IOTA Foundation – the hybrid foundation


Alliance magazine


The IOTA Foundation is the first foundation whose capital consists entirely of a crypto-currency. Dominik Schiener, one of the founders, explains in an interview with the Association of German Foundations how to improve our digital age by harnessing features of a traditional German organisational form.

‘It was clear to us right from the start that we could only realise the vision of the IOTA project through a foundation. We are not a Silicon Valley start-up focused on maximising profit; we have a strong focus on maximising the impact of our technologies and the ecosystems we build and enable.’ Dominik Schiener, IOTA Foundation.

Read the full interview here:


Tagged in: Next Philanthropy

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