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

CFES gives holders equity exposure to Clever Forever Education AG Tokenized Shares (CFES) 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].

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    { id: "S1", url: "https://aktionariat.com" },
    { id: "S2", url: "https://www.aktionariat.com/blogs/allowlist" },
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    { 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/" },
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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 Clever Forever Education AG Tokenized Shares (CFES) is a tokenized share of VC/PE fund issued by Aktionariat through Clever Forever Education AG and distributed through Aktionariat AG.

Each token represents one underlying share, entitles holders to dividends, and carries voting rights.

The underlying shares are held in accounts segregated from the issuer's own funds.

Holders can buy and sell on the issuer-operated venue.

Clever Forever Education AG is structured under the Swiss DLT Act.

Holder terms are governed by the law of Switzerland.

CFES has been issued on OP Mainnet as an ERC-20 token since September 2022.

Aktionariat Clever Forever Education AG Tokenized SharesCFES