Version 4.0 – March 2024

1 Scope of Application

These terms and conditions ("terms") govern the purchase, transfer, management, custody and sale of co-ownership interests ("Splints") in physical and digital objects ("Object") through the Splint Invest websites and apps (the"Platform") operated by MARK Investment Holding AG with its registered office in Unter Altstadt 30, 6300 Zug, Switzerland ("Splint Invest","we","our" or"us") by users of the Platform and owners of Splints ("buyer","co- owners","you" or ("your").

Product Disclaimer: These Terms do not govern the purchase, transfer, management, custody and sale of Splints in structured products ("Product"). The purchase, transfer, management, custody and sale of Splints in Products is limited for specific users and subject to additional requirements as per a separate agreement. For these specific users, reference is made to the relevant separate subscription agreement related to a specific Product.

The Platform is offered for buyers on the Swiss market ("Swiss market"), consumers on the German market ("German market"), and buyers who qualify as qualified investors on the UK market ("UK market"). In these Terms, different regulations apply in part for the respective market, which is marked accordingly. The Platform offers more extensive functions for the Swiss market, such as the trading function as descrived in sections 5 and 8. On the UK market the Platform is only open to qualified investors.

You must register on the Platform and accept these Terms in order to purchase a Splint from us. Upon any transfer of a Splint, whether through the Platform or outside the Platform, the rights and obligations under these Terms will pass to the new owner of the Splints.

The Platform terms and conditions shall apply in addition to and, in the event of any inconsistency, subordinate to these Terms.

2 Physical and Digital Objects

Both physical objects and digital objects such as 'non-fungible tokens' (or NFT) may be offered on the Platform.

The parties acknowledge that no specific civil law provisions exist for Splints and digital objects as of the date of these Terms and that the analogous application of the provisions for objects to digital objects under the Swiss Civil Code ("SCC") is still unclear. To the extent and as long as no such special provisions exist, the parties agree that, as between the parties, the provisions of property law and contractual obligations under these Terms that apply to Splints of physical objects shall, for the purposes of these Terms, apply analogously to Splints of digital objects. In the case where the conditions agreed between the parties affect third parties, both parties will, to the extent possible, undertake all reasonable efforts to uphold the same contractual provisions and their effect on third parties.

3 Co-Ownership Register and Form of Splints

3.1 Forms of Splints

A co-ownership register is kept for each property. Splint Invest has provided two solutions for this purpose, namely a co-ownership register maintained centrally by Splint Invest ("Centralized Splints") and a co-ownership register maintained in a decentralized manner via the issuance of tokens on a blockchain ("Splint Tokens"). In the case of Splint Tokens, the details of the object are stored in a decentralized and immutable manner on a blockchain ("Token Terms") which are referenced in the Smart Contract of the Splint Tokens. Splint Invest may, but is not required to, issue both types of Splints in parallel for an object. If Splint Tokens are offered for an object, a co-owner can convert centralized Splints into Splint Tokens via the Platform and vice versa. Co-owners can view the number of Centralized Splints via the dashboard on the Platform. Tokenized Splints are not visible on the dashboard.


Like the Centralized Splints, the Splint Tokens fulfil a proof function with regard to ownership, i.e. the person who has the power of disposition over the corresponding Splint Token is deemed to be the co-owner of the Splint. The Splint Tokens are neither commodity instruments within the meaning of Art. 1153 et seq. of the Swiss Code of Obligations ("SCO") nor are they issued as registered securities within the meaning of Art. 973d et seq. SCO.


The Splint Tokens are not securities within the meaning of Section 2(1) of the German Securities Trading Act (Wertpapierhandelsgesetz) or Article 2(a) of Regulation (EU) 2017/1129. The Splint Tokens themselves have no market value and serve only documentary purposes. The Splint Tokens are also not freely tradable or transferable; there is no trading market for them.


On the UK market, only Centralized Splints are available; no Splint Tokens are sold to users resident in the UK

3.2 Export

The export function describes the conversion of Centralized Splints into Splint Tokens. With the export, the Splints are transferred as Splint Tokens to the blockchain address specified by the co-owner and deleted from the centralized co-ownership register and dashboard. Splint Invest does not provide any blockchain address or wallet for the management of blockchain addresses and the Splint Tokens as well as the blockchain addresses are under the sole control and responsibility of the co-owner. This function is not available to users resident in the UK.

