An independent institute in Zürich for the unglamorous work of making regulated digital finance function.
The Boli Association was established in 2021 as a Swiss Verein. We publish research, convene working groups, and write standards drafts in four focus areas: tokenization and RWA, AI verification and attestation, stablecoins and cross-border settlement, and market structure.
We do three things.
Long-form working papers, policy briefs, standards drafts, and research reports on the technical and regulatory primitives of digital asset infrastructure. Every paper is signed by its authors and issued under the Association's imprint.
Four standing working groups, each chaired by a senior fellow, each with a narrow written charter. Meetings run under the Chatham House Rule and produce artefacts — schemas, protocol specifications, interpretation notes — that are tested in practice and then published.
An annual summit in Zürich, quarterly roundtables tied to each working group, occasional private briefings, and a public lecture series at ETH and UZH. All deliberately small, all matched to topic.
Independent, but not isolated.
The Association is a Swiss Verein governed by its members. It is sponsored at arm's length by the Boli platform and a small number of institutional partners, but editorial and research decisions sit entirely with the Association's council and the senior fellows.
Four domains, each with a standing working group.
Tokenization & RWA standards
Asset representation, share classes, legal wrappers, SPV structures, and the software contracts that bind them.
AI for verification & authenticity
Agentic compliance, cryptographic attestations, and the authenticity of off-chain claims about real-world assets.
Stablecoins & cross-border settlement
Regulated stablecoin frameworks (MiCA, GENIUS Act), DvP cash legs, and the quiet displacement of correspondent banking.
Market structure & regulation
Secondary markets, broker-dealer rails, transfer agent reform, 12(g) thresholds, and the institutional plumbing beneath them.
Anchored in two ecosystems.
The Association anchors its research in the two fields where the technical work is moving fastest, through standing relationships with the organisations that are setting the pace in each. These are advisory and technical partnerships — distinct from the Association's sponsor relationship with the Boli platform — and neither partner holds editorial rights over published work.
The Association's own technical capability is deepest in the Canton ecosystem, where a significant share of production-grade institutional tokenized finance is being built.
Canton Foundation
canton.network ↗The Canton Foundation stewards the Canton Network — the privacy-aware, institutional-participant infrastructure on which the majority of regulated tokenized-finance activity is settled. The Association's asset-standards and cross-border-settlement working groups engage directly across the Canton ecosystem, including its application, operator, and governance layers.
Tenzro Network
tenzro.com ↗Tenzro Network is the Association's anchor partner on decentralized AI infrastructure. The AI-attestation working group develops its technical positions in dialogue with Tenzro's work on distributed inference, model provenance, and verification of AI outputs — the practical plumbing that will determine whether AI becomes a supervisable category in regulated finance.
The fellowship is being assembled.
The Association is currently convening its secretariat, senior fellows, and fellows. Appointments are deliberately slow — the fellowship will be small, senior, and mostly in Zürich, drawn from academic research, regulated finance, supervisory authorities, and standards bodies.
Senior practitioners, academic researchers, regulators, and supervisors working in the Association's four focus areas are invited to write to secretariat@boli.org with a brief note on background and the open question they would most like to contribute to.
Four ways to work with the Association.
All papers are published openly. See the research library.
Working groups accept new members by invitation. Write to the secretariat with a short note on your background and the charter you want to contribute to.
The annual summit, quarterly roundtables, and public lectures. See upcoming events.
Banks, fund administrators, transfer agents, and standards bodies can join as institutional members. For details, see the contact page.