CryptoFranc

The CryptoFranc (XCHF) is a stable coin bound to the Swiss Franc and classifies as a payment token in accordance with the FINMA ICO guidelines.

XCHF is issued and transferable on the Ethereum Blockchain, based on the ERC-20 standard and pegged to the Swiss Franc in a 1:1 ratio. The XCHF token is issued by Bitcoin Suisse AG. Each XCHF token represents a claim of one Swiss Franc against the Issuer and is backed by a bank guarantee.