India ranked among the top three markets by enquiry volume at Switzerland Global Enterprise in 2024 and 2025, up from the top ten. Source: S-GE on the SECO SME portal.
A proposed INR-pegged token backed by Indian government securities, announced in November 2025 and not launched as of October 2026. The RBI has not approved it and indicated in July 2026 that it leans toward barring regulated entities from private stablecoin exposure.
The asset servicing capabilities this infrastructure can enable are significant: atomic subscription and redemption flows, whitelisted investor transfers, auditable fee waterfalls, near-real-time positions and NAV evidence trails, standardised reserve attestations, and redemption SLAs. For fund managers and administrators operating across borders, these are not incremental improvements - they represent a step change in operational transparency.
This convergence matters for cross-border fund structures. A Swiss-domiciled fund manager investing in Indian assets currently navigates fragmented settlement, opaque reporting chains, and manual reconciliation. With programmable finance rails on the Indian side and Switzerland's DLT Act framework on the Swiss side, the operational architecture can be fundamentally simplified.
On-chain fund administration platforms like Fume are built precisely for this moment. Fund managers and administrators can run workflows end-to-end on-chain with compliance by design - from investor onboarding through capital calls to NAV calculation and distribution. When both ends of a cross-border corridor support programmable, auditable rails, the middle layer of manual reconciliation becomes redundant.
The institutional opportunity is clear. India's digital infrastructure (UPI, NPCI, and now potentially ARC) combined with Switzerland's regulatory framework for digital assets creates a corridor where capital can flow with a level of transparency and efficiency that did not exist five years ago. The question for institutional investors is not whether this corridor will mature, but how quickly to position for it.
From fund structuring to day-to-day operations, the infrastructure exists to enable institutional investors to focus on what matters: generating returns. The India-Switzerland corridor is becoming a template for how cross-border digital finance should work.
