Six major Swiss banks launched a joint initiative to test a Swiss franc-pegged stablecoin in a controlled blockchain environment. UBS, PostFinance, Sygnum, Raiffeisen, Zürcher Kantonalbank and BCV partnered with Swiss Stablecoin AG to create a sandbox for digital payment trials.
The 2026 trial period allows institutions to simulate real payment flows with volume limits to manage risk. The project aims to improve settlement speeds and connect blockchain applications with traditional finance systems.
Switzerland currently lacks a regulated Swiss franc stablecoin for broad use. The banks will evaluate whether to launch a full market deployment based on operational results from this testing phase.