AllUnity, a Deutsche Bank-backed stablecoin platform, has launched CHFAU, a Swiss franc-pegged stablecoin. Initially available to institutional investors on Ethereum, the token is fully compliant with the EU’s MiCA regulation. The company, a joint venture by DWS, Flow Traders, and Galaxy Digital, also reports its euro stablecoin, EURAU, has reached a market cap of $1.2 million since its July 2025 launch.
AllUnity has introduced CHFAU, a new stablecoin pegged 1:1 to the Swiss franc. This follows the company’s launch of its euro-pegged EURAU stablecoin last year.
The stablecoin is initially available to institutional and professional investors on the Ethereum blockchain. AllUnity plans to expand to additional networks later this year.
CHFAU is fully aligned with the EU’s Markets in Crypto-Assets Regulation (MiCA). The platform secured an E-Money Institution license from Germany’s BaFin in July 2025.
AllUnity CEO Alexander Höptner called the launch a fundamental milestone. The company aims to build Europe’s regulated digital payments ecosystem.
The stablecoin will be exclusively available through the AllUnity Mint Platform for institutional clients. Broader exchange listings are being finalized and will be rolled out progressively.
Höptner stated the primary purpose is to serve as a trusted, regulated digital Swiss franc for institutional settlement. “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,” he said.
The company was founded in early 2024 as a joint venture by Deutsche Bank’s asset management arm DWS, market maker Flow Traders, and crypto company Galaxy Digital. Its goal is to issue fully regulated stablecoins.
Since its July 2025 debut, AllUnity’s EURAU stablecoin has seen its market capitalization rise to $1.2 million. It ranks 16th by market cap among 22 euro‑pegged stablecoins listed on CoinGecko.
The total market capitalization of all euro-pegged stablecoins is now $895 million. Circle’s EURC leads with $459 million.
AllUnity claims CHFAU is the first MiCA-compliant Swiss franc‑pegged stablecoin. However, other CHF-denominated stablecoins already exist.
Data from DefiLlama shows at least three, including Frankencoin (ZCHF), VNX Swiss Franc (VCHF), and Hedera Swiss Franc (HCHF). Their combined market capitalization is about $38.6 million.
The largest, Frankencoin, is a decentralized stablecoin launched in 2023. Other initiatives, like Bitcoin Suisse’s CryptoFranc (XCHF), have been discontinued.
