SwissOne launches first fund to support the Shimmer and IOTA ecosystems

BERLIN. June 27, 2023 –  Tangle Ecosystem Association (“TEA”), a Swiss-based association that supports builders utilizing IOTA’s technology, is announcing the first fund from SwissOne Capital AG, a specialized digital asset manager focused on cryptocurrencies and blockchain-related investments. Dedicated to Shimmer and IOTA ecosystem projects, it will invest in the leading projects and essential infrastructure across both ecosystems. Through a basket of token and equity holdings, including $MIOTA and $SMR, the fund will offer institutional and qualified investors access to both growing ecosystems. SISO will be registered as a close-ended limited partnership in Luxembourg with a minimum starting investment of €10,000 (or equivalent in $MIOTA or $SMR).

IOTA is a pioneering open-source distributed ledger technology (DLT) that utilizes a directed acyclic graph (DAG) structure instead of a traditional blockchain to provide a more efficient and scalable L1 network. Shimmer is the incentivized L1 staging and validation network of the IOTA DLT. It allows developers to build and launch innovative dApps and ecosystems and test new features before they become available on the IOTA mainnet. Together, IOTA and Shimmer have one of the oldest and largest crypto communities and one of the most unique ecosystems building dApps, infrastructure, and networks. 

SISO, which was created in collaboration between SwissOne Capital and the Tangle Ecosystem Association (“TEA”), a Swiss-based association that supports builders utilizing IOTA’s technology, aims to foster long-term sustainable growth in the Shimmer and IOTA ecosystems. The advantageous timing relative to the launch of ShimmerEVM will ensure it is an anchor investor to many of the foundational infrastructures and projects in the ecosystem. 

The strategy of SISO involves taking advantage of asymmetric risk-return investment opportunities and mitigating downside risks. It also includes a wide range of opportunities across the ecosystem of projects, starting with activities in Decentralized Finance (DeFi) that generate attractive yields, such as liquidity pools, automatic market makers, and lending pools.

Investing with a seasoned management team has several advantages. Investors can share the costs of due diligence, benefit from risk management techniques, save time, and gain early access to projects. At the same time, investing with the management team allows for independent investment decision-making.

Dominik Schiener, the Co-Founder of IOTA, commented on the SISO fund launch, stating, "ShimmerEVM is the first of many Smart Contract Chains on Shimmer and adds unique features and capabilities to EVM, giving builders a user-friendly and expanded set of tools to build novel web3 applications. With the introduction of EVM-compatible smart contracts, Shimmer and IOTA kick off a new era of growth fueled by crypto-native use cases, primarily in DeFi, NFTs, gaming, and more. We are thrilled to see SwissOne Capital's commitment to investing in projects across the ecosystem and to see SISO grow alongside the community."

Steffen Bassler, CEO of SwissOne Capital, says, "We are excited to launch this fund and offer our clients early access to projects building within the Shimmer and IOTA ecosystem. With ShimmerEVM rolling out, we believe this is the perfect time to launch a dedicated fund. We are committed to working with the Tangle Ecosystem Association to ensure that the fund is managed in the best interests of our clients."

The firm's first and foremost priority is to ensure the safety of its clients' investments, and maintaining their trust is essential. SwissOne Capital only partners with highly respected, trusted, and regulated vendors and follows the strictest possible protocols when authorizing transactions via multi-signature authorization. 

Overall the fund promises to be a great opportunity for investors looking to gain exposure to the Shimmer and IOTA ecosystem as well as directly to IOTA and Shimmer tokens. Over time, SwissOne Capital will explore additional financial products for retail investors.