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Swiss Stablecoin Sandbox Enters Testing Phase, Adds Two Partners
Nine Swiss firms will test CHFD as a one-to-one Swiss franc stablecoin for automated transactions and tokenized asset settlement, the partners said.
- On Sept 8, the CHFD stablecoin entered its formal testing phase as SIX Digital Exchange and TWINT joined seven existing participants in the controlled initiative.
- The initiative launched in 2026 with UBS, PostFinance, Sygnum, Raiffeisen, Zurich Cantonal Bank, Banque Cantonale Vaudoise, and Swiss Stablecoin as the seven original members.
- Participants will test automated transactions and programmable payments to reduce settlement delays between asset delivery and fund receipt, building on Project Helvetia institutional use cases.
- Testing is expected to continue through the end of 2026, though members stated this controlled initiative does not represent a decision to issue CHFD commercially.
- The sandbox does not constitute a broad FINMA endorsement, and the partners have not disclosed technical performance data or transaction volume for the project.
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The New York LedgerReposted by 
BITRSS
BITRSSSwiss stablecoin sandbox enters testing phase, adds two new partners
Financial market operator SIX and payment app TWINT have joined numerous banks in the sandbox seeking to develop a Swiss franc-based stablecoin. Nine Swiss companies have begun sandbox tests of CHFD, a Swiss franc stablecoin, for programmable payments and digital asset settlement. The pilot will examine whether programmable payments can reduce fraud on online marketplaces, […]
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Cryptocurrency News | Cryptocurrency Prices | Market Cap
Cryptocurrency News | Cryptocurrency Prices | Market CapCHFD stablecoin enters testing with 9 Swiss institutions
Nine Swiss institutions are testing the franc-pegged CHFD stablecoin for tokenized settlement, automated trading and programmable payments.
Several Swiss banks and financial companies are launching the practical tests announced in April with a digital Swiss franc in the form of a stablecoin.
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