Switzerland: Implementation of remaining provisions of the DLT Law

On 1 August 2021, the remaining provisions of the DLT Framework came into force. One of the central changes that will take effect is the introduction of a license for DLT Trading Facilities. This license pertains to financial market infrastructures for DLT-based assets, which can permit not only financial intermediaries but also other companies and individuals to engage in trading. In the context of insolvency law, legal certainty is enhanced by explicitly regulating the segregation of crypto-based assets in the event of bankruptcy. On the same day, the corresponding blanket ordinance will also come into effect.