NYALA

What NYALA does

NYALA Digital Asset AG is a Berlin-based German fintech founded in 2019 that operates an end-to-end tokenization platform for financial securities under the country's Electronic Securities Act (eWpG). The company enables issuers, crowdfunding platforms, banks, real estate firms, and fund managers to create, register, custody, and trade tokenized bonds, equities, fund shares, and real-world assets across multiple public blockchains (Polygon, Stellar, Algorand, Cardano, Polkadot). Its wholly-owned subsidiary Smart Registry GmbH holds a preliminary license under Sec. 65 KWG of the German Banking Act to operate a BaFin-supervised Crypto Securities Register, providing the regulatory backbone that differentiates the platform. The company is ISO 27001 certified, supervised by BaFin and Deutsche Bundesbank, and claims over EUR 160M in digital assets processed across 90+ tokenized securities.

The platform is modular: core offerings include Token Issuance (5-minute security creation), the Smart Registry for on-chain ownership recording, Secondary Market Trading (24/7 on-chain with automated smart-contract payouts), and a Co-Listing Network distributing to 270,000+ combined investors across partner platforms. Add-on modules include the EasyRaise/Equity Raise white-label package for individual issuers and a REST API suite (Customer, Tokenization, Platform APIs). GTM combines API-first integration for enterprise platforms (Invesdor integrated in under 2 weeks by one engineer), channel partnerships (CONDA, V-Bank, Hauck, CoinIX), and direct enterprise field sales primarily across DACH with EU extension. Revenue streams span tokenization issuance fees, transaction/trading fees, custody fees, and platform subscriptions, with pricing tailored per service package on multi-year contracts.

The company is privately held, led by Managing Directors Dr. Johannes Schmitt and Daniel Wernicke with Andreas Leckelt as Chairman of the Supervisory Board, and runs a team of 11-50 employees. Named customers and partners include Invesdor, CONDA, SK Rapid Wien, V-Bank, Hauck, CoinIX, Cometum, Aquaty, Bricksdock, Piece, Heartstocks, HADC, 21 Oaks Capital, Digital Invest, and Crowd4Ukraine. No external venture funding rounds are disclosed; NYALA received a public grant from the German Federal Ministry of Research, Technology and Space in May 2025.

Name

NYALA

Legal name

NYALA Digital Asset AG

Website

https://nyala.de

Company type

Private

Founded year

2019

Operating status

Operating

Headcount range

11–50 employees

Short description

NYALA Digital Asset AG is a Berlin-based German fintech operating a BaFin-supervised tokenization platform that lets issuers, crowdfunding platforms, banks, and real estate firms issue, register, custody, and trade tokenized securities under the German eWpG framework.

Ownership category

akta.pro rank

Product category

Digital Securities Tokenization Platform

NAICS

Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320), Securities and Commodity Exchanges (5232), Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523)

SIC

Security Brokers, Dealers & Flotation Companies (6211), Security & Commodity Brokers, Dealers, Exchanges & Services (6200)

akta.pro primary industry

RWA Tokenization Platforms (asset onboarding, structuring, issuance) (FSAPAIAC)

Keywords

• Digital securities tokenization
• Blockchain asset issuance
• Crypto securities registry
• Tokenized bond platform
• EWpG compliant infrastructure

Headquarters

HQ city

Berlin

HQ country

Germany

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

Technology or R&D, Personnel, Operations, Infrastructure, Marketing or Sales, Others

Revenue model

1. Tokenization Issuance Fees: Fees charged to issuers for creating and issuing tokenized securities on the platform. NYALA states transparent all-inclusive pricing without hidden costs, with fees tailored to service package.
2. Transaction/Trading Fees: Revenue from secondary market trading activities on the platform ecosystem, including transaction fees and listing fees from brokers and market makers.
3. Custody Services: Fees for secure custody of tokenized securities through integrated custody providers.
4. API/Platform Subscriptions: Flexible service packages tailored to client needs, potentially including subscription components for ongoing platform access and API usage.

Pricing tiers

Go-to-market motion3 records

Distribution channels5 records

Marketing channels8 records

Core offering

NYALA operates a blockchain-based tokenization platform that enables issuers to create, register, custody, and trade digital securities (bonds, equities, funds, real estate) in minutes under the German Electronic Securities Act (eWpG). The platform combines an issuance engine, a BaFin-supervised Crypto Securities Register operated by its subsidiary Smart Registry GmbH, integrated custody, and a secondary market trading layer. It serves crowdfunding platforms, banks, real estate companies, fund managers, and SMEs via REST APIs, a white-label package, and a multi-platform Co-Listing Network.

Product overview

NYALA is an all-in-one tokenization platform for financial securities, offering a unified platform-plus-modules architecture. The core offerings include Token Issuance (create tokenized securities in 5 minutes), the Electronic Securities Registry/Smart Registry (BaFin-regulated crypto securities registrar), and Secondary Market Trading (24/7 on-chain liquidity). Additional modules include the Co-Listing Network for multi-platform distribution access, Equity Raise for white-label investor onboarding, and End-to-End Securities Tokenization for complete lifecycle management. The platform supports multiple blockchains (Polygon, Stellar, Algorand, Cardano, Polkadot) and processes over €160M in digital assets on-platform.

