Dataswyft Welcomes Innovorsa’s USD40 Million Fund to Advance Smart Data Infrastructure
GENEVA, 2 July 2025 – Dataswyft, a leading company in secure, programmable, self-custodied data asset infrastructure, welcomes the launch of the $40 million Thorton-Altima Fund by Innovorsa, announced yesterday at the Global Digital Collaboration Inaugural Conference. As a strategic partner and Innovorsa’s first investee from 2015, Dataswyft sees this milestone as part of a shared mission to build a decentralized, user-driven Smart Data Economy – an emerging paradigm where individuals and organizations control, license, and benefit from their data through infrastructure that embeds rules, rights, and privacy by design.
The Thorton-Altima Fund – the first in a planned three-fund strategy – aims to accelerate the global Smart Data Economy by investing in foundational programs that convert static, siloed data into yield-generating, programmable, self-custodied data assets (“SeCuDAs”). It signals a paradigm shift in how individuals, enterprises, and governments interact with and derive value from data.
“The Smart Data Economy is no longer a theory; it is now programmable, investable infrastructure,” said Professor Irene Ng, CEO of Dataswyft and founding partner of Innovorsa. “This fund reflects a growing global consensus: Data must serve people, not platforms. We are proud to build the technologies and capital structures that enable individuals and businesses to manage, use and share their data responsibly and securely.”
The fund supports the broader ecosystem in which Dataswyft operates, which is to advance adjacent programs and partnerships that make self-sovereign data infrastructure adoption possible at scale. As regulatory momentum grows – from open banking to cross-border trust frameworks – this investment lays the groundwork for privacy-preserving, scalable, and globally interoperable systems.
“The Thorton-Altima Fund reinforces the strategic direction Dataswyft has pursued from the beginning, which is building infrastructure that puts individuals and Micro/SME Firms owning and controlling their data,” said Davide Ceper, senior director, global strategy and growth, Dataswyft. “It supports the initiatives and standards that make our technologies not just possible but scalable across sectors and borders.”
“Innovorsa’s bold capital commitment reflects the global shift we’re seeing from data portability mandates to emerging digital trust frameworks,” said Shah Sidek, senior director of government affairs at Dataswyft. “It’s a decisive step toward building infrastructure that works across borders, complies with regulation, and unlocks economic value.”
Shared Leadership, Shared Vision
Dataswyft and Innovorsa share a common foundation under the leadership of Professor Irene Ng, whose rare combination of academic insight, operational execution, and investment expertise has shaped the direction of both organizations. This integration of research, technology, and finance has led to innovations like the HAT Microserver and Dataswyft Wallet and laid the foundation for an investment strategy focused on self-sovereign, programmable data systems – infrastructures that allow individuals and organizations to control how their data is accessed, licensed, and used through embedded rules, rights and permissions.
The Thorton-Altima Fund is led by Jason Shong, Principal at Innovorsa, who will oversee its deployment across foundational Smart Data Economy initiatives. Announced on the global stage at the Global Digital Collaboration Inaugural Conference in Geneva, the Fund supports initiatives that enable secure, cross-border digital ecosystems.
Key investment themes include:
Enabling data mobility and programmability
Establishing smart data standards and stewardship rules of self-custody data assets
Generating yield with the self-custody data assets
Fostering interoperability across sectors and jurisdictions
Early focus areas include financial services, digital identity, and public-sector innovation, particularly in Europe and Asia-Pacific, where infrastructure demand and regulatory frameworks are rapidly converging.
“We welcome dialogue with partners across policy, technology, and capital markets who share our commitment to building the Smart Data Economy,” added Ng.
About Dataswyft
Dataswyft builds digital infrastructure that powers self-custodied data assets and exchanges, enabling individuals, businesses, and public institutions to store, manage, and license their data securely and independently. Spun out from years of academic research, Dataswyft’s core technologies, including the HAT Microserver, support real-world applications in data portability, digital identity, and cross-platform consent. As a foundational player in the emerging smart data economy, Dataswyft empowers responsible and interoperable data exchange between people, platforms, and systems. For more information visit: www.dataswyft.com
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