The Tomorrow impact fund reopens to new buyers this week, ending a purchasing lockout that stretched well beyond the company’s original autumn 2024 promise. Customers of the Hamburg sustainable banking app can once again open a securities account and buy into the fund, nearly two years after the buying function was suspended.
The Tomorrow Fund (ISIN: DE000A2QK5D4) held €15.41 million in assets at the end of December 2025, according to fund data published by Das Investment. That figure tells only part of the story: data from the Universal Investment fund finder puts the fund’s volume at approximately €10.5 million as at 8 June 2026, a material drop of roughly a third over five months. The fund launched in June 2021 and is managed by Benjamin Kaden, according to FT Markets.
The fund is classified as an Article 9 product under the EU’s Sustainable Finance Disclosure Regulation (SFDR), the strictest sustainability category, requiring the fund to have a specific sustainable investment objective rather than merely promoting environmental or social characteristics. Its portfolio spans more than 70 listed companies, from bicycle component makers to wind turbine specialists.
Annual costs run to roughly 1.5% in total, split between 1.2% in management and operating fees and 0.3% in transaction costs. Legally, Tomorrow GmbH acts as a tied agent, meaning it distributes the fund in the name and on behalf of lemon.markets brokerage GmbH rather than holding its own investment licence. It is registered in the public register maintained by the Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin), Germany’s financial regulator.
How the Tomorrow Impact Fund Reopens Inside a Changed Infrastructure
Tomorrow stopped accepting new securities accounts on 11 June 2024 while it migrated custody away from a chain involving Solaris SE, Baader Bank and DonauCapital, and across to Berlin-based lemon.markets. Existing holders kept their positions during the switch but could not trade. The company told customers buying would return in autumn 2024. It arrived in 2026.
lemon.markets itself is no longer independent. Deutsche WertpapierService Bank completed its acquisition of the firm on 30 September 2025, after BaFin cleared the deal, slotting an API brokerage platform into a custodian that holds €2.2 trillion in assets and processes transactions for roughly two thirds of German banks. Max Linden, lemon.markets Founder and Chief Executive, described the platform as ‘a modular foundation that grows with partners like Tomorrow.’
Solaris SE, which still handles the banking side of Tomorrow’s product, has faced repeated regulatory action in Germany. BaFin imposed a €500,000 fine on Solaris in June 2025 for repeatedly breaching large exposure limits between January 2022 and March 2024. That followed a separate €6.5 million fine published by BaFin in March 2024 for systematically submitting suspicious transaction reports late. Earlier still, in January 2023, BaFin ordered Solaris to overhaul its risk management and anti-money laundering controls and appointed a special commissioner, extending a mandate that had originally been ordered in January 2022.
Tomorrow does not hold a banking licence of its own, so every transaction flows through Solaris. The regulatory trail matters to any customer weighing the operational resilience of the platform behind their account.
A Second Product: The Inyova Impact ETF
Alongside the fund reopening, Tomorrow customers can now also buy the Inyova Impact Investing Active Equity Fund EUR UCITS ETF (ISIN: LU3075459852). The fund began operations on 5 December 2025 and, according to Deutsche Börse, invests in global companies whose products and services are designed to generate measurable positive impact.
The ETF is actively managed and accumulates income rather than paying it out as dividends. Tomorrow quotes a product cost of 0.95%, though ETF data provider ETF Atlas lists a total expense ratio of 1.50% for the same fund; the difference likely reflects that the two figures capture different cost components, so investors should check the fund’s key information document for the full ongoing charge figure.
The fund trades on Deutsche Börse’s Xetra and on gettex under the ticker INY0, according to JustETF. SIX Swiss Exchange confirmed on 22 January 2026 that Inyova SICAV joined as a new ETF issuer, the first of the year on that exchange. Tomorrow says more investment products are planned, though it has not given a timeline.
Co-Founder and Co-CEO Inas Nureldin said the fund is ‘now open to everyone who wants to invest in line with their values.’ The sharper question for prospective investors is whether the fund’s shrinking assets and the regulatory record of its banking partner affect that proposition. Tomorrow says it has more than 100,000 customers and around 10,000 crowd investors; how many return to buy now the freeze has lifted will be the first real test of demand.
