Is real estate tokenization legal in Switzerland?

Yes, and Switzerland is a global leader. The DLT Act, in force since 2021, created 'ledger-based securities' – tokens issued natively on a blockchain that are fully enforceable under Swiss law. FINMA generally treats real estate tokens as securities, so issuers register, disclose and comply with securities rules.

Who regulates tokenization in Switzerland?

FINMA, the Swiss Financial Market Supervisory Authority, supervises token issuance and classifies tokens (real estate tokens usually count as asset tokens, treated as securities). The DLT Act also created a DLT trading-facility licence; in 2025 FINMA authorised BX Digital to operate as a regulated DLT trading venue.

Can foreign investors buy tokenized Swiss real estate?

It depends on the property type. Under Lex Koller, foreign non-residents face restrictions on acquiring residential property, while commercial real estate is generally open. Tokenization tends to focus on commercial assets – like the Zurich office building BrickMark tokenized – where foreign participation is permitted. Confirm Lex Koller treatment for any specific asset.

What taxes apply to tokenized real estate gains in Switzerland?

Real estate capital gains are taxed at cantonal level (Grundstückgewinnsteuer), with the rate decreasing the longer the property is held; foreigners follow the same rules as residents. Rental income is subject to income tax. Rates and transfer duties vary significantly by canton, so confirm with a Swiss tax advisor for the relevant location and any tokenized structure.

What are ledger-based securities under the DLT Act?

Ledger-based securities are a class of uncertificated securities, introduced by Switzerland's DLT Act, that can be created and transferred directly on a blockchain with the same legal effect as traditional securities. They let real estate and other assets be tokenized and traded with enforceable rights, and crypto held in custody is segregated from a custodian's insolvency.

Who has tokenized real estate in Switzerland?

The landmark example is BrickMark, which bought a prime Bahnhofstrasse building in Zurich for CHF 130 million and paid part of the price in security tokens – among the largest tokenized real estate deals worldwide. Switzerland's DLT Act, FINMA oversight and Crypto Valley ecosystem continue to attract further tokenization projects.

For real estate companies, developers and funds

Tokenize Real Estate in Switzerland

Launch tokenized real estate in Switzerland on your own white-label platform – built for the DLT Act's ledger-based securities and FINMA oversight, in the heart of Crypto Valley, under your brand. We provide the software; the offering and the investor relationships stay entirely yours.

Book a Free Demo

DLT Act since 2021
FINMA-supervised
Ledger-based securities

Is tokenized real estate already happening in Switzerland?

Yes – Switzerland hosted one of the world's largest tokenized property deals, backed by a purpose-built DLT law.

CHF 130M on-chain

BrickMark

BrickMark acquired a prime commercial building on Zurich's Bahnhofstrasse for CHF 130 million, paying part of the purchase price in security tokens issued on Ethereum – one of the world's largest tokenized real estate transactions. Token holders gain a share of rental income and value. In 2025, BrickMark partnered with platform DigiShares to scale that model further.

Zurich Bahnhofstrasse
CHF 130M
Security tokens

BX Digital

Licensed DLT marketplace

In 2025, FINMA authorised BX Digital to operate as a regulated DLT trading venue – the first of its kind in Switzerland – giving tokenized securities a compliant, on-exchange home for secondary trading.

Zug & Swiss market

CHF settlement on-chain

Zug's Crypto Valley provides deep blockchain infrastructure including CryptoFranc, a Swiss-franc stablecoin, enabling tokenized real estate deals to settle in CHF directly on-chain.

Is your asset a fit?

Tokenization works for real, existing assets that you own and control.

What qualifies

Residential property
Commercial real estate
Development projects with permits
Portfolios under your ownership

What doesn't work

Ideas without an existing asset
Planned developments without permits
Assets you don't own or control
Single units under $500k with no plan to scale

How it works – from your asset to your investors

What gets tokenized isn't the property directly – it's the SPV or LLC that owns it. Investors buy tokens that represent a fraction of that company.

1
You bring the asset
A real property you own and control, held by an SPV or LLC. That company – not the building itself – is what gets tokenized.
2
We build your platform
A white-label platform under your brand and domain, with an audited smart contract, investor portal and admin panel. Live in about two weeks.
3
Investors come in
They pass KYC/AML with Sumsub, then buy token fractions paying in fiat or crypto – all inside your platform.
4
You run and grow it
You own the brand, the analytics and the investor relationship. We keep the software running with support and updates.

We provide tokenization software – not a ready-made marketplace with built-in demand. Legal structuring and regulatory approvals run separately and depend on your jurisdiction.

