Blockchain & Crypto Assets Comparative Guide

1. Please provide a high-level overview of the blockchain market in your jurisdiction. In what business or public sectors are you seeing blockchain or other distributed ledger technologies being adopted?

Distributed ledger technology (“DLT”) is seeing an ever increasing – experimental and practical – application across various industry sectors in Switzerland. Also the public sector in Switzerland closely follows and supports developments in the area of blockchain, and some public institutions and cantonal governments have already adopted blockchain-based solutions or accept payments in common cryptocurrencies. The financial sector (fintech and insurtech) is at the forefront of blockchain and smart contract adoptions, with numerous businesses engaging in services relating to cryptocurrencies and other digital assets (e.g. asset management, trading and exchange services or custody solutions) as well as the tokenisation of assets, including securities such as shares