AXRAS, tokenized on infrastructure provided by Aktionariat AG, is a tokenized equity instrument that represents registered ownership in Axelra Early Stage AG Tokenized Shares, with the issuing company itself acting as the legal issuer of the underlying shares [S1][S2].

AXRAS gives holders equity exposure to Axelra Early Stage AG Tokenized Shares (AXRAS) rather than a fixed yield, and the token directly is the registered share recorded on an onchain shareholder registry [S1][S2]. If the underlying company issues a dividend or distribution and registration and eligibility requirements are met, holders may receive it [S3]. A license fee is hardcoded into the Brokerbot smart contract and is borne by the seller on each sale transaction [S2].

Each issuing company is the legal issuer of its own shares under Swiss law, while Aktionariat AG, a Swiss company, provides the tokenization technology [S4][S2]. Tokens are ledger-based securities under Swiss DLT Law, conferring ownership effected through updated Articles of Association and Registration, Tokenholder and Shareholder Agreements [S4]. Shares are freely transferable by default, though issuers can enforce per-issuer KYC and AML restrictions through a smart-contract Allowlist [S2]. There is no fiat redemption; the Brokerbot acts as primary market and repurchaser, with peer-to-peer trading also supported [S3][S2]. Investors hold tokens in a self-custody Aktionariat wallet [S3].

Tokens follow the ERC-20 standard and are issued on Ethereum, Polygon and OP Mainnet, with Chainlink CCIP enabling cross-chain transfers [S3][S2][S5]. Shares are minted as tokens and delivered atomically against payment through the Brokerbot automated market maker, which sets price using an issuer-configured bonding curve [S3][S5]. Settlement occurs onchain in a Swiss-franc stablecoin such as ZCHF or in ETH [S5].

<Sources
  retrievedAt="2026-06-19"
  items={[
    { id: "S1", url: "https://aktionariat.com" },
    { id: "S2", url: "https://www.aktionariat.com/blogs/allowlist" },
    { id: "S3", url: "https://aktionariat.com/technology" },
    { id: "S4", url: "https://www.aktionariat.com/solutions/tokenization" },
    { id: "S5", url: "https://docs.aktionariat.com/en/for-investors/how-to/fund-wallet-mt-pelerin/" },
  ]}
/>


# Asset transfer count methodology

## 1. Overview

Asset transfer count is defined as the number of user transactions that move assets between addresses. It is utilized to reflect how frequently assets are used for payments, trading, or other onchain activity. The metric is calculated daily for each tracked asset across all supported blockchains. By aggregating these transfer events, a comprehensive view of onchain utility and transactional velocity is provided.

## 2. Data sources

- **EVM chain events**: ERC-20 token transfers, covering EVM-compatible chains (Ethereum, Arbitrum, Base, Polygon, Optimism, and others)
- **Solana instructions**: SPL token transfers
- **Other blockchain events**: Token transfers, withdrawals, and mint events across non-EVM chains (Solana, Aptos, Near, Polkadot Asset Hub, Stellar, and others)
- **Asset metadata**: Token addresses and decimal precision

## 3. Step-by-step calculation

### Component A: Extract and count raw transfer events

- **Purpose**: Identify and count individual token transfer events on a daily basis for each asset.
- **Logic**: On EVM-compatible chains, ERC-20 token transfers are parsed and counted. On Solana, SPL token transfers are parsed and counted. On Aptos, Near, and Ripple, token transfers and withdrawals are parsed and counted. On Stellar, classic token withdrawals and Soroban token transfers are aggregated. On Sui, token withdrawals and token mint events are aggregated. On Cardano, UTXO withdrawals and token mint events are aggregated. On Polkadot Asset Hub, `Transferred` events from the `assets` pallet are parsed.
- **Key fields**: `token_address`: The unique identifier of the token contract or asset. `block_timestamp`: The timestamp of the transaction block.

### Component B: Daily aggregation and zero-filling

- **Purpose**: Aggregate the daily transfer counts per asset and ensure continuous time-series data.
- **Logic**: The extracted transfer counts are aggregated daily for each token address on its respective chain. For days where no transfer activity is recorded for a tracked asset, the time series is filled with zero values to ensure a continuous daily record.
- **Key fields**: `timestamp`: The day of the activity. `asset_transfer_count`: The daily count of transfers per token on a specific chain.

### Component C: Final aggregation

- **Purpose**: Combine the daily transfer counts across all supported chains for each asset.
- **Logic**: The daily transfer counts from all individual chains are combined. Token addresses are mapped to unique asset identifiers using asset metadata. The final daily asset transfer count is then aggregated across all chains for each asset.
- **Key fields**: `timestamp`: The day of the activity. `asset_transfer_count`: The total aggregated daily transfer count for the asset.

*This methodology was automatically generated by Token Terminal's methodology analyzer.*

Number of transfer transactions involving the asset.

Asset transfer count

Tokenized stocks

Aktionariat generates revenue through platform fees for equity tokenization services, Brokerbot installations, and ongoing cap table management. The platform deploys smart contracts on Ethereum, Polygon, Optimism, and Base that automate shareholder registry updates, transfer restrictions, and secondary market liquidity.

Aktionariat is an equity tokenization platform that enables private companies to issue, manage, and trade shares on blockchain. Built on Swiss DLT Law, the platform provides an end-to-end ecosystem including an Issuer Portal for companies, a Portfolio App for investors, and a Brokerbot smart contract for automated on-chain share trading with integrated liquidity pools.

Aktionariat AG is a Swiss-based company providing equity tokenization infrastructure for private companies and their investors.

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Real-world asset (RWA) issuers

Aktionariat

Aktionariat Axelra Early Stage AG Tokenized Shares (AXRAS) is a tokenized exposure to VC/PE fund.

AXRAS has been issued on OP Mainnet as an ERC-20 token since May 2022.

Aktionariat Axelra Early Stage AG Tokenized SharesAXRAS