Since 2021, a token can carry a security: ledger-based securities (art. 973d CO), crypto-asset segregation in bankruptcy, DLT trading facility licenses — how the DLT Act made Switzerland one of the first jurisdictions where tokenized securities are securities in the fullest sense, and what remains to be built.
Jul 17, 2026 · 11 min read
A structured product, not a fund; a claim against the issuer; launched in weeks: what an actively managed certificate is, why Switzerland made it a wrapper of choice — including for crypto strategies — and the points its documentation should clarify.
Jul 17, 2026 · 10 min read
A token is not the building: it is a right over it, worth only as much as the legal link that ties them. What tokenizing real-world assets really changes — fractionalization, liquidity, cost, transparency — what Switzerland's DLT Act adds, and why, for real estate, it is an evolution of the plumbing rather than a revolution in access.
Sep 15, 2024 · 9 min read