UBS, PostFinance, Sygnum, Raiffeisen, Zürcher Kantonalbank, BCV and Swiss Stablecoin AG have formed a new industry consortium to test a Swiss‑franc‑denominated stablecoin in a live digital environment, aiming to accelerate the development of Switzerland’s digital money infrastructure.
Announcing the initiative on 8 April, the group said it is launching “a CHF stablecoin sandbox” to explore how blockchain‑based payments could be linked directly to the Swiss franc. The partners said the move comes as “stablecoins are gaining international importance and play a significant role in transforming the financial system”.
The consortium noted that Switzerland currently lacks “a regulated Swiss franc stablecoin with broad application”, prompting the institutions to collaborate on a controlled testing environment. The sandbox will run throughout 2026 and is open to additional banks, companies and institutions that want to participate.
According to the release, the initiative is designed 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 will be on identifying “more efficient processes and delivering real benefits for clients”.
Swiss Stablecoin AG will provide the technical infrastructure for issuing the token, while the participating firms are jointly developing an initial set of use cases.
