Decentralized Finance Symposium

DeFi business models and their regulation in Switzerland. The symposium is organized by the Center FSI-HSG.
HSG Impact Space Kontur RGB
AdobeStock 347254520
Tagung / Konferenz
hsg linie schwarz

Programme overview

Decentralized Finance (DeFi) is a growing ecosystem offering financial services in a fully decentralized fashion – that is, without intermediaries like banks, brokerages, or exchanges. Users of DeFi applications and protocols can lend or borrow, trade cryptocurrencies and other digital assets, purchase derivatives, earn interest from savings, and buy insurance. All of this is made possible by leveraging on blockchain technology and smart contracts, which provide decentralized trust.

What are currently the most important business models of DeFi infrastructures and how are such services regulated in Switzerland? How does the Swiss Financial Market Supervisory Authority FINMA assess DeFi infrastructures? What does FINMA expect from licensed financial market institutions that want to use DeFi?

The symposium intends to shed light on these questions by key notes and a panel with representatives from FINMA, the industry and academia. A summary of the event will be published in a white paper.
The symposium is addressed to representatives of DeFi infrastructures from Swiss industry and from industry abroad, regulated financial institutions (banks, securities firms, etc.), academia and authorities.

Next step

Are you interested in this programme? Download our brochure to find out if this executive education fits you and your career planning:

Contact person

Learn more about the programme in a personal conversation.

HT FSI HSG 132

Dr. Tobias Trütsch Managing Director Center for Financial Services Innovation

Programme details

Programme type

Tagung / Konferenz

Format

Hybrid

Language

Englisch

Duration

half day | spring 2025

Location

Zurich

Price

CHF 0 Company discounts for greater than two registrations (starting at three) and corporate packages available upon request. Enrolled students are free of charge. Please send a message for free tickets.

Target group

Aufsichtsrat/Verwaltungsrat, Bereichsleitende, Fachspezialist/-in, High Potential, Höhere Führungskraft, Inhaber / Gründer, Unternehmensleitung

Next date

Target Audience

The Symposium is addressed to representatives of DeFi infrastructures from Swiss industry and from industry abroad, regulated financial institutions (banks, securities firms, etc.), academia and authorities.

Professionals of DeFi infrastructures from
(not exhaustive):

  • Industry

  • Regulated financial institutions (banks, securities firms etc.)

  • Authorities

  • Academia

Untitled design 5

Learning Objectives

The symposium sheds light on the following questions:

  • What are currently the most important business models of DeFi infrastructures?

  • How are such services regulated in Switzerland?

  • How does the Swiss Financial Market Supervisory Authority FINMA assess DeFi infrastructures?

  • What does FINMA expect from licensed financial market institutions that want to use DeFi?

Business models of DeFi applications

Regulation of DeFi in Switzerland

Expectations of FINMA to get licenced

Your Benefits

Technology and its regulation are moving fast and being on top of the latest developments is challenging. This symposium will help participants navigate successfully through the unfolding DeFi revolution by:

Equipping participants with an in-depth understanding of the current DeFi ecosystem and the bridge between DeFi and traditional finance.

Equipping participants with an in-depth understanding of the current DeFi ecosystem and the bridge between DeFi and traditional finance.

Guiding participants trough the challenges of regulating DeFi services and the regulation of their use by regulated institutions by FINMA.

Finanzielle Fuehrung2024

Agenda

Registration

8.30 am until 9 am

  • Registration

Welcome

9 am

  • Prof. Dr. Nina Reiser

Keynotes

9.05 am

  • Bridging DeFi and traditional finance: An industry outlook

    Dr. Lidia Kurt

  • Liquity – a Swiss DeFi project which provides interest-free loans

    Michael Svoboda

  • Regulatory anchor points of DeFi-services and their use by regulated institutions

    Matthias Obrecht

Panel

10.30 am

  • Björn Flückiger

  • Dr. Lidia Kurt

  • Matthias Obrecht

  • Michael Svoboda

Moderation: Prof. Dr. Nina Reiser

Lunch/Networking

11.30 am

  • Lunch

Speakers

bjorn fluckiger
Björn Flückiger

Björn Flückiger is Head Legal at SDX. He has over a decade of legal expertise in financial market law and fintech regulation. Amongst others, Björn was an integral part in the setup and operationalization of FINMA’s Fintech unit, contributing significantly to various regulatory policies, including the development of FINMA’s ICO and stablecoin guidelines. Most recently, he served as Head of Legal Services and Regulatory Affairs at Crypto Finance Group, where he managed all legal and supervisory matters of Crypto Finance’s FINMA-licensed entities.