3.3 Import

The import function describes the conversion of Splint Tokens into Centralized Splints. For an import to take place, the Splint Token holder must be registered with Splint Invest and have successfully completed the KYC process. For the import to take place, the corresponding Splint Tokens must be transferred to the blockchain address provided by Splint Invest and the Platform must be informed. Once the reception has been confirmed by Splint Invest, the Splint Tokens will be destroyed and a corresponding number of Centralized Splints will be credited, which will then be visible again in the app's dashboard. When acquired in a peer-to-peer transaction outside of the Platform, this function can be used by users resident in the UK.

3.4 Important Information about Splint Tokens

Power of disposition over Splint Tokens: Splint Tokens are issued via a public blockchain. Each Splint Token is always assigned to exactly one blockchain address, whereby the person who has the power of disposition over the blockchain address can dispose of the Splint Tokens.

Transfer of Splint Tokens: Splint Tokens can be freely transferred to any other address on the same blockchain at any time in accordance with the technical rules of the blockchain. Any action that technically transfers direct or indirect authority to dispose of the Splint Token to the new Splint Token holder constitutes a transfer. This includes, but is not limited to, the transfer of a Splint Token to a new address, the transfer of a private key in the form of a paper wallet, the change of ownership of a smart contract through which the token is held, or the theft of a Splint Token by a hacker.

Unlawful Transfer and Loss: Splint Invest has no control over the blockchain, the blockchain addresses and the Splint Tokens and cannot take any technical measures to recover or transfer back the Splint Tokens in case of a technical transfer of Splint Tokens without a valid legal reason (e.g. in case of theft) or in case of loss of control (e.g. in case of loss of the private key). It is the sole responsibility of the holder of the Splint Tokens to take appropriate technical security measures and, in the event of an unlawful transfer, to take legal action against the alleged unlawful holder. Subject to an enforceable judgment or clear indications to the contrary, which the previous rightful holder must promptly report to Splint Invest, Splint Invest will treat the new holder of the Splint Tokens as the rightful owner and pay any sale proceeds to him. In unclear cases, Splint Invest may suspend the payment of the sale proceeds until such time as Splint Invest decides in its sole discretion on the payment of the sale proceeds.

Hard Fork: In the event of a disputed division of the blockchain (hard fork), Splint Invest will decide at its sole discretion which version of the blockchain will apply to the Splint Tokens and communicate this decision on the Platform.

Other technical information: On the Platform and in the Token Terms you will find further information on the technical details of the blockchain used for a specific Splint Token.

4 Purchase of Splints from Splint Invest

4.1 Offer and Prices

The offer of Splints by Splint Invest on the Platform is subject to the availability of Splints and the fulfillment of all current requirements on buyers, which we may change at any time. By placing an order and making full payment, the buyer makes a binding offer to purchase Splints, which Splint Invest may either confirm by email or reject without giving reasons.

If a payment has already been made but there are not enough Splints available for the purchase, the buyer will be informed afterwards, and the overpaid amount will be refunded to the buyer. This will be done by transferring the amount back to the buyer's bank account. The buyer is obliged to inform Splint Invest of their bank account details/IBAN and to do everything possible to make the refund possible. For the Swiss market, the buyer can also have a corresponding top-up made to their Platform credit instead of a transfer.

The prices stated on the Platform include custody costs, insurance costs as well as VAT and other duties and charges. The latter may be taxes and fees, which may differ depending on the buyer's country of residence.

4.2 Payment

The buyer can choose from the available payment methods before completing the purchase process. Additional fees may apply for certain payment methods. Transferring or offsetting the payment costs by the buyer is expressly excluded. The invoice for the respective purchase may be made available to the customer electronically in text form, for example in the customer's account or by e-mail.

4.3 Transfer of Ownership and Custody

By purchasing a Splint, the buyer obtains co-ownership of the portion of the Object specified on the Platform. The buyer becomes co-owner of the property on a pro rata basis like other buyers.

Under the in-rem disposition transaction, the object is not handed over directly to the buyer; the handover is replaced by a possession mediation relationship and the object remains with Splint Invest for safekeeping. Splint Invest mediates possession of Splints for a buyer. The relationship of intermediary of possession is the custody relationship between Splint Invest and the buyer. The rules according to clause 6 apply to the custody.

