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.
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)
Overview
Key Details
Jurisdiction
SwitzerlandRegulator
Swiss Confederation; FINMA
Law Type
Act
Status
In ForceOfficial 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
Topics Covered
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 sourceFind and link the Federal Gazette/Fedlex consolidated act package as primary source. FINMA page is secondary guidance.
Related Laws
Swiss DLT Act
Federal Act on the Adaptation of Federal Law to Developments in Distributed Ledger Technology
Creates ledger-based securities, DLT trading facilities and crypto insolvency segregation rules.
FINMA Stablecoin Guidance
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Decision No. E/35/2023 — VASP Registration and AML/CFT Instructions
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BCB Resolutions No. 519, 520 and 521 of 2025 — Virtual Asset Regulatory Framework
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FSB High-Level Recommendations for Crypto-Asset Activities and Markets (2023)
High-Level Recommendations for the Regulation, Supervision and Oversight of Crypto-Asset Activities and Markets — Final Report (July 2023)
The FSB's High-Level Recommendations for Crypto-Asset Activities and Markets (2023) set nine recommendations for consistent regulation, supervision and oversight of crypto-asset issuers, service providers, activities and markets. They cover regulatory powers, governance, risk management, data, disclosures and cross-border cooperation. A separate revised set addresses global stablecoin arrangements. FSB recommendations are not self-executing domestic law.
IOSCO Policy Recommendations for Crypto and Digital Asset Markets (2023)
Policy Recommendations for Crypto and Digital Asset Markets — Final Report (FR11/2023)
The IOSCO Policy Recommendations for Crypto and Digital Asset Markets (2023) contain 18 recommendations grounded in the principle of consistent regulation of economically equivalent activities. They address conflicts of interest, market manipulation, custody, disclosure, retail risks and cross-border cooperation. IOSCO recommendations are not self-executing domestic law — implementation depends on member regulators in their respective jurisdictions.








