Crypto Valley: 1,749 | FINMA Licensed: 28 | CV Valuation: $593B | DAO Treasury: $45B | DLT Bonds: CHF 750M+ | Zug Blockchain: 719 | CV Funding: $586M | CV Unicorns: 17 | Crypto Valley: 1,749 | FINMA Licensed: 28 | CV Valuation: $593B | DAO Treasury: $45B | DLT Bonds: CHF 750M+ | Zug Blockchain: 719 | CV Funding: $586M | CV Unicorns: 17 |

Swiss DeFi — Protocols, Stablecoins & Wholesale CBDC

Intelligence on Swiss DeFi protocols, CHF stablecoins, Project Helvetia wholesale CBDC, and decentralized finance regulation under FINMA.

Swiss DeFi Intelligence

The Swiss DeFi section examines decentralized finance through the lens of Swiss regulation, institutional adoption, and central bank innovation. Switzerland occupies a unique position in global DeFi — home to both protocol foundations building decentralized infrastructure and a central bank actively piloting wholesale CBDC settlement on that same infrastructure through Project Helvetia.

Coverage spans Project Helvetia (the SNB’s wholesale CBDC pilot that has settled over CHF 750 million in digital bonds on SDX since December 2023), CHF stablecoins including Sygnum’s DCHF, Frankencoin (ZCHF), and AllUnity’s MiCAR-compliant CHFAU, staking regulation, and real estate tokenization under the DLT Act framework.

Our analysis intersects with FINMA regulatory coverage on DeFi protocol classification, Crypto Valley entity profiles for DeFi companies, and DAO governance frameworks for protocol treasury management. Track metrics via our dashboards and reference definitions in the encyclopedia.

Project Helvetia — SNB Wholesale CBDC & Digital Franc Settlement

Analysis of the Swiss National Bank's Project Helvetia wholesale CBDC pilot, covering phases, participating banks, settlement mechanics, and institutional implications.

Updated Mar 25, 2026

Staking Regulation in Switzerland — Custodial vs Non-Custodial Framework

Analysis of Swiss staking regulation covering FINMA's distinction between custodial and non-custodial staking, licensing requirements, and tax treatment.

Updated Mar 25, 2026

Swiss DeFi Lending — Protocol Analysis, Regulation & Institutional Adoption

Analysis of DeFi lending protocols with Swiss connections, covering AAVE, regulatory treatment, institutional participation, and risk frameworks.

Updated Mar 25, 2026

Swiss DeFi Regulatory Treatment — Protocol Classification Under FINMA

Analysis of how Swiss financial regulation applies to DeFi protocols, covering lending, AMMs, derivatives, and the classification challenges for decentralized services.

Updated Mar 25, 2026

Swiss Real Estate Tokenization — DLT Act Framework & Market Intelligence

Analysis of real estate tokenization in Switzerland covering DLT Act structures, Blockimmo, IMO Invest, Mt Pelerin, and regulatory limitations.

Updated Mar 25, 2026

Swiss Stablecoin Landscape — DCHF, Frankencoin, CHFAU & Market Analysis

Analysis of the Swiss CHF stablecoin ecosystem covering Sygnum DCHF, Frankencoin ZCHF, AllUnity CHFAU, discontinued CryptoFranc, and regulatory evolution.

Updated Mar 25, 2026
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