Switzerland“One of the pioneering firms in web3 solutions, digital assets and tokenization, recognized for its innovation and solid reputation across Spain and Latin America.”
Jorge CorredorLawyer, Rincón Cuéllar & Asociados
Asset tokenization in Switzerland
We build the platform to tokenize bonds, shares and revenue rights in Switzerland: investor onboarding, ERC-3643 tokens and the ledger for ledger-based securities under Article 973d of the Code of Obligations, coordinated with the law firm that structures the issuance under FinSA.
Tokenize your asset
They trust Metlabs to tokenize their assets
Why Switzerland
Why tokenize assets in Switzerland?
Since February 2021, the Code of Obligations has allowed a bond or a share to be recorded on a DLT ledger and exercised and transferred only through it. That year FINMA authorized a central securities depository for digital assets, and in 2025 the first DLT trading facility. A public offer of up to CHF 8 million over 12 months needs no prospectus.
CHF 8M
maximum for a public offer of securities without a prospectus over 12 months, under FinSA
Fedlex · FinSA, art. 36What gets tokenized
Debt, equity and revenue: what gets tokenized in Switzerland
Almost every tokenized issuance represents one of these three rights against the issuer. The right determines the vehicle, the applicable law and who keeps the register, and it is settled before the network or the token standard.
| Right | Debt | Equity | Revenue |
|---|---|---|---|
| What is issued | Bonds | Shares | Revenue rights |
| The investor receives | The investor lends to the issuer and receives interest and, at maturity, the principal. | The investor joins the share capital: dividends, voting rights and a share of any sale or liquidation. | The investor receives a share of the income from an asset: rents, energy sold, sales or royalties. |
| The token enforces |
|
|
|
| Issuer | AG or GmbH | AG only | AG or GmbH |
| Register | Securities ledger (art. 973d CO) | Securities ledger (art. 973d CO) | Securities ledger if a security |
| Law | CO arts. 973d ff. and FinSA | CO arts. 622 and 973d | FMIA and FinSA if a security |
| How it is issued | They are issued as ledger-based securities: the registration agreement ties the right to the DLT ledger, and transfers follow that agreement's rules. The issuer is responsible for the ledger always operating in line with it, even when a third party runs it. | The AG's articles of association must provide for shares to be issued as ledger-based securities. GmbH capital contributions can only be documented in an evidentiary certificate or a registered security, are assigned in writing and, unless the articles say otherwise, need the members' approval. | FINMA treats asset tokens as securities, including those giving a share in earnings streams, when they are standardized and suitable for mass trading. In that case they are issued as ledger-based securities and their public offer follows FinSA. |
Regulation
Regulation guide for SwitzerlandWhich regulation applies to tokenization in Switzerland?
Securities tokenization rests on the 2021 DLT reform, which added ledger-based securities to the Code of Obligations and DLT trading facilities to the Financial Market Infrastructure Act (FMIA). Public offers follow the Financial Services Act (FinSA), and FINMA authorizes whoever provides custody, trading or distribution. Switzerland is not part of the EEA: MiCA does not apply.
Article 973d does not require the ledger to be run by an authorized entity, but it must meet its requirements: give holders, not the issuer, the power of disposal, protect its integrity, document the content of the rights and let holders check their entries without a third party. The issuer is responsible for how it operates. Multilateral trading is a different matter: it requires an authorized infrastructure, such as the DLT trading facility FINMA licensed in 2025 for supervised participants, usually banks.
A public offer requires a prospectus unless an exemption applies: up to CHF 8 million over 12 months, fewer than 500 investors or professional clients only, among others. If the securities are admitted to a DLT trading facility, the prospectus rules apply by analogy. We coordinate the structure with law firms that specialize in Swiss law, and custody and distribution are provided by entities holding the license or affiliation each activity requires.
Switzerland
FavourableScore90
- Scope
- Switzerland
- Authorities
- FINMA
- Latest regulatory change
- Jan 2026
Applicable frameworks
| Framework | Applies to | Key authorisations |
|---|---|---|
| Reforma DLT · Código de Obligaciones | Ledger-based securities and their rights. | Recognition subject to the agreement and ledger; separate activity-specific permissions. |
Our legal partners
Methodology
How we tokenize an asset in Switzerland, step by step
The four phases of our methodology, with the parties involved in Switzerland. The law firm and our engineering team work in parallel from the asset review to investor acquisition.
We review the asset's title, encumbrances and cash flows, and decide with the issuer whether the token will be debt, shares or a revenue right. That sets the vehicle, an AG or a GmbH, the amount and the rules of the issuance.
