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.
- Original members including UBS, PostFinance, Sygnum, Raiffeisen, Zurich Cantonal Bank, Banque Cantonale Vaudoise, and Swiss Stablecoin launched the initiative in 2026 to test franc-pegged digital money.
- 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 or publicly.
- The sandbox does not constitute a broad FINMA endorsement, and partners have not disclosed transaction volume or technical performance data, leaving questions about real-world viability.
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The New York Ledger
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 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.
Swiss CHF Stablecoin Sandbox Enters Test Phase as SIX and TWINT Join Initiative | LeapRate | Online Trading Industry News, Broker Intelligence & Fintech Analysis
It was revealed on Tuesday that Switzerland’s CHF stablecoin initiative has entered a test phase, with financial infrastructure operator SIX and payment provider TWINT joining as new partners, bringing the total number of participating companies to nine. The initiative, launched in April 2026, now includes UBS, PostFinance, Sygnum, Raiffeisen, Zürcher Kantonalbank, BCV, SIX, TWINT and... The post Swiss CHF Stablecoin Sandbox Enters Test Phase as…
The large Swiss banks decided to test together, and no longer separately, their response to the stablecoin domain attached to the dollar. The project for a Swiss franc stablecoin called CHFD entered its active test phase on September 8, 2026, and two heavy names of the [...]
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