The agreement in-rem remains subject to the payment of the full purchase price, until then the (co-)ownership does not pass to the buyer. (Co-)ownership of the Object shall pass to the buyer upon confirmation of the purchase by Splint invest.


The buyer expressly declares that they wish to own the property jointly with the other co-owners within the meaning of Articles 646 to 651 of the Swiss Civil Code.


Express reference is made to §§ 1008 - 1011 of the German Civil Code ("BGB") and §§ 741 et seq. BGB, which regulate the legal relationship between co-owners. In this respect, the buyer is subject to restrictions on the disposal of their co-ownership share.


The buyer expressly declares that they wish to own the property jointly with the other co-owners, as permissible by applicable UK law. In this respect, the buyer is subject, if any, to restrictions on the disposal of their co-ownership share.

4.4 Right of Purchase Revocation

The buyer has a right of withdrawal when purchasing splints from Splint Invest. The following specifications apply to the right of withdrawal:

Section 1

Right of withdrawal

You may revoke your contractual declaration within 14 days without giving reasons by means of a clear declaration. The period begins after the conclusion of the contract and after you have received the contractual provisions including the General Terms and Conditions as well as all the information listed below under Section 2 on a durable data medium (e.g. letter, fax, e-mail). To comply with the revocation period, it is sufficient to send the revocation in good time if the declaration is made on a durable data medium. The revocation is to be sent to:

MARK Investment Holding AG

c/o lic. iur. Jost M. Frigo

Unter Altstadt 30

6300 Zug


E-mail: info@splintinvest.com

Section 2

Information required for the start of the withdrawal period

The information referred to in the second sentence of Section 1 shall include the following details:


the identity of the business operator; the public register of companies in which the legal entity is registered and the relevant register number or equivalent identifier shall also be indicated;


the principal business activity of the entrepreneur and the supervisory authority responsible for its authorisation;


the business operator's address for service and any other address relevant to the business relationship between the business operator and the consumer; in the case of legal persons, associations of persons or groups of persons, also the name of the person authorised to represent the business operator;


the essential characteristics of the financial service as well as information on how the contract is concluded;


the total price of the financial service including all related price components as well as all taxes paid via the business operator or, if no exact price can be indicated, its basis of calculation enabling the consumer to check the price;


additional costs, if any, and an indication of any other taxes or costs not paid through or charged by the business operator;


an indication that the financial service relates to financial instruments which, because of their specific characteristics or the operations to be carried out, involve specific risks or whose price is subject to fluctuations in the financial market over which the business operator has no control and that past returns are not indicative of future returns;


details regarding payment and performance;


the existence or non-existence of a right of withdrawal as well as the conditions, details of the exercise, in particular the name and address of the person to whom the withdrawal is to be declared, and the legal consequences of the withdrawal, including information on the amount the consumer has to pay for the service provided in the event of withdrawal, if he is obliged to pay compensation for the value (underlying provision: Section 357b of the German Civil Code);


the minimum duration of the contract, if the contract is for a continuous or regularly recurring service ;


the contractual terms of termination, including any contractual penalties;


the Member States of the European Union whose law the business operator will apply when entering into relations with the consumer prior to the conclusion of the contract;


a contractual clause on the law applicable to the contract or on the competent court;


the languages in which the contractual terms and conditions and the prior information referred to in this withdrawal notice will be communicated, as well as the languages in which the business operator undertakes to communicate, with the consumer's consent, during the term of this contract;


the indication of whether the consumer can make use of an out-of-court complaint and redress procedure to which the business operator is subject and, if so, its access requirements;


the existence of a guarantee fund or other compensation schemes which are not covered by the guarantee schemes established in accordance with Directive 2014/49/EU of the European Parliament and of the Council of 16 April 2014 on deposit-guarantee schemes (OJ L 173, 12.6.2014, p. 149; L 212, 18.7.2014, p. 47; L 309, 30. 10.2014, p. 37) nor under the investor-compensation schemes established pursuant to Directive 97/9/EC of the European Parliament and of the Council of 3 March 1997 on investor-compensation schemes (OJ L 84, 26.3.1997, p. 22).

