AllUnity, a regulated stablecoin issuer backed by Deutsche Bank’s asset management arm DWS, has introduced CHFAU, a stablecoin linked 1:1 to the Swiss currency (CHF). The announcement happened on February 26, 2026, and it added to AllUnity’s portfolio after the launch of its euro-pegged EURAU in 2025.
The EU’s Markets in Crypto-Assets Regulation (MiCA) classifies CHFAU as an electronic money token (EMT). It is fully backed by CHF reserves held in separate accounts, so it can be redeemed at par on a 1:1 basis. The token starts as an ERC-20 asset on the Ethereum blockchain, but it will support several chains later in 2026.
DWS, market maker Flow Traders, and crypto company Galaxy Digital all hold stakes in AllUnity. In July 2025, the company got an E-Money Institution (EMI) license from Germany’s BaFin regulator. This meant it could issue and operate within the European Union without violating any rules.
The AllUnity Mint Platform is the only place where institutional and professional investors can buy CHFAU at first. This limited access puts use cases like real-time cross-border payments, digital asset settlement, treasury operations, and liquidity management for businesses and financial institutions at the top of the list.
Alexander Höptner, CEO of AllUnity, stressed the importance of the launch: “The launch of CHFAU is a key step in our goal to create a regulated digital payments ecosystem in Europe.” CHFAU lets you securely and in real time move value across borders, in digital asset markets, or for treasury and liquidity management, all while following the rules.
The stablecoin is part of AllUnity’s broader plan to build a regulated digital money ecosystem that supports multiple currencies and chains.
There are other CHF-pegged stablecoins, like Frankencoin (ZCHF), VNX Swiss Franc (VCHF), and Hedera Swiss Franc (HCHF), with a total market worth of about $38-40 million. However, CHFAU is the first completely MiCA-compliant choice. Compared to Swiss-regulated alternatives, this EU-wide set of rules makes it easier for consumers to deal with or in European markets and builds more trust.
To put things in perspective, AllUnity’s EURAU has a market valuation of $1.2 million since its introduction, making it the 16th-largest euro-pegged stablecoin on CoinGecko, where the total market cap for euro stablecoins is about $895 million.
For experienced crypto users and businesses, CHFAU provides a safe, regulated digital version of the Swiss franc. This reduces the risks of dealing with other people and the government when doing business on the blockchain.
It follows MiCA, which guarantees transparency, auditability of reserves, and redemption rights. This makes it interesting to businesses that want to follow the rules for fiat-backed digital assets.
As more exchanges and listings are added, retail access may grow, but the first rollout focuses on infrastructure that is good enough for institutions. The launch shows that traditional banking is getting more involved with stablecoins.