The law firm classifies the token, drafts the registration agreement and the issuance documents, and chooses the offer route: a prospectus or one of the FinSA exemptions. It also identifies which activities need a FINMA license or affiliation with an SRO.
We configure the white label platform with your brand: investor onboarding with KYC, signature, payment and ERC-3643 tokens carrying the offer's rules. The ledger is designed to meet the Article 973d requirements, and connections to custodians or trading venues are custom development.
With the issuer and, where there is one, the distributing entity, we prepare the offer page and measure the journey to a paid subscription. After the issuance, the platform handles distributions, transfers between verified investors and reporting.
Milestones
Tokenization milestones in Switzerland
The dates that brought ledger-based securities into production in Switzerland, from the civil law reform to the first DLT trading license, taken from our regulation guide. Each milestone links to its source.
See the full timelineLedger-based securities
Civil law provisions of the DLT reform, including Article 973d, enter into force.
SIF · Partial commencementRemaining DLT package
The remaining reform and its ordinance enter into force, including infrastructure and insolvency rules.
SIF · Full commencementPermissions for SIX’s digital exchange and depository
FINMA announces approval of SIX Digital Exchange AG as a central securities depository and SDX Trading AG as an exchange. These differ from BX Digital’s later DLT trading facility permission.
FINMA · Announcement of 10 September 2021FINMA announces the first DLT trading facility licence
The first DLT trading facility licence is announced. Its scope depends on the permission granted.
FINMA · Authorisation announcement
Reviews in Switzerland
What do our clients think of Metlabs?
“We structured the tokenization of real estate projects with them, and I value the team's ability to understand our corporate needs and genuinely solve them.”
Joan MejíaManager, GLOBYNE
“They advised us on the feasibility of tokenizing real estate assets in Uruguay with direct, cordial treatment. A professional team, responsive and always available.”
Álvaro Silva SantamaríaCEO, Sp Inmuebles
“Great professionals at structuring tokenized projects, with technical command and attention to detail that inspire full confidence at every stage of the work.”
Francisco BetancourtVerified Google review
“As a blockchain lawyer, I value their experience and professionalism in consulting and executing tokenization projects. Technology partners you can fully trust.”
Vanessa RivasBlockchain lawyer, El Salvador
“Great professionals, very attentive to their clients and always mindful of every detail. Working with their team has been a genuine pleasure from start to finish.”
CriptorentVerified Google review
“A very professional yet approachable company that empathizes with your doubts and needs. Highly recommended for entrepreneurs with a tokenization project.”
Javier EspasaTokenization entrepreneur
“Exceptional in every sense. From legal support I value their rigor and transparency: working with Metlabs means professionalism, innovation and security.”
Pedro A. Agúndez MéndezGoogle Local Guide
“Excellent service across blockchain development, asset tokenization and consulting. A very professional team that I recommend wholeheartedly, without reservation.”
José Luis DíazVerified Google review
“I have worked with them on several projects and they are very professional. A guarantee that everything turns out perfectly. Without a doubt, 100% recommended.”
Ignacio Fernández JiménezVerified Google review
“One of the pioneering firms in web3 solutions, digital assets and tokenization, recognized for its innovation and solid reputation across Spain and Latin America.”
Jorge CorredorLawyer, Rincón Cuéllar & Asociados
“Great professionals at structuring tokenized projects, with technical command and attention to detail that inspire full confidence at every stage of the work.”
Francisco BetancourtVerified Google review
“A very professional yet approachable company that empathizes with your doubts and needs. Highly recommended for entrepreneurs with a tokenization project.”
Javier EspasaTokenization entrepreneur
“I have worked with them on several projects and they are very professional. A guarantee that everything turns out perfectly. Without a doubt, 100% recommended.”
Ignacio Fernández JiménezVerified Google review
“We structured the tokenization of real estate projects with them, and I value the team's ability to understand our corporate needs and genuinely solve them.”
Joan MejíaManager, GLOBYNE
“As a blockchain lawyer, I value their experience and professionalism in consulting and executing tokenization projects. Technology partners you can fully trust.”
Vanessa RivasBlockchain lawyer, El Salvador
“Exceptional in every sense. From legal support I value their rigor and transparency: working with Metlabs means professionalism, innovation and security.”
Pedro A. Agúndez MéndezGoogle Local Guide
“They advised us on the feasibility of tokenizing real estate assets in Uruguay with direct, cordial treatment. A professional team, responsive and always available.”