Differentiator

Problem solved

Functional benefit

Products and services

• Token Issuance

Quantifiable outcome

• Create a tokenized security in just 5 minutes
• +4 more outcomes

Named customers15 records

Segments5 records

Ideal customer profiles5 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

AI capability1 record

Feature10 records

Partnerships

Nine partnerships are on record, tiered core and minor.

• InvesdorcoreChannel Partner/ Reseller/ Distributor · 1 May 2022Invesdor, a crowdfunding platform for debt and equity, integrated NYALA's tokenization engine via API in May 2022. Invesdor issues and stores digital bonds for SME financing using NYALA technology. Integration took under 2 weeks with one engineer. Invesdor has issued 60+ digital bonds worth €50M+ to 6,300+ investor wallets. NYALA is Invesdor's exclusive tokenization technology provider for digital bonds.
• CONDAcoreChannel Partner/ Reseller/ DistributorCONDA, Austria's leading crowdinvesting platform, partnered with NYALA to provide digital securities infrastructure for tokenized bond issuances. Together they launched the Rapid InvesTOR digital bond for SK Rapid Wien, raising EUR 5M. NYALA handles regulatory-compliant tokenization, crypto registrar, investor onboarding, and regulated custody of tokens. CONDA mobilizes its investor community and DACH region reach.
• V-BankcoreTechnology or IntegrationV-Bank is NYALA's German banking partner used for fund share distribution. For example, the CoinIX crypto fund distributed tokenized fund shares through V-Bank via NYALA's platform. V-Bank provides the regulated banking infrastructure for custody and distribution within the NYALA ecosystem.
• Smart Registry GmbHcoreOthersSmart Registry GmbH is a NYALA subsidiary that holds a preliminary license under Sec. 65 KWG (German Banking Act) for operating a Crypto Securities Register. It is the entity through which NYALA provides BaFin-supervised crypto securities registry services. Registered as Berlin Charlottenburg HRB 225092 B.
• CoinIXminorChannel Partner/ Reseller/ DistributorCoinIX is a crypto fund focused on investments in decentralized technologies. They used NYALA's banking partner V-Bank to distribute tokenized fund shares through the NYALA platform.
• 21 Oaks CapitalminorChannel Partner/ Reseller/ DistributorInvestment platform using NYALA's tokenization technology for issuing and managing digital securities.
• HauckminorChannel Partner/ Reseller/ DistributorFinancial services firm using NYALA's digital asset infrastructure for tokenization services.
• CometumminorChannel Partner/ Reseller/ DistributorSME crowdfunding platform using NYALA tokenization technology for digital bond issuance.
• BricksdockminorChannel Partner/ Reseller/ DistributorReal estate tokenization platform using NYALA's infrastructure for issuing tokenized real estate securities.

Scale indicators17 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• Securitize: Leading end-to-end digital asset securities platform offering tokenization, transfer agent services, and secondary trading for funds and enterprises. Directly comparable to NYALA in RWA tokenization infrastructure for institutional and fund issuers.
• Tokeny: Luxembourg-based enterprise tokenization platform with T-REIS (Token Recognized as an Equity/Incentive/Stamp) protocol. Directly comparable to NYALA's tokenization engine for bonds, funds, and equity issuance with EU regulatory focus.
• Taurus SA: Swiss-based digital asset infrastructure provider offering tokenization, custody, and trading for banks and large issuers. Directly comparable to NYALA in serving regulated European bank clients with tokenization and custody infrastructure.
• Bitbond GmbH: German tokenization platform focused on SME and corporate bond issuance with BaFin-regulated banking partner. Direct competitor in the DACH region for tokenized bond issuance via regulated infrastructure.
• Stobox Capital: Tokenization platform for security tokens, funds, and real estate assets with white-label issuance and secondary trading. Comparable to NYALA in cross-vertical tokenization for SMEs and real estate issuers.
• Cashlink Technologies GmbH: German fintech providing tokenization infrastructure and digital securities issuance, including white-label solutions for banks and corporates. Comparable to NYALA in DACH market focus on regulated tokenized securities.
• Black Manta Capital Partners: Berlin-based tokenization platform specializing in regulated security tokens and tokenized funds for European issuers. Comparable to NYALA in DACH market focus on fund tokenization and securities issuance.

Emerging players

• Polymath Network: Tokenization protocol offering infrastructure for issuing regulated security tokens on blockchain with compliance features. Comparable to NYALA's multi-chain tokenization approach but with more emphasis on protocol-level developer tooling.
• RealT: US-based platform for fractionalized tokenized real estate ownership, operating under US regulatory framework. Comparable to NYALA's real estate tokenization solutions but with focus on a single vertical and US market.

Broad incumbents

• Polygon Labs: Major Layer-2 blockchain infrastructure provider whose network NYALA uses for tokenization. Comparable as enabling infrastructure for tokenized assets at scale, and a potential competitor if Polygon expands into vertical application layers.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

• Xtwitter.com/nyala_de
• GitHubgithub.com/NyalaDigitalAssets
• LinkedInlinkedin.com/company/nyalade

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Subsidiaries1 record

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about NYALA