Swiss Franc Stablecoin Sandbox Enters Test Phase
The Swiss franc stablecoin CHFD has entered its test phase in a secure digital live environment called a sandbox. The sandbox is operated by CHFD Infrastruktur AG, a subsidiary of Swiss Stablecoin AG.
Participating companies include UBS, PostFinance, Sygnum, Raiffeisen, Zürcher Kantonalbank, BCV, SIX, TWINT, and Swiss Stablecoin AG. They will test various use cases for the CHF stablecoin under realistic conditions in the sandbox.
The tests focus on both established international use cases, such as automated transactions between financial institutions and tokenized settlement of digital assets, and innovative applications in programmable payments.
The test phase is designed to continue until the end of 2026. The primary objective is to gain insights into where a CHF stablecoin could create added value, what challenges exist, and which technical, operational, and regulatory requirements would need to be met for potential future development.