leads .5M Round for Decentralized Exchange SOMA Finance
SOMA Finance, a decentralized exchange for trading digital assets and compliant digital securities, has completed a $6.5 million seed round led by blockchain gaming and open metaverse company Animoca Brands.SOMA aims to be a fully compliant decentralized exchange (DEX) and product suite for institutions and retail investors.Proposed services include built-in Know Your Customer (KYC) and anti-money laundering (AML), digital asset trading and permissionless regulated automated market making (AMM).The company was founded as a joint venture between Hong-Kong based decentralized finance (DeFi) platform MANTRA DAO and New York-based Tritaurian Holdings, which has a FINRA licensed broker-dealer subsidiary.Other participants in the round…