Worldcoin Foundation

The Worldcoin Foundation is an exempted limited guarantee foundation company incorporated in the Cayman Islands. To learn more about this type of entity, check out this Guide to the Cayman Islands Foundation Company from the Foundation’s outside counsel at the law firm Ogier. 

The aim of the Foundation is both philosophical and political: to realize more inclusive, fair, and just institutions of governance and of the global digital economy, including by helping achieve certain targets of U.N. Sustainable Development Goal 16 (namely, 16.4, 16.5, 16.6, 16.7, and 16.9). To that end, it serves as the steward of the Worldcoin protocol, supporting and growing the ecosystem until it becomes self-sufficient.

Today, the Worldcoin Foundation is “memberless”; it has no owners or shareholders. It is governed by a Board with four Directors, Chris “W” Waclawek, Phillip Sippl, Weinberger Ventures GmbH (acting through its sole director, Pascal Weinberger), and another Cayman Islands based professional director.

The Foundation’s founding documents specifically contemplate DAO-driven governance. The documents make it possible, through a prescribed process, for the DAO to make recommendations to the Foundation’s Board of Directors. The Board is then bound to “observe, implement, carry out, action and execute with best efforts any and all DAO Recommendations,” subject to directors’ fiduciary duties and legal requirements. 

Here you can review the Foundation’s key documents:

World Assets Limited

World Assets Limited is a business company incorporated in the British Virgin Islands. The Worldcoin Foundation is the sole member and sole director of World Assets Ltd.

World Assets Ltd. is the entity responsible for issuing the 75% of all Worldcoin tokens (WLD) that have been allocated to the Worldcoin community. As such, it is solely responsible for the content of the Worldcoin documentation located at whitepaper.worldcoin.org. The content there has not been reviewed or approved by any competent authority in the BVI, the EU, or elsewhere.

Here you can review World Assets Ltd.’s key documents:

ZipCode GmbH

In preparation for the stewardship for the project to transition to the Worldcoin Foundation in July 2023, the Foundation acquired and vested significant responsibility for its data processing activities in ZipCode GmbH, a subsidiary based in Bavaria, Germany. ZipCode provides software development services, and plays a decisive role in the project’s data processing, both in terms of system design and practical execution. Its services are inextricably linked with the Foundation's processing activities.