Bank & market adoption

Safirum launches CHF-S Swiss franc stablecoin backed at two Swiss banks

3 November 2026SwitzerlandSource: Safirum

Zug-based fintech Safirum said in a communiqué published on 3 November 2026 that it has launched its Swiss franc stablecoin CHF-S on the Solana blockchain, having announced it in June 2026.
Each CHF-S token in circulation is backed 1:1 by fiat reserves held in segregated accounts at two partner banks, Berner Kantonalbank (BEKB) and Banque Richelieu, with other banks to be added as custodians; new tokens are issued through institutional investors after identification and compliance checks.
Transfers are limited to KYC/KYB-verified, whitelisted wallets enforced in the Solana smart contract, and Safirum charges 0.05% per transfer, capped at 0.50 CHF-S, plus network fees.

Why it matters

Two Swiss banks are now holding the segregated reserve accounts behind a live, whitelisted Swiss franc stablecoin, giving banks a concrete custodian role in Swiss stablecoin issuance under FINMA Supervisory Notice 06/2024.

Read the original: Safirum ↗

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More detail

Also in the source

(Source text in French; summary translated.)

Who is affected

Swiss and international users of a Swiss franc stablecoin, institutional minters, and custodian banks holding the reserves.

Key dates

3 Nov 2026Safirum CHF-S stablecoin launch

What remains uncertain

The communiqué does not state the amount of CHF-S in circulation or the size of reserves.
It does not name the additional custodian banks or say when they will join.

Key facts

Event: Product launch
Jurisdiction: Switzerland
Source: Safirum (company communiqué via Allnews)
Source tier: Tier 2 · Bank / FMI
Product: Stablecoin issuance

In the database

How we verified this

The source says

“Safirum AG, dont le siège se trouve dans le canton de Zoug, a mis en service aujourd’hui son stablecoin CHF-S adossé au franc suisse sur la blockchain Solana.”

“Ces fonds sont détenus sur des comptes ségrégués auprès de deux banques partenaires: la Banque Cantonale Bernoise (BCBE) et la Banque Richelieu.”

“Safirum a conçu le stablecoin en tenant compte des dispositions suisses en vigueur, notamment de la communication de surveillance n° 06/2024 de la FINMA.”

“Les transferts de CHF-S sont soumis à des frais de 0,05% du montant de la transaction, plafonnés à 0,50 CHF-S, auxquels s’ajoutent les frais de réseau.”

Verbatim from Safirum (company communiqué via Allnews), matched word for word against the live page on 4 November 2026.

Sources

Official institutionalSafirum (company communiqué via Allnews) ↗2026-11-03T2Bank / FMI

Evidence

Confidence: Medium The institution’s own statement; quote string-matched. Proves what the institution says, not independent confirmation.
Quote verified: 2026-11-04 07:13 UTC
Archived snapshot: SHA-256 b3622377a9debd24… · fetched 2026-11-04 · Wayback Machine copy ↗
Source type: Official institutional Safirum (company communiqué via Allnews) ↗

Change log (1)

2026-11-04 Published

Full evidence record · How we label confidence

AI-assisted: the summary and analysis were drafted with AI from the primary source and checked by the editors. AI-drafted from the primary source; quote string-matched against the live source page.

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