ZURICH, April 8 – A consortium of six major Swiss financial institutions announced Wednesday they are collaborating to explore practical applications for a digital currency tied to the Swiss franc.
The banking group, working alongside Swiss Stablecoin AG, plans to create a protected digital testing platform where they can examine methods to integrate blockchain technology with Switzerland’s national currency, according to their announcement.
The collaborative effort includes UBS, PostFinance, Sygnum, Raiffeisen, ZKB and BCV, with the initiative remaining open for additional banking partners to participate.
According to UBS, Switzerland currently lacks a regulated digital franc currency that has widespread practical use throughout the country. The testing platform is scheduled to operate during 2026 and is designed to bolster Switzerland’s digital financial infrastructure, the banking giant noted.
