History

Founded in 2017, the ICON Foundation's mission is to build a world where people can exchange value freely and securely — without intermediaries, across borders, and without friction. We are dedicated to supporting the long-term growth of open-source, decentralized technologies, with a particular focus on blockchain interoperability and decentralized finance (DeFi).

Our primary focus is the development and promotion of SODAX, a next-generation DeFi protocol that evolved from the ICON Project. SODAX delivers seamless cross-chain liquidity, swaps, and lending capabilities across more than a dozen blockchains through a unified liquidity model, intent-based execution, and a developer-friendly SDK. In addition, the Foundation supports a range of initiatives that advance our mission of open, accessible, and interconnected finance.

Established as a not-for-profit foundation under Swiss law, the ICON Foundation operates exclusively to serve its mission — not to pursue profit. All resources are directed toward advancing innovation, supporting education, and funding development in alignment with our purpose.

Headquartered in Zug, Switzerland, the ICON Foundation is part of a global, decentralized network of organizations, teams, and community members working together to expand the reach of blockchain technology. Together, we foster innovation, fund ecosystem growth, and advance cross-chain solutions that connect and empower blockchain communities worldwide.