LidiaKurt
Dr. Lidia Kurt

Lidia Kurt has extensive experience in the intersection of traditional finance with new technologies. She is the founder of the digital asset business studio vision&. With her company, she is building products and creating ventures in the digital asset industry for her clients. She is also a co-founder of the recently launched Swiss Stablecoin. Previously, she was the managing partner of a consulting boutique for quantitative finance and has worked for J.P. Morgan and Swiss Re in Zurich, London and Hong Kong. Lidia graduated from the University of St. Gallen with a PhD in asset management. Although loving to tackle the challenges of the financial world, Lidia’s actual happy place are technologies – during coding she regularly loses track of time.

Foto Matthias Obrecht edited
Matthias Obrecht

Matthias Obrecht is head of the Fintech Desk at FINMA. The Fintech Desk is a centre of competence for fintech topics within FINMA and also authorises and supervises institutions with the so-called Fintech-Licence (Art. 1b BankA) as well as DLT trading systems. He is attorney at law and holds a law degree from the University of Zurich and a MBA from Sungkyunkwan University, Seoul.

HT FSI HSG 005 1024x683 1
Prof. Dr. Nina Reiser

Nina Reiser is Associate Professor of Financial Markets Law at the School of Law, affiliated with the HSG Center for Financial Services Innovation (FSI-HSG) and Vice Director at the Institute of Law and Economics (ILE-HSG) at the University of St. Gallen. Prior to her appointment at the University of St. Gallen, she held various positions at the Swiss Financial Market Supervisory Authority FINMA. She is also a private lecturer in private and commercial law at the University of Zurich and holds an LL.M. from Harvard Law School, Cambridge, MA, USA. Nina Reiser researches and teaches in the areas of financial market law and corporate law. She combines basic research with practical insights from her work at FINMA.

michael svoboda liquidity
Michael Svoboda

Michael is the CEO of Liquity. Previously, he co-founded atpar AG. The startup advised several DeFi projects and has built a digital securities solution for institutional clients. Before joining the crypto space, he consulted enterprises in their digital transformation at Swisscom. He has 20+ years experience in building digital products and a background in computer science and economics.

Your Registration

Applications

You can register via the “Register” button on this homepage. The number of participants is limited. Registrations will be considered according to the date of receipt. No prerequisites are necessary.

Costs

The registration fee includes the whitepaper, the refreshments, and the apéro riche.

Cancellation policy

Cancellations up to 90 days before the start of the course are free of charge, between 89 and 30 days before the start of the course 50% of the costs will be charged, later cancellations will be charged the full course costs.

Schedule

The symposium starts at 9 am until 11.30 am followed by a lunch.

Organizer

This executive education programme is organized by the Center for Financial Services Innovation.

Contact
hsg linie schwarz

Do you require further information?

I am gladly available for you and look forward to hearing from you.

HT FSI HSG 132

Dr. Tobias Trütsch Managing Director Center for Financial Services Innovation

Why University of St.Gallen

The HSG - your partner for first-class executive education in Switzerland

At the University of St. Gallen (HSG), you can choose from one of the largest executive education portfolios in the German speaking region – the right programme for your needs and career objectives. The renowned quality and practical relevance of the learning experience convinces more than 6000 participants per year. Profit from an Executive Degree from St.Gallen – the best business school in the German-speaking world – and get ahead in your career!

  • For high-quality teaching and executive training by top researchers

  • For competent executives

  • For Lifelong Learning

  • For international collaborations

HSG Illustration WBZ RGB 1