Swiss Crypto Regulation Under Test - Roundtable

​LEFin Revision – From Consultation to Execution

​On 22 October 2025, FINMA launched a public consultation on the revision of LEFin, with direct implications for stablecoins, crypto-assets and tokenized real-world assets (RWAs).

​Decentral House and The Good Token Society are co-organizing a structured roundtable as a practitioner-led response to the consultation, building on the analytical report and official position submitted by The Good Token Society.

​📄 Background document:
https://www.linkedin.com/feed/update/urn:li:activity:7426589101912469504/

Objective
To test the draft LEFin framework against real execution conditions, identify gaps between regulatory intent and operational constraints, and contribute grounded input to the ongoing consultation process.

​Key Topics
– LEFin revision: scope, assumptions and open questions
– Stablecoins & crypto-assets: regulatory perimeter and frictions
– RWAs and custody models
– Tokenized gold as a live case study (DGLD)
– Market infrastructure, compliance and execution risk

​Use Case Focus
The discussion will rely on tokenized gold (DGLD) as a concrete RWA example to assess how the proposed legal framework performs in practice.

​Co-Hosts
– Gabriel Jaccard, VP The Good Token Society & Attorney at Law, Arbitri
– Nicola Massella, Legal Partner, STORM Partners

​Speakers:
– Kurt Hemecker, CEO, Gold Token SA (DGLD)

​Format
Layered roundtable discussion
Chatham House Rule
Invitation-only

​Audience
RWA issuers, stable-asset projects, legal experts, custodians, infrastructure providers, policymakers.