Last updated on March 5th, 2026 at 12:28 pm
AllUnity, the stablecoin venture backed by Deutsche Bank, has launched CHFAU, a Swiss franc-denominated stablecoin designed for institutional settlement and cross-border payments.
The new token, pegged 1:1 to the Swiss franc, follows the company’s euro-backed EURAU stablecoin introduced last year. CHFAU debuts on the Ethereum network as an ERC-20 token and will initially be accessible only to institutional and professional investors through AllUnity’s Mint Platform.
🇨🇭AllUnity launches CHFAU, the first fully reserved, MiCAR-compliant Swiss Franc stablecoin.
Structured as an E-Money Token and backed 1:1 by segregated CHF reserves, CHFAU brings one of the world’s most trusted currencies on-chain for regulated payments, settlement, and… pic.twitter.com/IKbLzrDXkg
— AllUnity (@AllUnityStable) February 26, 2026
Built for regulated institutional settlement
CHFAU enters the market fully aligned with the European Union’s Markets in Crypto-Assets (MiCA) framework. AllUnity secured an E-Money Institution (EMI) license from BaFin in July 2025, positioning the firm among the first regulated issuers operating under the new regime.
Chief executive Alexander Höptner described the launch as a key step toward building a compliant European digital payments ecosystem. According to the company, CHFAU is designed to function as a regulated digital Swiss franc for institutional settlement, treasury operations, liquidity management and digital asset market activity.
While the token is technically live, broader exchange integrations are being finalized. Listings will be announced progressively as trading venues come online.
Growing Euro stablecoin footprint
AllUnity was founded in 2024 as a joint venture between DWS, Flow Traders and Galaxy Digital. Since its launch in July 2025, EURAU has grown to a market capitalization of $1.2 million, ranking mid-tier among euro-pegged stablecoins tracked by CoinGecko.
The wider euro stablecoin market now stands at approximately $895 million, led by EURC issued by Circle.
Although AllUnity says CHFAU is the first MiCA-compliant CHF stablecoin, competitors exist. Data from DefiLlama shows three other CHF-pegged tokens, including Frankencoin (ZCHF), VNX Swiss Franc (VCHF) and Hedera Swiss Franc (HCHF), with a combined market value of about $38.6 million.
In recent news, Deutsche Bank warned that the US dollar is losing its reputation as a reliable safe-haven asset, as extreme concentration in the artificial intelligence (AI) sector and rising market volatility trigger a decoupling between the greenback and global equities.
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