Safirum: Swiss franc stablecoin CHF‑S goes live

Swiss fintech Safirum has today launched its previously announced Swiss franc stablecoin CHF‑S. The digital token is fully backed by Swiss francs held at two partner banks. An integrated whitelisting function ensures that, as required by regulation, transactions can only take place between identified users. Safirum AG, based in Canton Zug, has today launched its Swiss franc stablecoin CHF‑S on the Solana blockchain. This provides a new digital form of the Swiss franc, enabling fast and cost-efficient transactions around the clock.