• 1 XCHF = 1 CHF

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

    The represented value of the 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 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 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 & 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 & 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 from 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 from market volatility.

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As a first token called CryptoFranc, SCT brought the Swiss Franc to the blockchain 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 XCHF in circulation are 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. Further, investors can use the XCHF as protection against the 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 its source code can be inspected 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 & redemption directly through Swiss Crypto Tokens is CHF 50’000.

 

Learn more aboutĀ Swiss Crypto Tokens.

Founded in 2013, we are Switzerland's oldest regulated, professional company for crypto-financial services. We played a crucial role in the development of the crypto valley and the overall Swiss blockchain ecosystem. Most of all, we continue to strive forward in delivering cutting-edge solutions for our clients.

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Please note that our Trading-Desk requires a minimum trading volume of 10’000.00 CHF or equivalent. For trading volumes below this amount please use ourĀ Online Trading Platform