Thesis

For two decades, crypto removed trust. The next decade will measure it.

Crypto has worked where the application is verifiable. Stablecoins moved $28 trillion last year without a bank. Perp exchanges cleared $6.7 trillion without a clearinghouse.

The next frontier is harder to verify. Agents making judgment calls, exchanging heterogeneous commodities, producing subjective outcomes.

Soma is building a system for measuring trust, starting with inference.