Ledger-Based Security (Swiss DLT Act)
German: Registerwertrecht
A Swiss law instrument under the Code of Obligations in which rights are recorded in a distributed register and can only be transferred through it, effective since 2021.
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DACH readers comparing Swiss, German and Liechtenstein routes to legally effective token transfers.
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Registerwertrecht — Ein Instrument des schweizerischen Obligationenrechts, bei dem Rechte in einem verteilten Register eingetragen und nur über dieses übertragen werden können, in Kraft seit 2021.
Related terms
Looking for how this maps to its traditional-finance counterpart rather than a standalone definition? See the Term Bridge, which also flags where the obvious analogy is wrong.