RealUnit Shares (REALU: RealUnit Schweiz AG’s registered shares as Swiss ledger-based securities on Ethereum)
Research and shelf status are on the memo: RealUnit Shares (REALU) Adverse research finding
Who may buy, hold, transfer, and redeem
Each answer rests on the issuer’s own words, quoted from the document named under it. Ketju re-reads each document and records whether the words are still there. Where the documents say nothing, the row says so.
- What the holder owns
Each token is one RealUnit Schweiz AG registered share in the form of a Swiss ledger-based security.
“Form Ledger-based securities as defined in article 973d ss. of the Swiss Code of Obligations (”CO”).”
RealUnit Schweiz AG, Registration Agreement, version 3 March 2026 (English; the German version prevails) · Section 1, General Information · words found 2026-09-23
- Who may hold it
The company addresses its documents only to residents of Switzerland, Germany, Austria and Liechtenstein, and bars the United States among other countries.
“Die Dokumente richten sich nur an Personen mit Wohnsitz in der Schweiz, Deutschland, Österreich und Liechtenstein.”
RealUnit: RealUnit kaufen (share versus token) and legal notice · Wichtige rechtliche Hinweise für Investoren (legal notice) · words found 2026-09-23
- First purchase minimum
No minimum is stated; one token is one share, and trades above CHF 100,000 must be arranged with the company.
Not stated in RealUnit Schweiz AG, Registration Agreement, version 3 March 2026 (English; the German version prevails), RealUnit: Aktientoken page and FAQ, RealUnit: RealUnit kaufen (share versus token) and legal notice, RealUnit Schweiz AG investor page (hosted by Aktionariat).
- Account types
Every holder agrees to register with the company as a shareholder soon after acquiring tokens.
“Share Token Holders hereby acknowledge and agree to register with the Issuer as shareholders within a short period after acquiring, or receiving, their Share Tokens.”
RealUnit Schweiz AG, Registration Agreement, version 3 March 2026 (English; the German version prevails) · Section 6, Shareholder Registration · words found 2026-09-23
- Who it may be transferred to
Transfers are free today, but the contract has an allowlist the company may switch on, and then transfers go only to addresses it has approved.
“the technical transfer of Share Tokens may be subject to the target address being allowlisted, thereby technically preventing transfers to addresses that have not been previously approved by the Issuer.”
RealUnit Schweiz AG, Registration Agreement, version 3 March 2026 (English; the German version prevails) · Section 4, Transfer of Share Tokens · words found 2026-09-23
- How a holder redeems
No redemption; holders sell on the company’s trading page, where RealUnit Schweiz AG itself is the counterparty (in German: “The counterparty is RealUnit Schweiz AG”).
“Wer verkauft die RealUnit-Aktientoken auf dem Handelsplatz der Webseite? Die Gegenpartei ist die RealUnit Schweiz AG.”
RealUnit: Aktientoken page and FAQ · FAQ, Fragen zum RealUnit-Token · words found 2026-09-23
- Who keeps the official record
The contract records who holds the share; the company keeps a separate share register, and only persons entered in it may vote or take dividends.
“Only persons registered in the Share Register are entitled to the rights as a shareholder, such as voting and dividend rights.”
RealUnit Schweiz AG, Registration Agreement, version 3 March 2026 (English; the German version prevails) · Section 6, Shareholder Registration · words found 2026-09-23
- What the issuer says it can freeze or take back
The allowlist is off today; the owner key can switch it on and mark addresses forbidden, and can cancel a pending recovery claim.
“The allowlist function is deactivated at the time of adoption of this Agreement.”
RealUnit Schweiz AG, Registration Agreement, version 3 March 2026 (English; the German version prevails) · Section 1, Smart Contract · words found 2026-09-23
| Fact | What the file records |
|---|---|
| Who onboards the holder | No onboarding |
| Voting rights | Yes |
| Distributions | cash |
| SIPC coverage of the wallet | No |
Who can change the record
Powers read from the deployed contracts and their verified source: the token and every contract it consults on transfer. A power recorded here is the issuer’s ability, not evidence it has been used.
| Chain | Freeze a holder | Pause | Claw back | Gate holders | Change the code | Keys held by |
|---|---|---|---|---|---|---|
| Ethereum | Yes | No | No | Yes | No | Owner key: a contract. |
Who holds the keys
Every current holder of each power, read from the chain on 2026-09-23. A single key is one private key: whoever holds it acts alone. A multisig needs the stated number of signers. A timelock makes every action wait, so holders can see it coming.
