Nine Swiss Institutions Launch Sandbox Testing for CHFD Stablecoin

A consortium including UBS, PostFinance, Sygnum, Raiffeisen, Zürcher Kantonalbank, BCV, SIX, TWINT, and Swiss Stablecoin AG has initiated sandbox testing for the Swiss franc-pegged stablecoin CHFD. The project, operated by CHFD Infrastruktur AG, aims to test automated interbank transactions, tokenized asset settlement, and programmable payments in a controlled environment through the end of 2026.