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

LENDS gives holders equity exposure to Switzerlend AG Shares (LENDS) 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 senders (weekly) methodology

## 1. Overview

`Asset senders (weekly)` is defined as the number of unique addresses that initiate asset transfers over a rolling 7-day period. For each tracked asset, outgoing transactions are analyzed to identify the addresses responsible for moving tokens. This metric is utilized as a key indicator of weekly user activity and transactional engagement for tokenized assets across various blockchain networks. By aggregating unique sending addresses within a moving 7-day window, short-term fluctuations are smoothed out to provide a clearer view of active adoption.

## 2. Data sources

- **EVM chain events**: ERC-20 token transfers, covering EVM-compatible chains (Ethereum, Arbitrum, Base, Polygon, Optimism, and others)
- **Solana instructions**: Token transfer instructions
- **Other blockchain data**: Token transfer and withdrawal events from Aptos, Near, Polkadot Asset Hub, Stellar, Sui, Ripple, and others
- **Asset metadata**: Token contract addresses and asset mapping datasets

## 3. Step-by-step calculation

### Component A: Extraction of daily sending addresses

- **Purpose**: Identify and extract unique addresses initiating token transfers on a daily basis for each asset.
- **Logic**: On EVM-compatible chains, sending addresses are extracted from ERC-20 token transfers where the sender address is not the null address. On Solana, sending addresses are identified from token transfer instructions using the authority address. On Aptos, Sui, Cardano, and Stellar Classic, sending addresses are retrieved from token withdrawal events. On Stellar Soroban, transfers are parsed from Soroban token transfer events, excluding mint transactions where the sender address is null. On Polkadot Asset Hub, `Transferred` events from the `assets` pallet are parsed to identify the sender. On Ripple, outgoing transfers are identified where the transaction value is negative. On Near and Injective, sending addresses are extracted from token transfer events where the sender address is populated.
- **Key fields**: `timestamp` (block time truncated to the day), `token_address` (the contract or asset identifier), `sender_address` (the address initiating the transfer)

### Component B: Rolling 7-day window aggregation

- **Purpose**: Aggregate daily active senders into a rolling 7-day window to calculate weekly activity.
- **Logic**: A daily datespine is generated to establish a continuous timeline. For each day in the timeline, a rolling 7-day window is constructed by looking back at the preceding six days. Daily unique sending addresses are mapped to each active window based on their transaction timestamps.
- **Key fields**: `timestamp` (the reference day for the rolling window), `token_address` (the asset identifier), `sender_address` (the address active within the window)

### Component C: Final deduplication and aggregation

- **Purpose**: Calculate the final weekly unique sender count per asset and chain.
- **Logic**: Within each rolling 7-day window, sending addresses are deduplicated to ensure each unique address is counted only once per asset, regardless of transaction frequency. The deduplicated counts are aggregated at both the individual chain level and the global asset level. Missing dates are filled with zero values to maintain a continuous time series.
- **Key fields**: `timestamp` (the reference day), `chain_id` (the blockchain identifier), `token_address` (the asset contract address), `asset_senders_weekly` (the count of unique weekly sending addresses)

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

Unique asset senders over a rolling 7-day window.

Asset senders (weekly)

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 Switzerlend AG Shares (LENDS) is a tokenized share of VC/PE fund issued by Aktionariat through Switzerlend 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.

Switzerlend AG is incorporated in Switzerland and is structured under the Swiss DLT Act.

Holder terms are governed by the law of Switzerland.

LENDS has been issued on Ethereum as an ERC-20 token since December 2023.

Aktionariat Switzerlend AG SharesLENDS