An independent association formed by leading actors from Switzerland's financial, technological and legal sectors to create common standards around issuing, distributing and trading securities in the form of tokens using the distributed ledger technology.
The Capital Markets and Technology Association
Established by Lenz & Staehelin, Swissquote Bank Ltd, and Temenos AG, with the support of EPFL, the CMTA is a not-for-profit, non-governmental association, capable of assuming an independent role as standard-setter for the use of blockchain technology in capital markets. The CMTA’s published standards can be consulted on the Standards page.
Defining industry standards to facilitate the adoption of technology in the capital markets
The CMTA aims to facilitate the use of distributed ledger technology (DLT) in the field of capital markets.
The CMTA was created with the idea that DLT - and more particularly blockchain technology – has the potential to simplify the financing of companies and democratize their access to financial markets, which is for the time being, essentially reserved for large companies.
Currently, the lack of legal certainty and clear standards prevent companies, investors and financial intermediaries from fully exploiting the potential of DLT.
The CMTA was established to promote the transparency and reliability needed to use DLT for financing purposes. One of the main objectives of the association is to promote the issuance and trading of traditional capital market instruments such as equity or debt securities in the form of digital tokens. The CMTA also seeks to adopt standards and systematize good practices at the regulatory, accounting and technical levels, in order to facilitate the treatment of digital assets by financial intermediaries.
The CMTA is an association organized under Swiss law having its registered office in Geneva and registered in the Commercial registry of the canton of Geneva under registration number CHE-408.722.286.