SwissOne Capital Launches SISO Fund to Foster Massive Adoption for Shimmer and IOTA Eco_s

Tangle Eco Association (“TEA), one of the backbones of IOTA that provide constant support for builders utilizing the IOTA Technology, has announced it is launching SISO FUND in collaboration with SwissOne Capital AG, to support builders and developers working on “the L1 and L2 DAG-based distributed ledgers, frameworks, and solutions that utilize the Tangle,” in addition to educating and growing awareness

SwissOne is one of the most popular asset Managers known for providing investments for blockchain and crypto-related initiatives. According to Steffen Bassler, CEO of SwissOne Capital, the Fund is to enable early access to projects within the eco

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

Because the support is mainly to Shimmer and IOTA eco-related projects, it would provide qualified institutional investors access to these ecos through a basket of token and equity holdings including MIOTA and $SMR. According to the press release, SISO Fund would also be registered as a close-ended limited partnership in Luxembourg and would have a minimum investment of €10,000 (or equivalent in $MIOTA or $SMR).

It is important to note that SISO has a couple of strategies. One of the strategies of this initiative is to leverage asymmetric risk-return investment opportunities while ensuring that downside risk is mitigated. Another strategy is to ensure that there are several opportunities within the eco including activities in Decentralized Finance (DeFi) that generate attractive yields. Some of these are “liquidity pools, automatic market makers, and lending pools.”

More Updates on the Fund and Benefits to IOTA Investors

The report emphasizes the advantage of investing with a seasoned management team. According to them, investors could stand a chance of benefiting from any risk management strategies, sharing the cost of due diligence, gaining early access to projects, and saving time. In addition, it is aimed at providing long-term investment growth in the Shimmer and IOTA eco

Dominik Schiener, the Co-Founder of IOTA commented on the launch of the SISO Fund

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 eco and to see SISO grow alongside the community.

SwissOne Capital is said to only collaborate with highly respected and trusted vendors that adhere to the strictest possible protocols when authorizing transactions through multi-signature authorization

As of the time of writing, IOTA (MIOTA) was trading at $0.184389 after surging by 16 percent in the last seven days. The asset is, however, 7 percent and 11 percent down in the last 30 days and 90 days respectively