Section 3

Consequences of revocation

In the event of an effective revocation, the services received by both parties shall be returned. You are obliged to pay compensation for the value of the service provided up to the time of revocation if you were made aware of this legal consequence before submitting your contractual declaration and expressly agreed that the performance of the service in return could be commenced before the end of the revocation period. If there is an obligation to pay compensation for lost value, this may mean that you still have to fulfil the contractual payment obligations for the period until the revocation. Your right of withdrawal expires prematurely if the contract has been completely fulfilled by both parties at your express request before you have exercised your right of withdrawal. Obligations to refund payments must be fulfilled within 30 days. This period begins for you with the dispatch of your notice of cancellation and for us with its receipt.

End of the cancellation policy

5 Only for the Swiss Market: Buying and Selling Splints on the Marketplace


Co-owners can offer their Centralized Splints (but not Splint Tokens) for sale to other users on the Platform's marketplace. In doing so, the co- owner can choose the price within a framework set by Splint Invest. The offer is binding for the co-owner until revoked. Any user who has successfully completed the know-your-customer (KYC) process and has sufficient Platform credit can accept the offer. Upon acceptance of the offer, the purchase contract between the seller and buyer is concluded. The seller warrants to dispose of the property free of any obligations and encumbrances - all other warranties are excluded to the extent permitted by law. Splint Invest then transfers ownership of the Splint to the Buyer, debits the corresponding credit to the Buyer and credits it to the Seller's Platform credit. The right of withdrawal does not apply to purchases via the marketplace. Splint Invest reserves the right to suspend an offer in the event of suspected misuse or other irregularities and to reverse a purchase after giving the parties a reasonable opportunity to comment.

6 Management and Rules of Co-ownership

6.1 Co-ownership


Each co-owner expressly waives their right to demand the division of the object within the meaning of Article 650 of the Civil Code.


The purchasers of splints become co-owners. Reference is made to §§ 1008 - 1011 BGB and §§ 741 ff. BGB, which regulate the legal relationship between co-owners. In this respect, there are restrictions on the disposal of a co-owner's co-ownership share. Furthermore, it is agreed that a co- owner may only dispose of the co-ownership with the explicit consent of Splint Invest (restriction on disposal).


Each co-owner expressly waives their right to demand the division of the object, as permissible by applicable UK law.

6.2 Representation

Splint Invest is hereby authorized to act as representative of all the co-owners with respect to the use, management, repair and sale of the Object and to represent the Co-Owners in relation to the custodian in the event of custody by third parties.

6.3 Rules of Use and Management

All Co-Owners acknowledge that any use of the Object beyond measures of value conservation is contrary to the rights and interests of all the co-owners, and hereby agree not to use the Object in any other way.

Each co-owner is entitled to propose administrative actions or other repairs to the Object to Splint Invest. Splint Invest is entitled to decide on management actions and to carry out repairs and other measures of Object value conservation at its own discretion.

6.4 Management and Repair Costs

All expected usual costs in connection with the management and custody of the Object are considered paid by each co-owner with the payment of the initial purchase price. Extraordinary costs may be deducted by Splint Invest on a pro rata basis when imbursing the sale proceeds to the co-owners.

6.5 Indispensable Rights

The following rights of the co-owners are not limited by these Terms: (i) the right to demand that management to carry out actions necessary to preserve the Object value and usability and, if necessary, ordered by the court; and (ii) the right, if Splint Invest or the Custodian fails to comply with the order, to take on its own initiative the immediately measures that must be taken to preserve the object from imminent or growing damage, at the expense of all the co-owners.

7 Custody

7.1 Custody of the Objects

The Objects will be held in custody by Splint Invest or by a third party selected by Splint Invest (the"Custodian"). Splint Invest undertakes to comply with the following rules of safekeeping or, in the case of safekeeping by a third party, to contractually oblige the third party to comply with these rules.

7.2 Rules of Safekeeping

The Custodian is obliged to keep the Object in an appropriate and safe manner and may not use, consume, sell or otherwise encumber the Object.

The Custodian shall hold the Object on behalf of the respective registered or recorded co-owners and is obliged to always keep the Objects available to the co-owners in accordance with these Conditions. The respective object is held in custody until it is sold or otherwise transferred.

