• 1 XCHF = 1 CHF

    The represented value of one CryptoFranc (XCHF) equals one Swiss Franc (CHF).

    The represented value of one CryptoFranc (XCHF) equals one Swiss Franc (CHF).

  • Audited

    Every month, the underlying assets of all tokens in circulation are audited by Grant Thornton Bank Audit Ltd and the ensuing report is published on the website.

    Every month, the underlying assets of all tokens in circulation are audited by Grant Thornton Bank Audit Ltd and the ensuing report is published on the website.

  • Transparency

    The details of the company and the bond itself are published in a prospectus. The smart contract was reviewed and audited by Chain Security AG prior to deployment.

    The details of the company and the bond itself are published in a prospectus. The smart contract was reviewed and audited by Chain Security AG prior to deployment.

  • Escape Volatility

    The CryptoFranc serves as an ideal token for any blockchain service offering based on Swiss Francs. In addition, investors can park their volatile crypto holdings in XCHF to escape market volatility.

    The CryptoFranc serves as an ideal token for any blockchain service offering based on Swiss Francs. In addition, investors can park their volatile crypto holdings in XCHF to escape market volatility.

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SCT brought the Swiss Franc to the blockchain – in the form of a first token called CryptoFranc – as an ERC-20 token on the Ethereum blockchain. The CryptoFranc (XCHF) is a stablecoin, representing a Swiss Franc-denominated bond. The value of 1 XCHF = 1 CHF.

The total value of all XCHFs in circulation is fully backed by physical CHF bank notes, which are audited by Grant Thornton Bank Audit Ltd on a monthly basis.

 

Use Cases

The main purpose of XCHF is to support the Swiss blockchain ecosystem with a money market instrument. Furthermore, investors can use XCHF as protection against volatility, while remaining in the crypto environment.

 

How it works

The XCHF token is issued on the Ethereum blockchain and adheres to the ERC-20 standard. The smart contract is linked to the cryptofranc.eth domain in the Ethereum name system. Its current state including individual balances, total supply and source code can be viewed on Etherscan. The underlying legal implementation is a fixed term bond with automatic renewal/rollover clause.

 

Issuance & Redemption of CryptoFranc

The minimum volume for both issuance and redemption directly through Swiss Crypto Tokens is CHF 1,000.

Learn more about Swiss Crypto Tokens.