For the first time ever, a share token issued natively on the Ethereum blockchain can be deposited in a Swiss bank. This was made possible thanks to the close collaboration between HBL, RealUnit and Aktionariat.
Zürich, 26 October 2023
In the world of blockchain, an asset is typically stored by the owner themselves, following the principle of “not your keys, not your assets”. This gives an asset owner a lot of freedom to store, transfer and trade their assets whenever and with whomever they want. But it also comes with a burden of personal responsibility. The so-called seedphrase plays a crucial role and must be stored securely by the owner.
However, not everyone wants this responsibility. That's why Aktionariat has come up with a solution that allows you to pass this burden on to a financial institution. For many decades, financial institutions have fulfilled the role of custodian, acting as a trusted party. It's a natural step to follow one of the latest trends in the financial industry and open up to blockchain-based real-world asset custody.
«The solution has been made available for RealUnit Schweiz AG share tokens with Hypothekarbank Lenzburg AG acting as custodian. We are very pleased to have found innovative partners in Hypothekarbank Lenzburg AG and RealUnit SchweizAG who were willing to set up this ground-breaking solution with Aktionariat AG. Other issuers of tokenized shares will soon benefit from this new option» - Nicola Plain, CEO of Aktionariat AG
RealUnit investors who opt for this option open a securities account at Hypothekarbank Lenzburg with a wallet in the background and have their share tokens booked there.
“The storage of the private keys will be taken over by the Hypothekarbank Lenzburg within a regulated framework, which will especially reassure those investors who are still sceptical about the digital storage of assets. ” - Dani Stüssi, CEO of RealUnit Schweiz AG.
The RealUnit share tokens can still be bought and sold via RealUnit's smart contract market solution on its homepage.
New Standard for Token Custody
“We are very pleased to be able to offer this innovative solution to our investors. The new storage service offers investors clear advantages compared to holding their own tokens in a self-custody wallet” - Dani Stüssi, CEO of RealUnit Schweiz AG.
“In particular, investors no longer have to worry about the risk of losing their private key” - Reto Huenerwadel, Head of MarketServices at Hypothekarbank Lenzburg.
The technical implementation of the RealUnit share token comes from Swiss blockchain company Aktionariat AG.
“The solution presented here is one of the first of its kind. Many banks are still struggling with blockchain technology. Hypothekarbank Lenzburg's offering therefore sets a new standard” - Nicola Plain, CEO of Aktionariat AG.
About RealUnitSchweiz AG
The central investment principles of the investment company founded in 2017 are capital protection and the long-term preservation of the real purchasing power of its shareholders. Swiss investments and the direct ownership of tangible assets form a focus of the investment activity. The structure of the investment company and the continuously optimised composition of the asset classes make it possible to react flexibly in the event of a crisis, thereby ensuring the best possible preservation of the value of the entrusted assets. The participation in the company can be held as a classic share in a bank custody account or as a share token via the Ethereum Blockchain. The bearer shares of RealUnit Schweiz AG are listed on the BX Swiss (ISIN: CH1129911108 / VALOR: 112991110 / Ticker:REALU). The registered shares are structured as tokens in the form of register value rights (ticker: REALU).
About Hypothekarbank Lenzburg AG
Hypothekarbank Lenzburg is a listed Swiss universal bank that was founded in 1868 as Hypothekar- und Leihkasse Lenzburg. At the end of June 2023, it had 356 employees (adjusted for part-time working) and 41% women. The bank is active in retail banking, mortgage business, private banking, SME business and crypto-banking. In the banking-as-a-service business, it provides banking services to third-party providers of financial services and other companies, whereby the distribution of related offerings will be carried out under the HBL Solutions brand in the future. Hypothekarbank Lenzburg also offers professional asset management under the HBL Asset Management brand. The bank's own core banking system Finstar was equipped with an open interface architecture in 2017. Finstar AG (in the process of being founded), a subsidiary of Hypothekarbank Lenzburg, is responsible for the further development and operation of the core banking system. Under the Hypothekarbank Lenzburg brand, the bank operates 13 branches and three advisory offices and is strongly anchored in the region. Because of its technological innovative strength, Hypothekarbank Lenzburg has received various awards in recent years.
About Aktionariat AG
Capital and people are probably the most valuable resources a company has. That is why Aktionariat not only offers a simple and modern solution for raising fresh equity, but also enables small and medium-sized companies to manage their shareholders, automatically keep the associated share register up to date and manage corporate events and conduct digital votings. All this is possible thanks to the innovative Swiss DLT law, tokenized shares, and the fully digital all-in-one management platform. https://www.aktionariat.com/
Contacts for media representatives:
RealUnit Schweiz AG
Dani Stüssi
CEO
dani.stuessi@realunit.ch
Hypothekarbank Lenzburg AG
Reto Huenerwadel
Head of Market Services
Telefon: +41 62 885 12 55
reto.huenerwadel@hbl.ch
Aktionariat AG
Nicola Plain
CEO
nicola@aktionariat.com
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