In the event of the bankruptcy of the Custodian, it is incumbent on the co-owners to assert their claims arising from ownership rights to physical objects. For the Swiss market, this is done pursuant to Art. 242 of the Federal Debt Collection and Bankruptcy Act (“SchKG”) or, for claims to digital objects, pursuant to Art. 242a or Art. 242b SchKG. For the German market, the respective object does not become part of the Splint Invest insolvency estate, as Splint Invest merely acts as Custodian for the objects.

7.3 Claim for Restitution

Only all co-owners jointly may demand early delivery of the Object. If early delivery is requested, the percentage sales fee communicated at the time of purchase (fee-based on the market value or, if none exists, based on the purchase price) as well as any associated costs such as transport, import or customs duties shall be borne by the co-owners. These are to be paid in full prior to delivery. A buyer cannot demand the surrender of the object on their own as long as the object remains with the Custodian. Such surrender is only possible after termination of the custody.

7.4 Storage Cost

The costs of storage are due with the purchase of the Splint for the entire holding period and are included in the initial purchase price. Early delivery of the Object does not entitle the holder to a refund of the storage costs.

8 Only for the Swiss Market: Sale of Splints

8.1 Principle

The co-owner expressly agrees that a sale, pledge or other transfer of a Splint by another co-owner is permitted without the need for obtaining the the co-owner's consent or notifying the co-owner in advance.

Each co-owner may dispose of the Splint in accordance with the rules communicated by Splint Invest. If no rules have been communicated for an Object, a transfer or encumbrance is only permitted with the consent of Splint Invest.

8.2 Information

In the event of a transfer or encumbrance, the co-owner must inform Splint Invest Immediately.

In the event of a transfer or encumbrance by law (e.g. inheritance), the legal successor must inform Splint Invest immediately of the transfer.

For Splints that have been exported to the blockchain, the information obligation is considered to be fulfilled. All co-owners of Splints must be registered on the platform to execute its rights. In the case of handing over the execution rights (e.g. through handing over the private key), the co-owner must inform Splint Invest.

9 Sale of the Object

9.1 Sale by Splint Invest

The co-owners expressly agrees that Splint Invest is authorised to sell the Object on behalf of the co-owners. Splint Invest will sell the Object in accordance with the Terms communicated at the time of purchase. The exact timing, channels of sale and terms will be chosen by Splint Invest in its sole discretion, to the best of its knowledge and belief, to maximise the proceeds of the sale. However, Splint Invest disclaims any liability such as loss of profit in connection with the sale.

9.2 Information

Splint Invest informs all co-owners registered for an Object of the sale by email and via the Platform and will give the co-owners a period of 30 calendar days from the date of sending the email to indicate or update the desired payment method.

The co-owner is responsible for keeping the contact and account details up to date and for regularly checking the email address provided. After the Object is sold, transfer of Splints is no longer permitted.

9.3 Proceeds of Sale & Disbursement

The total net sales proceeds (i.e. the sales proceeds less taxes, any third-party transportation and commission fees and other costs and fees in connection with the sale) will be allocated on a pro rata basis after deduction of the percentage sales charge communicated by Splint Invest at the time of purchase.

For Centralized Splints, the share will be credited directly to the credit balance of the corresponding co-owner or paid out to the account specified by the co-owner.

Splint Tokens must first be imported on the Platform by a registered user in order for the credit to be claimed. If Splint Tokens are imported more than one year after the sale of the property, an administrative fee of 20% of the sale proceeds will be deducted. If Splint Tokens are not imported more than three years after the sale of the Property, the corresponding claim will be extinguished and Splint Invest will be entitled to dispose of the pro-rata sales proceeds at its sole discretion.

The fees of the payment service provider for the transfer shall be borne by the co-owner. Splint Invest's liability for a transfer to an incorrect account is excluded.

10 Bankruptcy and Insolvency Rules


The co-owners hereby authorize the representative named on Splint Invest's website (the"Bankruptcy Representative") to act as the representative of all the co-owners in the event of Splint Invest's bankruptcy with respect to the use, management, repair and sale of the Property and to represent the co-owners in relation to the bankruptcy estate and, in the case of custody by third parties, in relation to the custodian. The power of attorney includes the right to represent the co-owners in court and to conclude settlements. The bankruptcy representative may also sell the property before the designated holding period. The bankruptcy representative is entitled to retain 2% of the gross sales proceeds of the properties as remuneration for their efforts. Splint Invest has concluded a separate contract with the bankruptcy representative, according to which the bankruptcy representative undertakes towards the co-owners to act accordingly.


