UBS, in collaboration with several Swiss institutions, has launched a test for the Swiss franc stablecoin: CHFD is now in trial operation

UBS announced that it has launched the Swiss Franc stablecoin Sandbox testing phase in collaboration with 8 other institutions: PostFinance, Sygnum, Raiffeisen, Zurich Cantonal Bank, BCV, SIX, TWINT, and Swiss Stablecoin AG, to explore the integration of blockchain applications with the Swiss Franc stablecoin.

This test is based on the Swiss Franc stablecoin CHFD, which has been technically launched in the Sandbox environment since the end of June and is pegged to the Swiss Franc at a 1:1 ratio. The testing will focus on exploring application scenarios such as automated inter-institutional transactions, digital asset tokenization settlement, and programmable payments, including reducing online market fraud risks, improving fair access to event tickets, and increasing the efficiency of public fund distribution. The test is expected to continue until the end of 2026. UBS stated that the Sandbox aims to accumulate technical, operational, and regulatory experience and does not represent a decision to officially launch the Swiss Franc stablecoin.