NYALAVorzA, issued by NYALA Digital Asset AG and tokenized by Smart Registry GmbH, is a tokenized preferred share representing registered ownership rights in pre-IPO Namens-Vorzugsaktien A of NYALA Digital Asset AG itself [S1][S2][S3].

Each token represents a preferred share (ISIN DE000A3EX2W9) of NYALA Digital Asset AG and carries the full rights of a traditional share including voting rights and dividend entitlements, with the share-issuance provision incorporated into NYALA's Articles of Association [S2]. If NYALA issues a dividend, holders receive a corresponding amount; equity returns are otherwise realized through exit scenarios such as secondary-market trading, acquisition, or follow-on financing rounds [S2][S4]. The investment process is stated to be free of fees for the investor [S4].

The issuer is NYALA Digital Asset AG, a German stock corporation based in Berlin, Germany [S1]. The token is an electronically registered security under Germany's Electronic Securities Act (eWpG), recorded in a crypto-securities register maintained by Smart Registry GmbH, a BaFin-supervised registrar, with the German Federal Financial Supervisory Authority (BaFin) notified of issuance terms [S2][S3]. Individuals at least 18 and institutional investors in the European Economic Area are eligible, with no accredited or professional status required and a minimum of one share [S4]. Custody is via licensed multi-signature institutional custodians or self-custody; registration in the eWpG register confers statutory protections [S3][S5][S6].

The token is issued natively on Polygon using the ERC-3643 standard for regulated securities, which provides whitelist management and transfer restrictions [S2][S5]. Issuance registers the security in the crypto-securities register with instant settlement, eliminating the central securities depository requirement [S7][S5]. Smart Registry provides public onchain verification links confirming issuance terms match blockchain records via document-hash comparison [S3].

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  items={[
    { id: "S1", url: "https://www.nyala.de/en/about" },
    { id: "S2", url: "https://www.nyala.de/en/blog/nyala-digital-asset-ag-pioneering-tokenized-stocks-in-germany" },
    { id: "S3", url: "https://www.nyala.de/en/electronic-securities" },
    { id: "S4", url: "https://www.nyala.de/en/invest-digital-public-offering" },
    { id: "S5", url: "https://www.nyala.de/en/product-features-platform" },
    { id: "S6", url: "https://www.nyala.de/en/faq" },
    { id: "S7", url: "https://www.nyala.de/en/tokenization-platform" },
  ]}
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Tokenized stocks

NYALA tokenizes regulated securities under the German Electronic Securities Act (eWpG) and distributes them on public blockchains including Stellar and Polygon, hosting third-party issuers such as Cometum alongside its own pre-IPO equity.

NYALA Digital Asset AG is a regulated EU tokenization issuer. It powers tokenized assets such as the SpaceX Bond (SPX) and has tokenized its own pre-IPO preferred shares (NYALAVorzA).

NYALA Digital Asset AG is a German tokenization platform authorized to issue regulated tokenized securities in the European Union, covering the full lifecycle from issuance and distribution to transfers and corporate actions.

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Real-world asset (RWA) issuers

NYALA Digital Asset AG

NYALA Digital Asset AG Namens-Vorzugsaktien A o.N. (NYALAVorzA) is a tokenized share of NYALA issued by NYALA Digital Asset AG through NYALA Digital Asset AG and distributed through NYALA Digital Asset Platform.

Each token represents one underlying share and entitles holders to dividends.

The underlying shares have Smart Registry GmbH as transfer agent.

NYALA Digital Asset AG is the issuing entity.

Holder terms are governed by the law of Germany.

NYALAVorzA has been issued on Polygon as an ERC-3643 token since January 2024.

NYALA Digital Asset AG Namens-Vorzugsaktien A o.N.NYALAVorzA

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