AllUnity Issues Regulated Safe Haven Swiss Franc Stablecoin

What to Know

CHFAU — AllUnity has launched a new regulated stablecoin pegged one-to-one to the Swiss franc on the Ethereum blockchain
$310 billion — The total stablecoin market has surged to this level since 2020, with growing demand for non-dollar options
17% — Morgan Stanley projects the Swiss franc will appreciate by this amount against the U.S. dollar, calling it an overlooked safe haven
BaFin-regulated — AllUnity operates as a licensed e-money institute under German financial supervision, targeting institutional payments and settlements

AllUnity, the BaFin-regulated e-money institute backed by DWS, Galaxy, and Flow Traders, has rolled out a new regulated stablecoin pegged to the Swiss franc. Dubbed CHFAU, the token is fully backed 1:1 by Swiss franc reserves and launches on the Ethereum blockchain as an ERC-20 asset, according to a press release shared on February 27.

AllUnity Targets Institutional Demand With Regulated Stablecoin

The German joint venture developed CHFAU to address growing institutional appetite for a compliant digital version of the Swiss franc. The token is designed for use in payments, settlements, and treasury operations, with plans to expand beyond Ethereum to additional blockchain networks later this year.

Alexander Hoptner, CEO of AllUnity, said in a statement that the company progressed from concept to launch within months. He characterized the rapid turnaround as evidence of the strength and scalability of AllUnity's multicurrency platform.

This milestone is just the start of a broader transformation in how global liquidity moves.
— Alexander Hoptner, CEO of AllUnity

What Is Driving Demand for Non-Dollar Stablecoins?

Stablecoins pegged to currencies other than the U.S. dollar are attracting rapidly increasing interest from institutions. The broader stablecoin market has ballooned to $310 billion in combined value since 2020, with dollar-denominated tokens still commanding the majority share. However, AllUnity's debut of a EUR-pegged token last year and the emergence of JPY-tied alternatives from other issuers signal a clear diversification trend.

CHFAU represents the latest entry in this expanding multicurrency landscape. Analysts note that the Swiss franc's reputation as a premier safe haven currency gives CHF-linked digital assets a distinctive edge over alternatives pegged to more volatile fiat currencies.

Wall Street Bets Big on the Swiss Franc

Major investment banks have increasingly endorsed the Swiss franc as a top-tier haven asset, providing a strong tailwind for products like CHFAU. Morgan Stanley has compared the currency to gold, projecting a 17% appreciation against the U.S. dollar. The bank stated this week that the franc is an overlooked, underappreciated safe haven asset set to appreciate more rapidly than investors expect.

Goldman Sachs and Bank of America both disclosed a preference for the franc over the Japanese yen as a haven currency in September of last year. Economist Robin Brooks echoed that sentiment on X, noting that Switzerland qualifies as a massive safe haven in contrast to Japan, which he described as a fiscal basket case. Bannockburn Global Forex Chief Market Strategist Marc Chandler has offered similar assessments.

What This Means Going Forward

AllUnity's rapid expansion from a single EUR stablecoin to a multicurrency lineup underscores the accelerating institutional appetite for regulated digital assets tied to traditional safe haven currencies. With the Swiss franc gaining ground as an alternative to the yen among global banks, CHFAU positions the German joint venture at the intersection of stablecoin innovation and shifting macro-level currency preferences. Further network integrations beyond Ethereum are expected in 2026.