AllUnity, the stablecoin startup supported by Deutsche Bank, has rolled out its new Swiss franc-pegged token, CHFAU, marking a significant expansion of its regulated digital currency offerings for institutional clients. The company previously introduced a euro-backed stablecoin, EURAU, and now builds on that foundation to address the growing need for secure, regulation-compliant digital payment instruments, particularly in the realm of cross-border transactions and corporate finance.
MiCA-Ready Token Targets Institutional Demand
CHFAU enters the market fully compliant with the European Union’s Markets in Crypto-Assets (MiCA) regulatory framework. The token is designed according to the ERC-20 standard on the Ethereum blockchain, ensuring each CHFAU maintains a strict one-to-one peg with the Swiss franc. Initially, only professional and institutional clients will have access to CHFAU via AllUnity’s dedicated Mint Platform, highlighting the company’s focus on regulated adoption among large-scale financial actors.
Regulatory Oversight and Reserve Backing
After securing an Electronic Money Institution (EMI) license from Germany’s financial regulator BaFin last year, AllUnity became one of the pioneering issuers to align fully with MiCA guidelines. This license enables the company to back its tokens with segregated Swiss franc reserves, adhering to the highest levels of regulatory oversight.
AllUnity CEO Alexander Höptner emphasized that the launch of CHFAU represents a milestone in the effort to build Europe’s digital payments ecosystem on a robust, compliant footing. According to the company, CHFAU is built to facilitate institutional use cases such as corporate payments, settlements, treasury, and liquidity management.
AllUnity described CHFAU as the first fully reserve-backed and MiCA-compliant Swiss franc stablecoin. The token uses an E-Money Token structure, is supported by segregated franc reserves, and is accessible on-chain for regulated global payments and settlement operations.
Competitive Landscape and Market Trends
Founded in 2024 as a joint venture by DWS, Flow Traders, and Galaxy Digital, AllUnity has quickly distinguished itself in the stablecoin sector by prioritizing regulatory compliance. Its euro-backed EURAU token reached a market capitalization of $1.2 million after its introduction in July 2025, placing it among the leading euro-denominated stablecoins.
The total value of Europe’s euro-pegged stablecoin market has grown to roughly $895 million, with Circle’s EURC holding the dominant market share. In contrast, CHFAU stands out as the first Swiss franc-backed stablecoin in full compliance with the MiCA framework. While the market already features several other tokens tied to the Swiss franc—including Frankencoin (ZCHF), VNX Swiss Franc (VCHF), and Hedera Swiss Franc (HCHF), with a combined capitalization exceeding $38.6 million—CHFAU brings unprecedented rigor to reserve segregation and regulatory alignment.
AllUnity is currently completing the integration process to make CHFAU available on more digital asset exchanges. The company has stated that listings will be announced incrementally in the coming period, widening market access for the token.
Meanwhile, Deutsche Bank has recently noted a decline in global confidence regarding the U.S. dollar’s role as a safe haven, attributing this sentiment to heightened volatility in the artificial intelligence sector and turbulent market conditions.
