IOTA Foundation

Developing the next generation of protocols

IOTA Foundation Background

The IOTA Foundation was established in Germany as a formal, non-profit organization (‘gemeinnützige Stiftung’) in 2017 by Dominik Schiener and David Sønstebø.

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The IOTA Foundation’s primary goals are to:

  • Research and secure the foundational protocol layer, and create new knowledge to benefit the ecosystem behind the economy of things.
  • Develop production-ready software for the community, partners, and ecosystem to use and expand upon.
  • Educate and promote technologies and use cases for new generations to understand and to ensure the Foundation’s success.
  • Standardize and ensure the maturity and widespread adoption of the economy of things.

The IOTA Foundation is funded in three ways:

  • Holdings of IOTA tokens from community donations and unclaimed tokens from the initial crowdsale.
  • Grants from governments to perform research and development.
  • Donations from individuals or enterprises.

The IOTA Foundation is governed by a formal charter and includes:

  • A Governing Board to set and achieve the Foundation’s vision and run its operations.
  • A Supervisory Board to guide and oversee the performance of the Governing Board.
  • An Advisory Board to provide independent advice, perspective, and direction.

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IOTA Foundation Team

David Sønstebø
David Sønstebø

Co-Chairman of the Board of Directors & Co-Founder

Dominik Schiener
Dominik Schiener

Co-Chairman of the Board of Directors & Co-Founder

IOTA Foundation
Serguei Popov

Member Board of Directors & Founder

IOTA Foundation Headquarters

Stresemannstraße 123, 10963 Berlin, Germany

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