FINMA

FINMA supervises banks, insurers, exchanges, and asset managers in Switzerland as an independent authority operating outside the European Union framework.

It was among the first regulators anywhere to publish structured guidance classifying token types, which contributed to Switzerland becoming an early base for blockchain companies.

Switzerland's regulatory clarity on digital assets, combined with its position in the DACH region, has made it a deliberate choice of domicile for blockchain and fintech companies.

Fund managers also use Swiss structures, and FINMA licensing categories determine which activities require full authorisation.