what's Swiss Stablecoin AG?

Swiss Stablecoin AG is a regulated Swiss company focused on issuing CHFD, a digital 1:1 representation of the Swiss Franc. CHFD is an ERC-20 token on the Ethereum blockchain, fully backed by CHF deposits held in Swiss banks under strict regulatory oversight. The project emphasizes accessibility, stability, and compliance to integrate digital payments into Switzerland's financial ecosystem while preserving monetary sovereignty. Through partnerships with engineering firms like Zühlke and major banks such as UBS, PostFinance, Sygnum, Raiffeisen, Zürcher Kantonalbank, and BCV, Swiss Stablecoin AG operates a sandbox for testing issuance, redemption, and real-world use cases. This infrastructure supports seamless on-ramping/off-ramping and aims to enable efficient digital transactions for businesses and individuals.

Swiss Stablecoin AG partnered with major banks to launch a CHF stablecoin sandbox.