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Deutsche Bank, Germany's main banking giant, has launched a digital token linked to the Swiss franc through its AllUnity platform. It was given the name CHFAU, and it runs on the Ethereum blockchain, which immediately makes it convenient for a variety of DeFi applications and crypto wallets.

Currently, the token is available only through the closed interface of AllUnity Mint, but the team led by Alexander Heptner is already negotiating with crypto exchanges about listing. They plan to use stablecoin to simplify payments between firms and corporate settlements.

The stablecoin market is also specific to the franc. According to DefiLlama, CHFAU is already the fourth in this niche. The leader is Frankencoin (ZCHF), launched in 2023 and backed by a non—profit association. He has a capitalization of about $ 35 million, mostly in Switzerland. VCHF and HCHF together earned just over 3.6 million. For comparison, USDT is 183 billion dollars, the difference is huge. There used to be XCHF, but it was shut down due to weak demand.

This launch shows that Deutsche Bank and its partners are not giving up on asset digitalization, despite the failure of the previous EURAU. The CHF-stablecoin niche is weak, and the path to popularity will be thorny. The audience is likely to be the bank's corporate clients and partners in need of franc payments. To become a truly cool tool, you need not only to enter the stock exchanges, but also to prove the advantages over conventional transfers.