Álvaro Silva SantamaríaCEO, Sp Inmuebles
“Great professionals, very attentive to their clients and always mindful of every detail. Working with their team has been a genuine pleasure from start to finish.”
CriptorentVerified Google review
“Excellent service across blockchain development, asset tokenization and consulting. A very professional team that I recommend wholeheartedly, without reservation.”
José Luis DíazVerified Google review
Platform
What does our white label tokenization platform include in Switzerland?
The investor portal, ERC-3643 tokens and issuer console, under your brand. Out of the box it handles onboarding, signing, payment and distributions; anything else your issuance needs, such as a local payment method or a connection to your bank or custodian, we build on the same platform.
Request a demo
- Your brand and domainYour visual identity and legal notices across the investor portal.
- Investor onboardingSign-up, KYC with passport or Swiss ID card, KYB, AMLA and a custodial wallet.
- End-to-end investmentE-signature and payment in francs by bank transfer or with stablecoin (USDT/USDC).
- ERC-3643 tokensEvery subscription is issued under the rules of the FinSA no-prospectus offer.
- Issuer consoleProjects, investors, Swiss franc reconciliation, distributions and reporting.
- Compliance and audit trailKYC and AMLA file per investor and an exportable audit log.
Institutional custody, integrated
We integrate custody and key management providers through their APIs, including Fireblocks, BitGo, Coinbase Prime, Anchorage Digital, Copper and Ledger Enterprise. Depending on the provider and model, keys are managed with MPC or multisig so that none depends on a single device. If the token is a security, custody on behalf of clients is provided by an authorized entity.
FAQ
Frequently asked questions about tokenization in Switzerland
What we are asked before a project starts.
Talk to our teamIs asset tokenization legal in Switzerland?
Yes. Since February 1, 2021, the Code of Obligations has regulated ledger-based securities: a right that, by agreement between the parties, is recorded in a ledger and can only be exercised and transferred through it. What may require a FINMA license or SRO affiliation is custody, trading or distribution.
Can GmbH capital contributions be tokenized?
Not as ledger-based securities: the law only allows a GmbH contribution to be documented in an evidentiary certificate or a registered security, its assignment must be in writing and, by default, approved by the members' meeting. A GmbH can issue tokenized bonds, or convert into an AG to tokenize its shares.
How much can be raised without a prospectus in Switzerland?
FinSA exempts from a prospectus a public offer that does not exceed CHF 8 million over 12 months, that is addressed to fewer than 500 investors or only to professional clients, among other exemptions. Outside them, a reviewed prospectus is required, and the law firm confirms which exemption fits each issuance.
Does the token give ownership of the property?
No. In Switzerland, ownership of real estate is acquired by entry in the land register, and the transfer contract must be notarized. The token represents a right against the issuer, usually the owning company: a bond, a share or a stake in its income.
Asset tokenization
Assets we tokenize in Switzerland.
Asset tokenization
Articles on tokenization
Real Asset Tokenization: How RWA Tokenization Works
How to structure an RWA project: holder rights, issuance, recordkeeping, payments and recovery. What blockchain adds and what depends on the legal arrangement.
What are the differences between security tokens and utility tokens?
How to distinguish financial rights from service access, what legal classification examines and why a token’s name does not determine its regulation.
OpenZeppelin and ERC-3643: how a security token is built
What OpenZeppelin libraries and ERC-3643 controls provide, and what a securities issuance also requires: rights, permissions, operations and review.
Tokenize your asset in Switzerland
Tell us which right you want to issue and we will propose the technical structure, timeline and phased budget.
Where we are
We're your tokenization company in:
Metlabs Offices
Av. García Sabell, 1, Edificio Proa 15009 A Coruña, Spain
We tokenize assets in
SpainUnited StatesUAEUnited KingdomMexicoSingaporeAustraliaColombiaArgentinaChilePeruPortugalGermanyHong KongBrazilEcuadorFranceIndiaPanamaAndorraAustriaBahrainBelgiumBoliviaCanadaCosta RicaCubaCyprusCzechiaDenmarkDominican RepublicEl SalvadorEstoniaFinlandGreeceGuatemalaHondurasHungaryIrelandIsraelItalyJapanKuwaitLiechtensteinLithuaniaLuxembourgMaltaMonacoMoroccoNetherlandsNew ZealandNicaraguaNigeriaNorwayOmanParaguayPolandPuerto RicoQatarRomaniaSan MarinoSaudi ArabiaSeychellesSouth AfricaSouth KoreaSwedenTurkeyUruguayVenezuela