| Chain | Key | What it can do | Held by | Address |
|---|---|---|---|---|
| Ethereum | Owner | grant and revoke these powers, mint new tokens | a contract | 0x66e1…0cd7 |
Ethereum: 1 contract read at block 26042802, 3 functions in verified source, 2026-09-23
- owner()=0x66e17bb356d4f86da1feae8c449db0ded8ca0cd7
- setType in verified source 0x553c…090b
- setType in verified source 0x553c…090b
- mint in verified source 0x553c…090b
Where it trades
| Venue | Kind |
|---|---|
| RealUnit app and Brokerbot (RealUnit Schweiz AG as counterparty; technology by Aktionariat) | issuer primary |
No Tokenized Securities Venue lists this token. Secondary trading, if any, is outside the exemption.
How it exits
| Path | Settlement | Settles in |
|---|---|---|
| Secondary market only; no issuer redemption | No redemption. Holders sell through the company’s Brokerbot (0xcb3a03c5ed8bbc8b7040da9ceb459a9736aea30d), where RealUnit Schweiz AG is the counterparty, settled in Frankencoin (ZCHF); on 23 September 2026 it quoted ZCHF 1.23 a share both ways against an indicative NAV of CHF 1.33, and held no REALU and no ZCHF of its own at block 26042814. The RealUnit app charges 1% on a sale. Tokens cannot be converted into the listed bearer shares. | ZCHF, CHF |
- The owner multisig 0x66e17bb356d4f86da1feae8c449db0ded8ca0cd7 calls setApplicable(true) or marks any address forbidden with setType
- The owner mints tokens, raises totalShares, or declares tokens invalid
- A recovery claim is filed or deleted against a REALU address
- RealUnit Schweiz AG replaces the Registration Agreement, changes its legal notice, or opens the offer to other countries
- The Brokerbot stops quoting, or its settings disable buying or selling
What the monitor reads daily
Every control function in the table above and the contracts the token consults on transfer; the token’s on-chain supply against yesterday’s; and its market quote against yesterday’s quote, since a fund of this kind accrues a few basis points a day. Every document quoted above is re-read too, and a quote that leaves its document reopens the file. A change opens a review item in the governance queue and reopens the file before any client action.
Sources
- RealUnit Schweiz AG, Registration Agreement, version 3 March 2026 (English; the German version prevails) · primary · accessed 2026-09-23
Supports: issuer CHE-153.894.905, registered shares as ledger-based securities under CO 973d, contract 0x553C7f9C780316FC1D34b8e14ac2465Ab22a090B, allowlist deactivated at adoption; tokens may become subject to allowlisting, off-chain share register; only registered holders exercise rights, holders agree to register, recovery; issuer may cancel a pending recovery, bearer shares publicly listed - RealUnit Schweiz AG, Articles of Association (Statuten), as of 10 April 2026 · primary · accessed 2026-09-23
Supports: 4,631,855 registered and 44,462,121 bearer shares, CHF 1.00 nominal, capital band to 10 April 2028, register-value rights transfer under CO 973d ff. and the token rules - RealUnit: Aktientoken page and FAQ · primary · accessed 2026-09-23
Supports: tokens are registered shares as register-value rights, company is counterparty on the trading page, trades above CHF 100,000 by arrangement, 1% app sale fee, no conversion from bearer shares, company wallet and Brokerbot addresses, bearer shares listed on BX Swiss - RealUnit: RealUnit kaufen (share versus token) and legal notice · primary · accessed 2026-09-23
Supports: bearer share as book-entry security versus registered share as register-value right, documents only for residents of CH, DE, AT, LI, excluded jurisdictions, not registered under the US Securities Act - RealUnit: Aktie und Finanzdaten · primary · accessed 2026-09-23
Supports: BX Swiss listing, ISIN CH1129911108, indicative NAV CHF 1.33, asset allocation at 30 June 2026 - RealUnit Schweiz AG investor page (hosted by Aktionariat) · primary · accessed 2026-09-23
Supports: 49,093,976 total shares, 4,631,760 tokenized, 337 holders, last trade CHF 1.38, Aktionariat keeps the share register - RealUnit Schweiz AG, half-year report to 30 June 2026 · primary · accessed 2026-09-23
Supports: equity CHF 62.1 million, own shares and tokens held - AllowlistShares contract on Ethereum (Sourcify exact match) · primary · accessed 2026-09-23
Supports: owner setType and setApplicable, mint up to totalShares, declareInvalid is declarative, recovery with 180-day claim period, no pause, no upgrade, no owner transfer of holder balances - Zug commercial register, RealUnit Schweiz AG · primary · accessed 2026-09-23
Supports: company registration CHE-153.894.905