Regulated Swiss Franc on Solana: AllUnity Brings CHFAU to Its First Non-EVM Chain
BaFin-licensed e-money institute AllUnity — a joint venture of DWS, Flow Traders, and Galaxy — launched its MiCAR-compliant Swiss franc stablecoin CHFAU on Solana. Circulation at launch: nearly 50 million francs.
What Happened
AllUnity launched its Swiss franc stablecoin CHFAU on Solana on August 5 — the token’s first non-EVM chain after Ethereum, Base, Polygon, and Tempo. AllUnity is a BaFin-licensed e-money institute headquartered in Frankfurt, carried as a joint venture by DWS (a Deutsche Bank subsidiary), Flow Traders, and Galaxy.
What CHFAU Is
CHFAU is a MiCAR-compliant e-money token: pegged 1:1 to the Swiss franc, backed per the issuer 100 percent by segregated franc reserves at CRR credit institutions in the EU, with a statutory redemption right at par value (MiCAR Article 49). At the Solana launch, circulation stood at nearly 50 million francs — up from around 39 million at the end of June.
Important context: per AllUnity, CHFAU targets institutional and professional customers (B2B) and is explicitly not marketed to Swiss retail customers.
Why It Matters for the DACH Region
A regulated franc token from a German e-money institute is exactly the kind of building block European payment and treasury applications on Solana need: a MiCAR framework instead of an offshore construction, Frankfurt supervision, EU reserves. AllUnity CTO Peter Grosskopf explains the Solana choice with growing demand for regulated digital currencies and the chain’s efficiency for payments.
Note: This is reporting, not investment advice.
What to Watch
- Whether DeFi integrations (trading, lending) emerge for CHFAU on Solana
- How circulation develops after the multi-chain expansion
- Whether more regulated non-dollar stablecoins make the move to Solana
Sources
- AllUnity — CHFAU announcement (overview)
- Bitcoin Switzerland News — CHFAU is live on Solana