# UBS, PostFinance, Sygnum, Raiffeisen, Zürcher Kantonalbank, Banque Cantonale Vaudoise and Swiss St.

*fintech · news · 2026-04-08 · Cointelegraph*

## Key points

- UBS and six partners launched a sandbox to test Swiss franc stablecoin use cases.
- The sandbox will run in 2026 with Swiss Stablecoin AG providing issuance infrastructure.
- The project is open to additional banks, companies, and institutions for participation.
- Bitcoin Suisse discontinued its Swiss franc stablecoin, XCHF, as of August 16, 2024.
- A 2025 proof of concept showed tokenized deposits are feasible but need further design and cooperation.

**Companies:** UBS, Raiffeisen, Zürcher Kantonalbank, PostFinance, Banque Cantonale Vaudoise, Sygnum, Swiss Stablecoin AG, Bitcoin Suisse AG
**Countries:** Switzerland

[Read the full story on Cointelegraph](https://cointelegraph.com/news/ubs-five-banks-swiss-franc-stablecoin-sandbox)

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