FIDLEG (German: Finanzdienstleistungsgesetz; English: Financial Services Act, FinSA) has regulated the conduct duties of financial service providers in Switzerland since 2020. It includes the obligation to provide transparent information, prospectus requirements for public offers, and clear investor-protection rules.
Asset tokens fall under this regime, which places them on legal par with classical securities. The combination of the DLT Act and FIDLEG is uniquely clear globally — there is no other major financial jurisdiction in which tokenised securities are so unambiguously regulated. That clarity is precisely why serious tokenisation projects gravitate to Switzerland.