AllUnity Introduces CHFAU Swiss Franc Stablecoin With Deutsche Bank Support
Following BaFin licensing approval, the CHFAU stablecoin debuts under full MiCA regulatory compliance, initially targeting institutional users through the AllUnity Mint Platform.
A stablecoin platform with backing from Deutsche Bank, AllUnity, has unveiled a new digital asset pegged to the Swiss franc (CHF).
Following last year's introduction of its euro-denominated EURAU stablecoin, AllUnity is now launching CHFAU, a digital currency maintaining a 1:1 peg with the Swiss franc, according to an announcement the firm provided to Cointelegraph on Thursday.
Targeting institutional and professional investors in its initial rollout, CHFAU is being deployed on the Ethereum blockchain as an ERC-20 token, with expansion to other blockchain networks scheduled for later in the current year.
The new CHFAU stablecoin arrives in the market with full compliance under the European Union's Markets in Crypto-Assets Regulation (MiCA), following AllUnity's successful acquisition of an E-Money Institution (EMI) license from the German Federal Financial Supervisory Authority (BaFin) in July 2025.
"The launch of CHFAU is a fundamental milestone in our mission to build Europe's regulated digital payments ecosystem," AllUnity CEO Alexander Höptner said.
Regulated digital Swiss franc for institutional settlement
Access to CHFAU will be restricted to institutional and professional clients via the AllUnity Mint Platform, according to an AllUnity spokesperson.
"We are currently finalizing exchange and trading venue integrations and will communicate specific listings as they go live," the company said, adding that CHFAU is technically live, but broader availability across venues will be rolled out progressively with integrations.
"The primary purpose of CHFAU is to serve as a trusted, regulated digital Swiss franc for institutional settlement," Höptner told Cointelegraph, adding:
"Whether for cross-border payments, digital asset markets, or treasury and liquidity management, CHFAU enables secure, real-time value transfer within a fully compliant framework."
EURAU grows to $1.2 million since launch
The establishment of AllUnity occurred in early 2024 through a joint venture involving Deutsche Bank's asset management division DWS, market maker Flow Traders and crypto firm Galaxy Digital with the objective of creating fully regulated stablecoins.
Following its introduction in July 2025, the market capitalization of AllUnity's EURAU stablecoin has climbed to $1.2 million, placing it in the 16th position by market cap among 22 euro-denominated stablecoins tracked on CoinGecko.
Trading availability for the stablecoin remains limited to a select number of exchanges, with CoinGecko identifying the publicly-traded centralized exchange Bullish and the decentralized exchange Aerodrome as platforms offering EURAU trading at the time of publication. Additional platforms supporting the stablecoin include Bitpanda, Rulematch and WAWEX, AllUnity told Cointelegraph.
The combined market capitalization of all stablecoins pegged to the euro has reached approximately $895 million, with EURC (EURC), created by USDC (USDC) issuer Circle, dominating the sector with $459 million.
Not the only Swiss franc stablecoin
While AllUnity claims CHFAU represents the first MiCA-compliant stablecoin pegged to the Swiss franc, several other companies have pursued comparable projects in recent years.
Data from DefiLlama indicates the existence of at least three stablecoins denominated in CHF, which include Frankencoin (ZCHF), VNX Swiss Franc (VCHF) and Hedera Swiss Franc (HCHF). These coins collectively hold a market capitalization of approximately $38.6 million.
Frankencoin, the largest among these offerings, operates as a decentralized stablecoin that debuted in 2023. Switzerland serves as the base for the project, which receives support from the Frankencoin Association.
Additional CHF stablecoin projects include CryptoFranc (XCHF), which was issued by crypto financial services provider Bitcoin Suisse. After its launch around 2018, the stablecoin was eventually discontinued due to insufficient market adoption.