The DLT Act came into force in Switzerland on 1 August 2021. DLT stands for Distributed Ledger Technology — the family of technologies to which blockchain belongs. The Act creates the legal concept of the register value right: a security that does not exist physically but is entered on a decentralised register, with the same legal effect as a classical security.
In most countries asset tokens live in a grey zone — formally securities, but with no clarity on which regulation applies, how ownership transfers, or how courts decide disputes. In Switzerland all of this is resolved. Combined with FIDLEG, the DLT Act makes Switzerland one of the clearest jurisdictions in the world for serious tokenisation projects.