Zurich, 8 April 2026 – Stablecoins are gaining international importance and play a significant role in transforming the financial system. They are digital assets that are typically pegged to the value of a national currency and used via blockchain networks. There is currently no regulated Swiss franc stablecoin with broad application in Switzerland. UBS, PostFinance, Sygnum, Raiffeisen, ZKB and BCV have therefore joined forces and, together with Swiss Stablecoin AG, are testing selected use cases for a CHF stablecoin in a secure digital live environment – a so-called sandbox.

The participating companies are pursuing several overarching goals with this initiative. They aim to support the development of a Swiss ecosystem for digital money, build new capabilities and experience in handling digital payment methods, and gain practical insights. The focus is on more efficient processes and delivering real benefits for clients.

The sandbox is based on an initial list of potential use cases that are being developed jointly. The technical infrastructure for issuing the stablecoin is provided by Swiss Stablecoin AG. The sandbox will be conducted in 2026 and is also open to other interested banks, companies, and institutions wishing to contribute to the development of a CHF stablecoin.

 

UBS Switzerland AG

What is a stablecoin?

Stablecoins are digital assets whose value is typically pegged 1:1 to a currency – in this case the Swiss franc. They combine value stability with the efficiency of digital technologies and enable fast, transparent, and programmable payments.

What is the CHF stablecoin sandbox?

A sandbox is a controlled live environment. It enables banks as well as other participating companies and institutions to test new digital financial products under realistic conditions – but with clearly defined safeguards such as a limited participant pool and transaction limits. The aim is to minimize risks and gather experience for a future market launch.

Contacts    

UBS Switzerland AG
UBS Media Relations
mediarelations@ubs.com
+41-44-234 85 00

PostFinance
Media Relations
medien@postfinance.ch
+41-58-338 30 32

Sygnum Bank AG
Dominic Castley, Chief Marketing Officer
dominic.castley@sygnum.com

Raiffeisen Switzerland
Raiffeisen Switzerland press office
medien@raiffeisen.ch
+41-71-225 84 84

Zürcher Kantonalbank
Media Relations Zürcher Kantonalbank
medien@zkb.ch
+41-44-292 29 79

Banque Cantonale Vaudoise (BCV)
Jean-Pascal Baechler, Porte parole
jean-pascal.baechler@bcv.ch
+41-21-212 22 51

Swiss Stablecoin AG
Pascale Bruderer
info@swissstablecoin.ch
+41-76-527 17 56

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