AllUnity Unveils CHFAU – A Regulated Swiss‑Franc Stablecoin for Institutional Use
The Deutsche Bank‑backed platform expands its stablecoin suite with a CHF‑pegged ERC‑20 token, positioning itself at the forefront of Europe’s emerging regulated digital‑payments landscape.
Zurich/Frankfurt – AllUnity, the stablecoin venture supported by Deutsche Bank’s asset‑management arm DWS, market‑maker Flow Traders and crypto‑focused Galaxy Digital, announced the launch of CHFAU, a new stablecoin pegged 1:1 to the Swiss franc (CHF). The token, issued as an ERC‑20 on the Ethereum blockchain, is initially accessible only to institutional and professional investors through AllUnity’s proprietary Mint platform.
The rollout follows the company’s introduction of the euro‑denominated EURAU stablecoin in July 2025, which has already amassed a market capitalisation of roughly $1.2 million and sits at 16th place among the 22 euro‑pegged stablecoins tracked by CoinGecko.
Regulatory footing
CHFAU is the first Swiss‑franc stablecoin fully aligned with the European Union’s Markets in Crypto‑Assets Regulation (MiCA). AllUnity secured an Electronic Money Institution (EMI) licence from Germany’s Federal Financial Supervisory Authority (BaFin) in July 2025, a credential that underpins the token’s compliance framework and enables it to be used for regulated settlement workflows.
“The launch of CHFAU marks a critical milestone in our ambition to construct a compliant digital‑payments ecosystem across Europe,” said AllUnity CEO Alexander Höptner. “Whether for cross‑border transfers, digital‑asset markets, or treasury management, CHFAU delivers secure, real‑time value transfer within a fully regulated environment.”
Institutional focus and market rollout
For now, CHFAU will be offered exclusively to qualified institutional participants via the AllUnity Mint Platform. The firm is completing integrations with exchanges and trading venues; while the token is technically live on Ethereum, broader market access will be phased in as listings are confirmed.
AllUnity’s spokesperson added that the company plans to extend CHFAU to additional blockchain networks later in 2024, aiming to broaden liquidity options and reduce transaction costs for users.
Competitive landscape
Although AllUnity touts CHFAU as the first MiCA‑compliant CHF stablecoin, the market already hosts a handful of Swiss‑franc pegged tokens. According to DeFiLlama data, three other CHF‑denominated stablecoins—Frankencoin (ZCHF), VNX Swiss Franc (VCHF) and Hedera Swiss Franc (HCHF)—collectively hold a market capitalisation of about $38.6 million. Frankencoin, launched in 2023, is the largest among them and operates as a decentralized, community‑governed asset.
Earlier attempts such as Bitcoin Suisse’s CryptoFranc (XCHF) have been discontinued due to limited adoption, highlighting the challenges of achieving scale in this niche segment.
What the launch means for the market
| Key Takeaway | Implication |
|---|---|
| Regulated entry | CHFAU’s EMI licence and MiCA compliance give it a clear advantage for banks, asset managers and other regulated entities seeking fiat‑linked crypto exposure. |
| Institution‑only access | By restricting initial distribution to professional investors, AllUnity can focus on high‑quality liquidity and use‑case validation before opening to broader retail markets. |
| European‑centric ecosystem | The token reinforces the EU’s push to develop a domestic, compliant digital‑payments infrastructure that can compete with global players like USDC or USDT. |
| Competitive pressure | Existing CHF stablecoins are largely unregulated and smaller in scale; CHFAU could set a new benchmark for compliance, potentially prompting consolidation or further regulatory pursuits. |
| Future network expansion | Plans to launch on multiple chains could mitigate Ethereum’s congestion and gas‑fee concerns, widening appeal for cross‑border settlement. |
Outlook
AllUnity’s move mirrors a broader trend of traditional financial institutions entering the crypto‑stablecoin space with a regulatory first‑mover approach. If CHFAU can secure meaningful exchange listings and demonstrate robust on‑chain liquidity, it may become a preferred digital proxy for CHF in institutional settlements, especially for cross‑border transactions where the franc’s reputation for stability is prized.
The success of CHFAU will also serve as a litmus test for how effectively MiCA‑aligned assets can achieve scale in a market still dominated by legacy stablecoins such as USDC, USDT and Euro‑linked offerings. With the platform already building a foothold via EURAU, AllUnity appears positioned to leverage its regulatory credentials and partnerships to accelerate adoption of CHFAU throughout Europe’s financial ecosystem.
Source: https://cointelegraph.com/news/allunity-swiss-franc-stablecoin-chfau-mica?utm_source=rss_feed&utm_medium=feed&utm_campaign=rss_partner_inbound
