Aktionariat review

Aktionariat is a Swiss company that provides software and infrastructure for issuing, managing and trading shares of private companies as tokens on public blockchains. Its homepage describes an end-to-end ecosystem covering shareholder management, issuance, trading and compliance. DefiLlama lists it in the real-world assets category, and it has been tracked there since April 2023.

The company says more than 90 companies have tokenized shares through its platform, that CHF 60 million or more has been raised, and that it has over 35,000 registered investors. These are self-reported figures from its homepage. A 2022 press item names RealUnit Schweiz as a customer and describes a share purchase arranged with Aktionariat, and customer quotes on the homepage describe the issuer portal and share register.

The platform is built for two groups. Companies want to move their share register onto a digital system, and investors want a way to sell stakes that otherwise have no ready market. Third-party listing sites sometimes describe the business as a crypto exchange, but the company's own material focuses on issuers and their shareholders.

Aktionariat's model is to represent a company's shares as tokens on a public blockchain. A company that uses the platform sets up its share register on-chain, and each share transfer or new issuance is recorded there. The company's material says these records update in real time and are validated against its share ledger.

For a newcomer, a token here is best understood as a digital record of a share. The rights attached to a share, such as voting and dividends, are set by company law and the company's articles, not by the blockchain alone. Aktionariat's tools aim to keep those two records in line with each other.

Investors use the company's investor page or the Aktionariat app to buy and sell tokenized shares. The app says it matches orders and shows pricing, and each user holds the tokens in a built-in self-custody wallet. Tokenized shares of private companies generally have fewer buyers than public stocks, so trades may take longer to fill or may not fill at the price a seller wants.

Aktionariat's fee schedule is not stated in the material reviewed. The official site has a Pricing page in its main navigation, which is the place to find current costs for issuers and for investors.

Because fees are not in the sources, no fee score is given. Readers should also expect possible network costs when shares are transferred on a public blockchain, and should confirm with the company whether these are passed on.

No audits are listed on DefiLlama for Aktionariat. The company's blog includes a 2026 transparency report titled around a Brokerbot smart contract vulnerability and its remediation. The sources reviewed give only the title, so the severity, timing and fix are not established here. Readers should read that report directly and look for any independent audit.

Custody works through a self-custody wallet in the app, so the user is responsible for access. The company does not describe a recovery route in the material reviewed. Counterparty risk also matters: the platform runs the issuer portal, the register and the trading tools, so the company's continued operation affects access to holdings.

The regulatory status of its trading activity is not established in the sources reviewed. Investing in private company shares carries high risk, including loss of capital and limited ability to sell. Online investing products should be used only where they are legal for you, and you should take independent advice before investing.

Aktionariat is best suited to private Swiss companies that want to digitize their share register and to investors already comfortable with illiquid, self-custodied holdings in private companies. It is not designed for people who want the liquidity and standard protections of listed public stock.