CMTA.Tokenized Shares


CMTA.Tokenized Shares Certification

Certified CMTA.Tokenized Shares are shares that have been tokenized in accordance with Swiss law and industry standards.

CMTA.Tokenized Shares certification is a guarantee to shareholders, operators of trading systems, and other business partners that a company’s shares have been validly tokenized in accordance with Swiss law and highest industry standards.

See the entry in the database of the Swiss Federal Institute of Intellectual Property.

Swiss companies that have tokenized their shares and followed standards set out by the CMTA can apply for certification. Carrying the CMTA.Tokenized Shares mark means that investors and business partners can trust that a company’s shares have been tokenized legally and to the highest technical industry standards, saving these partners the time and cost of carrying out specific due diligence into the technical and legal aspects of a company’s tokenization.

The CMTA.Tokenized Shares label certifies:

  • Compliance with Swiss law: shares issued in the form of ledger-based securities comply with the requirements of Article 973d of the Swiss Code of Obligations ("CO") and therefore have the legal effects provided for in Article 973f CO
  • Adherence to industry standards: CMTA’s Standard for the Tokenization of Shares of Swiss Corporations using the distributed ledger technology was published following consultation of CMTA’s membership of leading actors from Switzerland’s financial, technological and legal sectors.
  • Use of the open-source CMTAT smart contract (or another approved smart contract): the CMTAT has been developed specifically for share tokenization by a CMTA Tech Committee expert working group, incorporating the properties outlined in CMTA’s Tokenization Standard in a modular design with a core set of functionalities and optional modules.
  • Effective deployment of the smart contract: CMTA-recognized technical experts confirm the effective delivery of tokens to shareholders
  • Completion of due diligence by legal and technical experts: As part of the certification process, CMTA-recognized experts must verify aspects relating to the tokenized shares and smart contract

Process toward CMTA.Tokenized Shares certification

The process for obtaining CMTA.Tokenized Shares certification is clearly regulated and only certified companies can use the mark. The below summarizes the main steps for a company to obtain certification. For full information on the conditions, please request a copy of the regulations from

Get Certified: Email to request an application form


CMTA keeps a register in which it records the companies that are authorized to use the Certification Mark


Email to request an application form

Get Certified

Become a CMTA Recognized Expert

Recognition as a CMTA recognized legal expert or service provider is open to individuals or companies who meet certain requirements. See our Experts recognition regulations. For more information on the process, please contact

List of Recognized Experts

Application form for Legal experts
Application form for Technology Service Providers