With a joint initiative, UBS, PostFinance, Sygnum, Raiffeisen, Zürcher Kantonalbank, BCV and Swiss Stablecoin AG are joining forces to launch a CHF stablecoin sandbox.

The companies 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.