An independent association formed by leading actors from Switzerland's financial, technological, and legal sectors to create common standards around issuing, distributing and trading securities in the form of tokens using the distributed ledger technology. Established by Lenz & Staehelin, Swissquote Bank Ltd, and Temenos AG, the CMTA is a not-for-profit, non-governmental association, capable of assuming an independent role as standard-setter for the use of blockchain technology in capital markets. CMTA was discussed and its concepts refined in the framework of the Center for Digital Trust at EPFL (www.c4dt.org). The blockchain technology makes it possible to simplify the processes through which companies are issuing securities to raise capital and to lower the barrier of entry to capital markets. By defining a set of industry-supported, open standards, the CMTA aims to facilitate access to funding for businesses, ultimately contributing to value creation throughout the economy. The CMTA is an association organized under Swiss law having its registered office in Geneva and registered in the Commercial registry of the canton of Geneva under registration number CHE-408.722.286.