Odaily Planet Daily reports that UBS has announced the launch of a Swiss Franc stablecoin sandbox test in collaboration with nine institutions: PostFinance, Sygnum, Raiffeisen, Zurich Cantonal Bank, BCV, SIX, TWINT, and Swiss Stablecoin AG. The Swiss Franc stablecoin CHFD has been technically launched in the sandbox environment as of the end of June, pegged 1:1 to the Swiss franc. The test will run until the end of 2026, focusing on use cases such as automated transactions between institutions, tokenized settlement of digital assets, and programmable payments. UBS stated that this test aims to build technical, operational, and regulatory experience and does not indicate a decision to officially launch a Swiss Franc stablecoin.
Swiss Franc Stablecoin CHFD Launches Sandbox Test with UBS and Nine Institutions
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Summary
UBS has launched a sandbox test for the Swiss franc stablecoin CHFD, with support from nine institutions including PostFinance, Sygnum, and Raiffeisen. The stablecoin, pegged 1:1 to the Swiss franc, is now live in a technical sandbox environment. The test, running until 2026, explores use cases such as automated trading and tokenized settlements. Institutional adoption is a key focus of the trial. UBS stated that the test aims to build technical and regulatory experience, not to make a final decision on launching. On-chain updates from the test will be shared as the project progresses.
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