Switzerland Digital Asset License

Activities

The Switzerland Digital Asset License, regulated by the Swiss Financial Market Supervisory Authority (FINMA), permits financial institutions and technology companies to operate in the growing digital asset space under a structured and regulated environment. Entities with this license can engage in the following activities:

Digital Asset Exchange
Operate regulated platforms for the trading, buying, and selling of digital assets, including digital assets like Bitcoin and Ethereum.

Digital Wallet Services
Provide secure digital wallets for the storage, transfer, and management of digital assets.

Custodial Services
Offer custodial services and secure wallet management solutions for digital assets.

Digital Assets-to-Fiat and Fiat-to-Digital Assets Conversion
Facilitate the conversion of digital assets into fiat currencies (Swiss Franc, USD, etc.) and vice versa.

Payment Solutions
Enable businesses to accept and process digital assets for goods and services.

Security Token Offerings (STOs)
Offer regulated tokenized securities that represent ownership in real assets like stocks, bonds, or real estate.

Blockchain-Based Financial Services
Provide financial products and services built on blockchain technology, such as decentralized finance (DeFi) offerings and smart contracts.

Requirements

To operate under a Digital Asset License in Switzerland, companies must meet the following key requirements set by FINMA:

Business Plan Submission
A detailed business plan outlining the company’s activities, operational structure, target markets, and risk management framework.

Capital Requirements
Entities must maintain sufficient paid-up capital, which varies depending on the type of services being offered. Generally, financial institutions offering digital assets or blockchain services must meet minimum capital adequacy requirements.

AML/KYC Compliance
Licensed companies must comply with Anti-Money Laundering (AML) and Know Your Customer (KYC) regulations to ensure transparency and avoid illegal activities like money laundering and terrorism financing.

Custody and Security
Implement strict custodial solutions and strong cybersecurity measures to safeguard client assets, ensuring the protection of digital wallets, private keys, and customer data.

Regulatory Reporting
Entities must submit regular financial reports and statements to FINMA, ensuring that all activities are compliant with Swiss regulations.

Fit and Proper Test
Key personnel, such as directors and senior management, must pass a “fit and proper” assessment to prove their competence, integrity, and experience in the digital asset industry.

Physical Presence
Companies must establish a registered office in Switzerland to maintain a local presence and comply with regulatory oversight.

Risk Management
Firms must demonstrate proper risk management frameworks to mitigate operational, financial, and cybersecurity risks associated with digital assets.

Data Privacy and Protection
Companies must ensure compliance with Swiss data protection laws, safeguarding client information and ensuring the integrity of digital transactions.

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