Why Tokenizer.Estate

The infrastructure, compliance and security to launch with confidence – under your own brand.

100%code coverage

0critical or high issues

Our token smart contract passed an independent Hacken audit: 100% code coverage, zero critical or high-severity issues, every finding fixed or mitigated.

It's yours
A white-label platform under your own brand and domain. You operate it and own the investor relationship.
Compliance built in
Sumsub KYC/AML, role-based access, audit logs and IP whitelisting – included from day one.
You stay in control
We provide the software and ongoing support – the business, and your investors, stay yours.

Real Estate Tokenization in Switzerland – Key Questions Answered

Is real estate tokenization legal in Switzerland?
Is real estate tokenization legal in Switzerland?
Yes, and Switzerland is a global leader. The DLT Act, in force since 2021, created 'ledger-based securities' – tokens issued natively on a blockchain that are fully enforceable under Swiss law. FINMA generally treats real estate tokens as securities, so issuers register, disclose and comply with securities rules.
Can foreign investors buy tokenized Swiss real estate?
Can foreign investors buy tokenized Swiss real estate?
It depends on the property type. Under Lex Koller, foreign non-residents face restrictions on acquiring residential property, while commercial real estate is generally open. Tokenization tends to focus on commercial assets – like the Zurich office building BrickMark tokenized – where foreign participation is permitted. Confirm Lex Koller treatment for any specific asset.
What are ledger-based securities under the DLT Act?
What are ledger-based securities under the DLT Act?
Ledger-based securities are a class of uncertificated securities, introduced by Switzerland's DLT Act, that can be created and transferred directly on a blockchain with the same legal effect as traditional securities. They let real estate and other assets be tokenized and traded with enforceable rights, and crypto held in custody is segregated from a custodian's insolvency.

Who regulates tokenization in Switzerland?
Who regulates tokenization in Switzerland?
FINMA, the Swiss Financial Market Supervisory Authority, supervises token issuance and classifies tokens (real estate tokens usually count as asset tokens, treated as securities). The DLT Act also created a DLT trading-facility licence; in 2025 FINMA authorised BX Digital to operate as a regulated DLT trading venue.
What taxes apply to tokenized real estate gains in Switzerland?
What taxes apply to tokenized real estate gains in Switzerland?
Real estate capital gains are taxed at cantonal level (Grundstückgewinnsteuer), with the rate decreasing the longer the property is held; foreigners follow the same rules as residents. Rental income is subject to income tax. Rates and transfer duties vary significantly by canton, so confirm with a Swiss tax advisor for the relevant location and any tokenized structure.
Who has tokenized real estate in Switzerland?
Who has tokenized real estate in Switzerland?
The landmark example is BrickMark, which bought a prime Bahnhofstrasse building in Zurich for CHF 130 million and paid part of the price in security tokens – among the largest tokenized real estate deals worldwide. Switzerland's DLT Act, FINMA oversight and Crypto Valley ecosystem continue to attract further tokenization projects.

Global Jurisdictional Coverage

Every market has its own rules. Tokenizer.Estate has built the structures to make tokenization work – from Europe to Asia to the Middle East. Launch with confidence, wherever your investors are

Last updated: 21-06-2026

The information on this page is for general informational purposes only and does not constitute legal, financial, investment, or tax advice.
Tokenizer.Estate provides a platform for real estate tokenization and connects you with licensed local partners, but we do not provide legal or regulatory guidance.
Please consult qualified professionals in your jurisdiction before making any investment or tokenization decisions.

Sources & References

Global Legal Insights – Blockchain & Cryptocurrency Laws Switzerland 2026
Chambers and Partners – Blockchain 2025 – Switzerland (DLT Act)
Goldblum – Switzerland Approves First Regulated DLT Trading Platform (BX Digital)
SWI swissinfo – Slice of Prime Zurich Real Estate Sold on Blockchain (BrickMark)
Decrypt – A Swiss Office Sold for $135M on the Blockchain
Greater Zurich Area – BrickMark Makes Largest Real Estate Transaction with Tokens
PwC Switzerland – Lex Koller: Foreign Real Estate Acquisition
Chambers and Partners – Real Estate 2025 – Switzerland
Neho – Real Estate Taxes in Switzerland

Tokenize Real Estate in Switzerland

Is tokenized real estate already happening in Switzerland?

Is your asset a fit?

What qualifies

What doesn't work

How it works – from your asset to your investors

You bring the asset

We build your platform

Investors come in

You run and grow it