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Bundesgesetz zur Anpassung des Bundesrechts an Entwicklungen der Technik verteilter elektronischer Register

Also known as: Federal Act adapting federal law to developments in distributed ledger technology (DLT Act)

Switzerland Swiss Confederation; FINMA

Overview

Switzerland's DLT Act amends multiple federal laws to accommodate ledger-based securities, DLT-based asset custody and insolvency, and introduces the DLT trading facility licence. It is a technology-neutral multi-statute reform rather than a standalone crypto act, and covers issuers, custodians, financial institutions and licensed DLT trading facilities in Switzerland.

Key Details

Jurisdiction

Switzerland

Regulator

Swiss Confederation; FINMA

Law Type

Act

Status

In Force

Official Law Number

BBl 2020 7639

Official Title

Bundesgesetz zur Anpassung des Bundesrechts an Entwicklungen der Technik verteilter elektronischer Register

Enacted Date

September 25, 2020

Effective Date

August 1, 2021

Who This Law Applies To

Issuers of ledger-based securities, custodians, Swiss financial institutions and licensed DLT trading facilities in Switzerland.

Key Requirements

  • Introduces ledger-based securities (Registerwertrechte) into Swiss private law.
  • Clarifies segregation and recovery of crypto-based assets in bankruptcy and insolvency proceedings.
  • Creates the DLT trading facility licence and related financial-market infrastructure changes.

Official Sources

Official indirect source

Find and link the Federal Gazette/Fedlex consolidated act package as primary source. FINMA page is secondary guidance.

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