The proof points
Actual securities offeringAkemona's technology was used for a real Regulation CF offering, rather than a proof of concept.
Equity represented by a security tokenThe instrument was Series A preferred stock represented by the $SOMA token—a security, not a standalone utility or reward token.
Regulated offering workflowAkemona acted as the Reg CF offering intermediary and provided the platform used for the offering.
Custom KYC/AML API integrationAkemona enhanced the platform to check SOMA.Finance's existing investor records automatically when investors reached the investment page.
Issuer-system verification before investmentThe workflow confirmed that investors were recognized by SOMA.Finance and had already completed its KYC/AML checks before allowing them to proceed.
On-chain stablecoin investmentInvestors who passed the check could invest using USDC on Ethereum, linking an external verification system to a blockchain-based subscription workflow.
Integration and customization servicesThe project demonstrates Akemona's ability to adapt tokenized securities offering infrastructure to a customer's operational systems rather than requiring a one-size-fits-all process.
Independent issuer adoptionSOMA.Finance selected Akemona as a third-party platform for its own tokenized equity raise.
Technology continuityThe same foundational technology that supported the tokenized offering also powers OnchainTA's digital securities infrastructure.
Complementary proof pointTogether with OnchainTA's actual transfer agency engagements, SOMA.Finance helps illustrate the relationship between digital securities issuance and subsequent securities administration.
The offering use case
Tokenized equity must still function as an equity security. An offering needs clearly defined securities, an issuer, investor participation processes, and an appropriate issuance and subscription workflow. Representing equity with a blockchain token is only one component.
SOMA.Finance's offering placed preferred equity and its digital security token representation within a regulated securities-offering process. Akemona supplied the offering platform and intermediary services for the Regulation CF transaction.
The integration challenge: reuse verified investor records
SOMA.Finance had already performed KYC/AML checks for some investors before they arrived at Akemona's investment page. SOMA.Finance wanted investors to be recognized in its own system, and its previously completed verification status confirmed, before they could make investments through Akemona.
The requirement was not simply to add a blockchain payment option. It was to connect an existing investor-verification system with a digital securities investment workflow, helping recognized, previously verified investors proceed without an unnecessary duplicate KYC/AML process.
The solution: a customized tokenized securities offering on Akemona
Preferred equity represented by a digital security token
SOMA.Finance structured its $SOMA security token to represent Series A preferred stock. This illustrates the use of a blockchain-based token as the digital representation of an equity security rather than a token without underlying ownership rights.
A live Reg CF offering platform
Akemona supported the offering through its securities platform and served as the Regulation CF intermediary. The project is a practical demonstration of the platform being used in an actual offering, subject to the regulated offering process, rather than only being presented in product demos.
API integration with SOMA.Finance's existing KYC/AML system
Akemona created an API integration and enhanced its investment workflow so that verification occurred automatically when an investor landed on the investment page. The platform checked SOMA.Finance's system for two essential facts: whether the investor was known to SOMA.Finance, and whether SOMA.Finance had already completed the investor's KYC/AML verification.
The result became a gate in the investment process: after a successful issuer-system check, the investor was allowed to proceed. SOMA.Finance's existing verification records determined who could proceed; the platform checked their status at the moment of investment.
Ethereum investing using USDC stablecoins
Once the issuer-system verification was successful, the investor could make the tokenized securities investment on Ethereum using USDC stablecoins. The engagement thus combined an issuer-specific API integration with a blockchain-based digital securities investment flow.
Customization and integration for tokenized securities
Akemona adapted the offering platform to interoperate with SOMA.Finance's system, so the issuer kept its existing investor records and completed compliance checks counted. This is a concrete example of customer-specific platform development, API integration, and workflow customization for regulated digital securities offerings.
For an issuer evaluating tokenization infrastructure, the benefit is practical: existing systems and established business processes can be connected with blockchain-based issuance and investment workflows. Integration of this kind is also central to OnchainTA's digital transfer agent services, which connect tokenized securities to issuers' and transfer agents' existing systems through APIs.
A technology foundation that extends to digital transfer agency
Akemona's tokenization platform and OnchainTA share an underlying digital securities technology foundation. For prospective issuers, this matters because a tokenized security should be designed with more than initial token creation in mind: ownership, investor communications, transfer restrictions, and lifecycle administration also need a coherent technology framework.
Scope: Akemona provided the tokenization, offering and integration technology for SOMA.Finance's offering. Transfer agency, later token issuances and trading were outside this engagement.
KYC/AML API check and USDC investment in tokenized preferred equity
What this engagement demonstrates
Production-market relevance.The platform supported a real securities offering in which the issuer's preferred equity was represented by a digital security token.
Regulated securities experience.The work took place in a Regulation Crowdfunding offering process, providing a relevant reference for issuers seeking tokenization technology suited to securities rather than generic crypto tokens.
Flexible integration with issuer systems.Akemona built a custom API connection to confirm existing investor identity and KYC/AML completion status within SOMA.Finance's systems as part of the investment journey.
Connected compliance checks and on-chain payment.The investment process brought together automatic verification against issuer records and USDC investments on Ethereum. The verification was a prerequisite to proceeding with the investment.
Reduced duplication for previously verified investors.Reusing SOMA.Finance's prior KYC/AML verification status gave previously verified investors a more streamlined journey.
Beyond a single asset class.Alongside the Wolfer.Finance equity and CAF institutional debt use cases, SOMA.Finance illustrates how the Akemona technology foundation can serve distinct digital securities scenarios.
Relevance to the digital transfer agent ecosystem.This is evidence of the technology underlying OnchainTA, while OnchainTA's own engagements, such as Wolfer.Finance, establish its transfer agency experience.
Frequently asked questions
What securities were involved in the SOMA.Finance offering?
The offering concerned Series A preferred stock represented by the $SOMA digital security token.
Was this a proof of concept?
No. SOMA.Finance used Akemona for an actual Regulation CF tokenized equity offering in 2024.
How was SOMA.Finance's existing KYC/AML verification integrated?
Akemona created an API integration that automatically checked SOMA.Finance's system when an investor reached the investment page. The check confirmed that SOMA.Finance recognized the investor and had completed its KYC/AML process before Akemona allowed the investor to proceed.
Did Akemona conduct KYC/AML checks again for previously verified investors?
The integration confirmed the status of the KYC/AML verification SOMA.Finance had already completed, so previously verified investors could proceed without an unnecessary duplicate process. Investors had to pass this issuer-system check before investing.
Did SOMA.Finance investors use USDC on Ethereum?
Yes. Following a successful verification check, investors could make investments through the Akemona offering platform on Ethereum using USDC stablecoins.
What does this case study show about tokenization platform customization?
Akemona modified its offering platform to connect with an issuer's existing investor-verification system. It demonstrates API development, workflow integration, and customization for regulated tokenized securities offerings.
Did OnchainTA act as SOMA.Finance's transfer agent?
No. Akemona provided the offering platform, issuer-system API integration, and related offering services. SOMA.Finance is a proof point for the underlying tokenization technology, not a claim that OnchainTA provided transfer agency services to this issuer.
Why does this matter to someone evaluating a digital transfer agent?
Tokenized securities administration begins with securities issuance and investor records that work within existing operational systems. SOMA.Finance demonstrates Akemona's practical issuance-platform experience, including custom investor-verification APIs and USDC investments on Ethereum. The same underlying technology supports OnchainTA's separate digital transfer agent services for tokenized securities, including transfer agent integration with issuers' existing systems.