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AllUnity, a platform backed by DWS, Flow Traders, and Galaxy Digital, has launched CHFAU, claiming it as the first Swiss franc stablecoin to operate under the European Union’s MiCA framework, with the token initially available exclusively to institutional and professional investors.
The Swiss franc stablecoin, pegged 1:1 to the Swiss franc (CHF), is initially available to institutional and professional investors via the AllUnity Mint Platform.
The rollout follows AllUnity’s receipt of an E-Money Institution (EMI) license from Germany’s Federal Financial Supervisory Authority (BaFin) in July 2025, enabling the Swiss franc stablecoin to operate under the European Union’s Markets in Crypto-Assets Regulation (MiCA).
The CHFAU stablecoin launches on the Ethereum blockchain as an ERC-20 token, with plans to expand to additional networks later this year.
The company said the product is technically live, though broader exchange integrations will roll out progressively.
AllUnity’s leadership framed the Swiss franc stablecoin as a building block for regulated digital payments infrastructure in Europe.
“The launch of CHFAU is a fundamental milestone in our mission to build Europe’s regulated digital payments ecosystem,” — Alexander Höptner, CEO, AllUnity.
According to Höptner, the primary function of the Swiss franc stablecoin is institutional-grade settlement rather than retail speculation.
“The primary purpose of CHFAU is to serve as a trusted, regulated digital Swiss franc for institutional settlement,” — Alexander Höptner, CEO, AllUnity.
He added that the Swiss franc stablecoin is designed for cross-border payments, digital asset markets, treasury operations and liquidity management within a compliant framework.
The Swiss franc stablecoin will be accessible exclusively to institutional and professional clients through the AllUnity Mint Platform.
A company spokesperson said exchange and trading venue integrations are being finalized, and specific listings will be communicated once live.
By aligning the Swiss franc stablecoin with MiCA from inception, AllUnity aims to differentiate CHFAU from earlier CHF-pegged tokens that operated outside the EU’s unified regulatory structure.
The launch follows AllUnity’s earlier introduction of EURAU, a euro-pegged stablecoin.
Since its debut in July 2025, EURAU has grown to a market capitalization of approximately $1.2 million, ranking 16th among 22 euro-pegged stablecoins tracked by CoinGecko.
EURAU trades on selected venues, including the centralized exchange Bullish and the decentralized exchange Aerodrome, according to CoinGecko data.
AllUnity said EURAU is also available on platforms such as Bitpanda, Rulematch and WAWEX.
The broader euro stablecoin market has reached approximately $895 million in total market capitalization. EURC, issued by Circle, leads with roughly $459 million.
Against that backdrop, the Swiss franc stablecoin segment remains comparatively small, suggesting potential room for expansion if institutional adoption materializes.
Although AllUnity describes CHFAU as the first MiCA-compliant Swiss franc stablecoin, other CHF-denominated tokens have existed in the market.
Data from DefiLlama indicates at least three CHF-pegged stablecoins are currently active: Frankencoin (ZCHF), VNX Swiss Franc (VCHF) and Hedera Swiss Franc (HCHF).
Their combined market capitalization stands at approximately $38.6 million.
Frankencoin, launched in 2023 and backed by the Frankencoin Association in Switzerland, is the largest among them and operates as a decentralized Swiss franc stablecoin.
Earlier initiatives, such as CryptoFranc (XCHF), issued by Bitcoin Suisse, were eventually discontinued due to limited market adoption.
The entry of a MiCA-aligned Swiss franc stablecoin backed by established financial institutions may signal a shift toward greater regulatory certainty in Europe’s stablecoin market.
For crypto investors and institutional treasurers, the availability of a regulated Swiss franc stablecoin could offer new options for CHF-denominated settlement in digital markets.
As MiCA implementation progresses across the European Union, the performance of CHFAU will test whether regulatory clarity and institutional backing can accelerate adoption in the relatively niche Swiss franc stablecoin sector.
