Since 2021, a token can carry a security: ledger-based securities (art. 973d CO), crypto-asset segregation in bankruptcy, and DLT trading facility licenses. How the DLT Act gave tokenized securities the full legal status of securities under Swiss law, 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 it is so widely used in Switzerland — 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 changes (fractionalization, liquidity, cost, transparency), what Switzerland's DLT Act adds, and why, for real estate, the gains are in the issuance, settlement, and transfer of securities rather than in access to property.
Sep 15, 2024 · 9 min read