LS, issued by Legion Strategies Ltd and tokenized by Tokeny S.à r.l., is a tokenized fund interest representing digital fund shares whose value tracks the net asset value of an underlying venture capital and private equity fund and related instruments [S1][S2].

Each LS token represents a digital fund share in Legion Strategies Ltd, a venture capital and private equity fund, with token value tracking the fund's net asset value (NAV) [S1]. The Tokeny platform represents the existing fund shares onchain rather than issuing a separate reserve-backed instrument, and supports automating corporate actions so that economic terms attaching to the underlying shares accrue to tokenholders [S1][S3][S4].

Legion Strategies Ltd is the legal issuer; Tokeny S.à r.l. (Tokeny Solutions), registered in Luxembourg under RCS number B218805 and part of Apex Group, provides the tokenization technology and states it does not itself issue or hold assets and is not a broker-dealer or investment advisor [S5][S6]. The holder's claim takes the form of permissioned digital fund shares [S1]. Only eligible qualified investors may hold or transact tokens, with eligibility validated before each transfer through onboarding, KYC and AML enforcement, and onchain whitelisting [S7][S3][S8]. Built-in regulated custody and an ONCHAINID securities-recovery process let investors recover lost tokens upon proof of identity [S8][S2].

LS uses the ERC-3643 permissioned security-token standard, an ERC-20 compatible framework with issuer controls to mint, burn, freeze and force transfers [S2]. Tokens deploy on EVM blockchains, primarily Ethereum and Polygon [S4][S9]. Issuers allocate tokens after eligibility validation, with compliant peer-to-peer transfers settling instantly via the DINO network [S8][S4]. Wallets are provided by third party DFNS SAS [S5].

<Sources
  retrievedAt="2026-06-22"
  items={[
    { id: "S1", url: "https://tokeny.com/tokenized-funds/" },
    { id: "S2", url: "https://tokeny.com/erc3643/" },
    { id: "S3", url: "https://tokeny.com/" },
    { id: "S4", url: "https://tokeny.com/t-rex-platform/" },
    { id: "S5", url: "https://tokeny.com/terms-of-use/" },
    { id: "S6", url: "https://tokeny.com/about-us/" },
    { id: "S7", url: "https://tokeny.com/asset-managers/" },
    { id: "S8", url: "https://tokeny.com/how-it-works/" },
    { id: "S9", url: "https://tokeny.com/the-truth-nonsense-of-blockchain-interoperability/" },
  ]}
/>


# 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 funds

Tokeny operates through a white-label, no-code and API-ready platform that automates token deployment, manages security lifecycles, and enables distribution across multiple blockchain networks while enforcing compliance at the transaction level. The company has built an extensive ecosystem of 100+ partners and leverages their open-source ERC-3643 smart contract standard to ensure interoperability across both private and public blockchains, generating revenue through their enterprise SaaS tokenization infrastructure.

The platform provides comprehensive onchain finance infrastructure for issuing, managing, and distributing compliant tokenized securities including real estate, private equity, funds, and debt instruments. Tokeny operates the T-REX Platform and Engine, built on their proprietary ERC-3643 standard which is recognized as the official Ethereum standard for compliant tokenization, enabling institutions to tokenize real-world assets while maintaining regulatory compliance through on-chain controls.

Tokeny is a leading enterprise-grade blockchain tokenization platform that has been serving institutional clients since 2017, having tokenized over $32 billion in assets across 120+ customers.

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Real-world asset (RWA) issuers

Tokeny

Legion Strategies Ltd (LS) is a tokenized fund share issued by Tokeny through Legion Strategies, Ltd.

The fund invests in multi-asset and crypto assets.

Qualified purchasers can subscribe and redeem.

Legion Strategies, Ltd. is incorporated in the Cayman Islands and is offered under an SEC Regulation D exemption.

LS has been issued on Avalanche as an ERC-3643 token since August 2025.

Legion Strategies LtdLS