Digital asset architecture
Two digital asset layers. Two purposes.
The Business Plan is explicit: NAKAJET runs two distinct instruments, not one. The Security Token is the investment instrument. FlightPass is a product-access instrument planned for a later phase.
“We are tokenizing economic participation in the aviation business — not ownership of an individual aircraft.”
Layer A · Investment
Security Token
Proposed issuer: NAKAJET AG · Vaduz, Liechtenstein
- Economic participation
- Governance
- Potential BTC distributions
- Aviation benefits
Potential BTC distributions subject to board authorization and applicable legal requirements.
- — Represents economic participation in the aviation business.
- — Structured in the plan as Genussrechte (participation rights) under Liechtenstein PGR.
- — Carries governance votes within a founder-controlled dual-class structure.
- — Eligible for potential BTC distributions, subject to board authorization and applicable legal requirements.
- — Intended for eligible investors subject to applicable jurisdictional requirements.
Layer B · Utility
NAKAJET FlightPass
Proposed issuer: separate ADGM entity · Abu Dhabi
- Utility membership
- Premium aviation access
- Cabin allocation
- Companion access
- Helicopter last-mile
- Priority access
- — A utility and premium membership layer only: product access, not ownership.
- — Planned benefits include dedicated cabin allocation, companion seat access, helicopter last-mile transfers and priority hold windows.
- — No economic participation. No governance rights. No claim on the Bitcoin treasury.
- — Not a Phase 1 or Phase 2 product; the plan begins issuance from Year 4.
- — Designed to be issued from a separate entity to maintain structural and functional separation from the investment instrument.
Separate structures. Separate purposes.
“FlightPass is structurally separate and does not carry economic participation or governance rights.”
FlightPass does not represent equity, shares, participation rights or any economic interest in NAKAJET. Neither instrument is offered, sold or made available through this website. Any future issuance would be subject to the applicable legal, regulatory and governance framework in the relevant jurisdiction.
Why the separation matters
The Business Plan contemplates a separate ADGM entity for FlightPass, designed to maintain a clear structural and functional separation between the utility membership layer and NakaJet's investment instrument.
The final legal classification, issuance structure and applicable regulatory requirements will be determined with qualified counsel and, where required, the relevant authorities.