Abstract: | In this work, a unique approach is developed to generate photoswitchable and water‐soluble fluorescent nano‐aggregates. Initially, a new light‐controlled diarylethene–dansyl dyad DAE 1 is formed by linking two dansyl fluorophores covalently to a symmetrical dithienylethene backbone, whose photophysical properties can be reversibly switched by optical stimuli. Subsequently, the water insolubility of the molecular switch 1 is overcome by incorporating it into the bilayer of liposome DPPC (1,2‐dihexadecanoyl‐sn ‐glycero‐3‐phosphocholine) in water. This strategy creates stable fluorescent nano‐aggregates OF‐1@DPPC (≈25 nm diameter) that are soluble in an aqueous medium. The nano‐aggregates OF‐1@DPPC retain and even improve the photoswitchable fluorescence properties of DAE 1 . More importantly, OF‐1@DPPC exhibits a remarkable photostability and fatigue resistance after 5 cycles of irradiation with UV and visible light, which is crucial for its practical application. |