According to the source, Backed Finance chose Switzerland to balance regulatory compliance with the open accessibility of decentralized finance, as stated by co-founder Adam Levi; source: Adam Levi, Backed Finance. Switzerland’s DLT Act and FINMA oversight recognize ledger-based (tokenized) securities and authorize DLT trading facilities, providing a framework for issuing and trading tokenized equities that shapes liquidity and access; source: Swiss Federal Council; FINMA. Traders considering tokenized stock exposure should note that Swiss-regulated offerings operate under defined investor eligibility, disclosure, and KYC/AML standards, which directly affect secondary-market liquidity and venue access; source: FINMA.