With a joint initiative, UBS, PostFinance, Sygnum, Raiffeisen, Zürcher Kantonalbank, BCV and Swiss Stablecoin AG are joining forces to launch a CHF stablecoin sandbox. The new initiative will test potential use cases for a CHF stablecoin in Switzerland. In doing so, the partners are exploring ways to connect blockchain applications with the Swiss franc, aiming to strengthen both the Swiss digital money ecosystem and the competitiveness of Switzerland’s financial center.
Zurich, 8 April 2026 – Stablecoins are gaining international importance and play a significant role in transforming the financial system. They are digital assets that are typically pegged to the value of a national currency and used via blockchain networks. There is currently no regulated Swiss franc stablecoin with broad application in Switzerland. UBS, PostFinance, Sygnum, Raiffeisen, ZKB and BCV have therefore joined forces and, together with Swiss Stablecoin AG, are testing selected use cases for a CHF stablecoin in a secure digital live environment – a so-called sandbox.
The participating companies are pursuing several overarching goals with this initiative. They aim to support the development of a Swiss ecosystem for digital money, build new capabilities and experience in handling digital payment methods, and gain practical insights. The focus is on more efficient processes and delivering real benefits for clients.
The sandbox is based on an initial list of potential use cases that are being developed jointly. The technical infrastructure for issuing the stablecoin is provided by Swiss Stablecoin AG. The sandbox will be conducted in 2026 and is also open to other interested banks, companies, and institutions wishing to contribute to the development of a CHF stablecoin.