AllUnity, a digital asset platform backed by Deutsche Bank, has introduced a new Swiss franc (CHF)–denominated stablecoin, CHFAU.
Following the launch of its euro-pegged EURAU stablecoin last year, the company is now rolling out CHFAU, which is fully backed and pegged 1:1 to the Swiss franc, according to an announcement shared with Cointelegraph on Thursday.
CHFAU will initially be available to institutional and professional investors. The token debuts on the Ethereum network as an ERC-20 asset, with plans to expand to additional blockchains later this year.
The stablecoin is structured to comply fully with the European Union’s Markets in Crypto-Assets (MiCA) regulation. In July 2025, AllUnity obtained an E-Money Institution (EMI) license from German Federal Financial Supervisory Authority (BaFin), strengthening its regulatory standing.
“The launch of CHFAU marks a key milestone in our mission to build Europe’s regulated digital payments ecosystem,” said AllUnity CEO Alexander Höptner.
Regulated digital Swiss franc for institutional settlement
CHFAU will be offered exclusively to institutional and professional clients through the AllUnity Mint Platform, a company spokesperson confirmed.
The firm is currently completing integrations with exchanges and trading venues and will announce listings as they go live. While CHFAU is technically operational, broader availability will be introduced gradually as integrations are finalized.
“The primary purpose of CHFAU is to serve as a trusted, regulated digital Swiss franc for institutional settlement,” Höptner added.
“Whether for cross-border payments, digital asset markets, or treasury and liquidity management, CHFAU enables secure, real-time value transfer within a fully compliant framework.”
EURAU reaches $1.2 million market cap since launch
AllUnity was established in early 2024 as a joint venture between DWS Group — the asset management arm of Deutsche Bank — market maker Flow Traders and crypto investment firm Galaxy Digital, with the goal of issuing fully regulated stablecoins.
Since launching in July 2025, AllUnity’s euro-pegged stablecoin EURAU has grown to a market capitalization of $1.2 million. According to data from CoinGecko, it currently ranks 16th among 22 euro-denominated stablecoins by market cap.
EURAU is listed on a limited number of trading venues. CoinGecko data shows it trading on centralized exchange Bullish and decentralized exchange Aerodrome at the time of publication.
The stablecoin is also available on platforms including Bitpanda, Rulematch and WAWEX, according to AllUnity.
The combined market capitalization of all euro-pegged stablecoins has climbed to $895 million. EURC — issued by Circle, the company behind USDC — leads the segment with a market cap of $459 million.
Not the only Swiss franc stablecoin
While AllUnity describes CHFAU as the first MiCA-compliant Swiss franc-pegged stablecoin, several firms have previously launched CHF-denominated digital assets.
Data from DefiLlama shows at least three existing Swiss franc stablecoins: Frankencoin (ZCHF), VNX Swiss Franc (VCHF) and Hedera Swiss Franc (HCHF). Together, these tokens have a combined market capitalization of roughly $38.6 million.
The largest among them, Frankencoin, is a decentralized Swiss franc stablecoin introduced in 2023. The project is headquartered in Switzerland and is supported by the Frankencoin Association.
Other initiatives tied to the Swiss franc include CryptoFranc (XCHF), issued by crypto financial services firm Bitcoin Suisse. Launched around 2018, the stablecoin was eventually discontinued due to limited market adoption.
