Eligibility file · Stock

RealUnit Shares (REALU: RealUnit Schweiz AG’s registered shares as Swiss ledger-based securities on Ethereum)

What the client owns

RealUnit Schweiz AG registered shares (Namenaktien, CHF 1.00 nominal), one token per share; not the bearer shares listed on BX Swiss (ISIN CH1129911108), which trade as a separate class. Issuer direct: The on-chain record is the securityholder file; the holder is the registered owner.

Who may hold it

Not offered to US persons. First purchase minimum not stated. The company’s legal notice addresses its documents only to residents of Switzerland, Germany, Austria and Liechtenstein, bars the United States, Japan, Canada, New Zealand and Australia, and says the shares are not registered under the US Securities Act. A wallet can receive tokens without any check while the allowlist is off. The company sells through its app, and the Registration Agreement obliges every holder to register as a shareholder soon after acquiring tokens. The documents state no minimum; one token is one share, and tokens are not divisible. A holder must arrange any trade above CHF 100,000 with the company first.

Who can freeze or claw back

Ethereum: can freeze a holder, gate who may hold, mint. A contract holds the owner key.

How a holder redeems

Secondary market only; no issuer redemption. No redemption. Holders sell through the company’s Brokerbot (0xcb3a03c5ed8bbc8b7040da9ceb459a9736aea30d), where RealUnit Schweiz AG is the counterparty and trades settle in Frankencoin (ZCHF). On 23 September 2026 the Brokerbot quoted ZCHF 1.23 a share both ways, against an indicative NAV of CHF 1.33, and it held no REALU and no ZCHF of its own. The RealUnit app charges 1% on a sale. Holders cannot convert tokens into the listed bearer shares. Settles in ZCHF, CHF.

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The verdict is on the memo: RealUnit Shares (REALU) Not approved

Issuer

RealUnit Schweiz AG (Baar, Switzerland; CHE-153.894.905), a Swiss investment company whose bearer shares are listed on BX Swiss; it issues the tokens and is the counterparty on its Brokerbot; Aktionariat AG (Erlenbach) is technical partner and keeps the share register

Registration

Other

Official record

RealUnit Schweiz AG (share register kept by Aktionariat AG; the token contract is the ledger-based securities register)

Instruments

REALU

Chains

Ethereum

Reviewed

2026-09-23

Next review

2027-03-23

Eligibility

Each answer quotes the issuer’s own words from the document named under it. Ketju reads each document again and records whether the words are still there. Where the documents say nothing, the row states that.

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

The documents state no minimum; one token is one share, and a holder must arrange any trade above CHF 100,000 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

Holders cannot redeem. They 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	Answer
Who onboards the holder	No onboarding
Voting rights	Yes
Distributions	cash
SIPC coverage of the wallet	No

Who controls it

Ketju read these powers from the deployed contracts and their verified source code: the token and every contract it checks on a transfer. A power listed here is something the issuer can do; it does not mean the issuer has used it.

Chain	Freeze a holder	Pause	Claw back	Gate holders	Change the code	Keys held by
Ethereum	Yes	No	No	Yes	No	A contract holds the owner key.

Who holds the keys

Ketju read every current holder of each power from the chain on 2026-09-23. A single key is one private key, and whoever holds it acts alone. A multisig needs the stated number of signers. A timelock delays every action, so holders can see it before it takes effect.

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, 3 functions in verified source, 2026-09-23

Read from the chain

owner()=0x66e17bb356d4f86da1feae8c449db0ded8ca0cd7

Read from verified source

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.

Redemption

Route	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 and trades settle in Frankencoin (ZCHF). On 23 September 2026 the Brokerbot quoted ZCHF 1.23 a share both ways, against an indicative NAV of CHF 1.33, and it held no REALU and no ZCHF of its own. The RealUnit app charges 1% on a sale. Holders cannot convert tokens into the listed bearer shares.	ZCHF, CHF

Review triggers

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

Daily checks

Every day Ketju reads each control function in the table above and the contracts the token checks on a transfer. Ketju compares the token’s on-chain supply with yesterday’s, and its market quote with yesterday’s quote, since a fund of this kind accrues a few basis points a day. Ketju also reads every document quoted above and reviews the file again if a quoted passage disappears from its document. Ketju counts a new, removed, or changed key as a change only when the chain’s own log shows the grant, revocation, or signer change since yesterday. If the log does not show it, Ketju updates the key list in this file and does nothing more. A change opens a review before any client action. Subscribers get an email that names each of their clients who hold the token, with the household result.

File history

Ketju has not revised this file since filing it. If Ketju revises it, the earlier version stays as published, with the reason.

Date	Change
2026-09-23	Filed.

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

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