A Swiss initiative to create a digital franc stablecoin has added two new partners ahead of its test phase: stock-exchange operator SIX and digital payments firm Twint, UBS announced Tuesday.
The CHFD stablecoin, pegged one-to-one to the Swiss franc, is technically live as of late June and began its pilot program in April 2026. Nine Swiss companies are now trialing concrete applications within a protected digital sandbox environment, with results expected through the end of 2026.
Alongside UBS, existing participants include PostFinance, Raiffeisen, Zürcher Kantonalbank, Banque Cantonale Vaudoise, and crypto-focused institution Sygnum. The addition of SIX and Twint brings the total to nine.
The project is exploring use cases such as reducing fraud risk on online marketplaces through programmable payments, and improving the efficiency of public-sector fund disbursements.
The test phase is open-ended, meaning no predetermined outcome is guaranteed.