In the event of insolvency of Splint Invest, the splints of the buyers do not fall into the insolvency estate but continue to be allocated to their own assets. If one co-owner becomes insolvent, this influences the other co- owners. Only the co-ownership of the insolvent buyer falls into the corresponding insolvency estate. An insolvency administrator may, under certain circumstances, demand the dissolution of the co-owners' association.

11 Bonus Programmes

Unless otherwise agreed in separate Terms and Conditions of participation for Referral, Customer Reward and Voucher programmes (together the"Bonus Programmes"), the following provisions shall apply:

  • Only persons who are authorised to use the Platform are permitted to participate.
  • It is prohibited to obtain benefits from bonus programmes through false statements, automatic scripts, multiple registrations or similar work-arounds.
  • Splint Invest may cancel or withhold any benefits granted under a bonus programme if there are reasonable grounds to suspect that the conditions of participation have been violated.
  • Splint Invest may adjust or discontinue the bonus programmes at any time.
  • The benefits are only granted after confirmation by Splint Invest. In the case of links, referral codes or similar, the benefits and Terms apply at the time of confirmation by Splint Invest.
  • If benefits are credited as in-app balance, this dedicated in-app balance can only be used for the purchase of Splints and can hence not be withdrawn. The profit from the sale of the Splint purchased with in-app balance obtained through a bonus programme is at the user's free disposal. For the avoidance of doubt, the dedicated in-app balance obtained within the framework of a Bonus Programme can only be used for the purchase of Splints.

12 Warranty

Property description: Splint Invest guarantees that the property descriptions are essentially correct and that the properties are managed and stored in a professional manner. This does not apply to forward-looking statements and forecasts, for which no warranty can be given according to the Platform conditions.

No further warranty: To the extent permitted by law and not explicitly stated otherwise, Splint Invest excludes all warranties in connection with the Objects, the Splints and the Splint Tokens.

13 Liability

13.1 Limitation of Liability

Benefits and risks in the Object shall pass to the co-owners upon purchase. Splint Invest is exclusively liable for the professional management and safekeeping of the Objects, and Splint Invest's liability is limited to gross negligence or wilful misconduct. Any further liability of Splint Invest is excluded to the extent permitted by law.

In particular, Splint Invest is not liable to co-owners or other third parties for any loss or liability arising from a negative performance of the Objects.

Splint Invest does not assume liability for its inability to fulfil its obligations under these Terms in the event of force majeure e.g. natural disasters, wars, pandemics, epidemics, strikes, international trade disruptions, transmission failure or damage reasonably beyond its control, or other causes reasonably beyond its control.

13.2 Insurance

Splint Invest will obtain adequate insurance for damage to the Object during the holding period. In an insurance case, any insurance imbursement is paid out to the co-owners proportionately. The cost for the insurance are included in the purchase price.

13.3 Liability of Co-owners

The Co-Owner agrees to fully indemnify Splint Invest against any liabilities, costs, claims, damages and expenses arising in any way in connection with the co-owner's violation or breach of any of the provisions of these Terms.

14 Miscellaneous

Changes: We reserve the right to change these Terms and conditions at any time by notice via the Platform. Your consent will be sought for material changes, which will be deemed given if no express objection is made within a reasonable period of time.

Notices: Notices under this agreement shall be given in writing to the address last provided or available. The term"In writing" includes email unless otherwise expressly stated.

Severability Clause: If any provision of these Terms and Conditions is held to be illegal, invalid or otherwise unenforceable in whole or in part, the other provisions shall remain in full force and effect accordingly.

Governing Law and Jurisdiction: These Terms are governed by Swiss law, excluding its conflict of law provisions and the United Nations Convention on Contracts for the International Sale of Goods. For the Swiss market, the place of jurisdiction is Zug. For the German and the UK market, German and UK consumers are subject to at least the legal standard of their respective home country for consumer protection.

Aurelio Image CEO


CEO & Co-Founder