AllUnity CHF

chfau
Rank #368•Stablecoins, Solana Ecosystem, Polygon Ecosystem
CoinYQ Dossier

CHFAU runs on two clocks: under five minutes and five business days

AllUnity markets straight-through CHFAU Mint processing in under five minutes to institutions it has already verified. A later holder with a request free of discrepancies receives a different target: redemption within five business days after the tokens reach AllUnity. The gap is the story of this onchain franc—transferable in 0.01 units on its ledgers, but conditional when it must return to a bank account as francs.

The euro launch supplied the rails

DWS, Flow Traders and Galaxy announced AllUnity in December 2023 with a regulated euro token as the first objective. AllUnity GmbH was registered in February 2024, obtained its BaFin electronic-money-institution licence on 1 July 2025 and launched EURAU at the end of that month. The company, licence and operating platform all existed before a Swiss-franc token did.

CHFAU arrived on Ethereum on 26 February 2026 as the second currency on that platform. Reusing the euro machinery shortened the path to launch: the same regulated issuer could accept bank funds, create an electronic-money claim and place it on a public ledger. The new currency changed the unit of account, not the identity of the debtor.

One franc acquired two processing speeds

A 6 May B2B article says AllUnity charges no minting or redemption fee. In the same passage it advertises straight-through Mint processing in under five minutes for an onboarded Verified Institution. The article was not authority-approved and was not an offer in Switzerland; the speed describes a customer whose onboarding and banking route already exist before the request begins.

CHFAU can then move in 0.01 units to someone outside that relationship. When such a holder asks for francs, the separate policy begins another clock only after the tokens arrive and the case is complete. Identity, ownership, source-of-funds, wallet and bank evidence must clear; a request without discrepancies should finish within five business days. The token crossed wallets without onboarding, but the CHF payment cannot.

Stress can make the slower clock longer

The amended white paper permits more than cash behind the promise: the segregated pool may also contain eligible secure, low-risk and highly liquid CHF instruments at EU-regulated credit institutions. Holders receive the CHF 1 claim, while income from those assets stays with the structure. This design supports a broader reserve operation but exposes redemption to market, credit and liquidation conditions.

In insolvency, the document expects the reserve to remain outside AllUnity’s estate, yet a special administrator must realize assets, deduct costs and distribute the result pro rata. A recovery plan may add liquidity fees, daily caps or a temporary halt before insolvency. Five business days is therefore a clean-case operating target, not a promise that survives every reserve or compliance event.

Five networks expanded circulation while redemption stayed with AllUnity

RULEMATCH admitted CHFAU in March; Tempo followed in June, Base and Polygon by July, and Solana in August. AllUnity reported more than CHF 39 million in late June and nearly CHF 50 million around the Solana launch. Its current page lists five networks. Arc remains a mismatch between the amended paper and that live list, so current support is unconfirmed.

Across those networks, the issuer still needs powers to create tokens, pause transfers, burn blacklisted balances and update code. Ethereum exposes those powers, but not the people or signing policy behind every role; the Trust Center also still marked the reserve audit “coming soon.” By August, CHFAU could circulate across five public ledgers, but every conversion back to francs still converged on AllUnity’s checks, reserve and bank payment. The two clocks remained the product’s defining result.

How the project changed

  1. 2023-12-12
    The partners propose AllUnity

    DWS, Flow Traders and Galaxy announce a planned venture whose first stated product is a regulated euro stablecoin.

  2. 2024-02-27
    AllUnity GmbH is registered

    The German company that later becomes CHFAU’s legal issuer enters the commercial register.

  3. 2025-07-01
    BaFin grants the EMI licence

    The authorization gives AllUnity the regulated issuer base it uses first for its euro token.

  4. 2025-07-31
    EURAU launches first

    AllUnity’s euro electronic-money token reaches Ethereum months before the Swiss-franc product.

  5. 2026-02-26
    CHFAU launches on Ethereum

    The second currency launches as an Ethereum token with a CHF 1 par value and an issuer redemption claim.

  6. 2026-03-31
    RULEMATCH admits CHFAU

    The venue adds a CHFAU/CHF market and permits the token to serve as collateral for institutional participants.

  7. 2026-06-17
    Tempo becomes the second announced network

    AllUnity begins expanding CHFAU beyond Ethereum; Base and Polygon follow by July.

  8. 2026-08-05
    Solana completes the current five-chain list

    The issuer announces Solana support; its product page now lists Ethereum, Tempo, Base, Polygon and Solana.

Evidence and primary sources

Last evidence review: 2026-09-05

What is AllUnity CHF?

AllUnity CHF (CHFAU) is a Swiss-franc electronic-money token issued by AllUnity GmbH, the German company registered as HRB 134001 and licensed by BaFin. One CHFAU has a par value of CHF 1 and gives its holder a statutory redemption claim against that issuer. It is neither a bank deposit nor a share of the reserve, and it pays the holder no reserve interest.

The current product page identifies CHFAU on Ethereum, Tempo, Base, Polygon and Solana; the catalog address is the Ethereum contract 0xbd4dfc058eb95b8de5ceaf39966a1a70f5556f78. Arc appears in the amended June 2026 white paper but not in the current network list, so present Arc support is unconfirmed.

What problem does AllUnity CHF solve?

AllUnity built CHFAU for businesses that settle invoices, collateral and treasury balances in Swiss francs but encounter bank cut-off times and correspondent-bank delays. A regulated token can move between public-chain wallets at any hour and can supply the cash side of tokenized-asset trades without converting first through a dollar token.

The speed changes with the workflow. Public-chain transfers can escape bank cut-off times, while the advertised under-five-minute Mint processing applies to an already verified institution; it is not the general redemption time for every later holder. Issuance begins with an approved institution and redemption ends only after AllUnity’s checks and a bank payment.

How does AllUnity CHF work?

AllUnity issues CHFAU at CHF 1 only after receiving funds and sends new tokens only to an onboarded Verified Institution. Its 6 May 2026 marketing article says those institutions can use the Mint platform with straight-through processing in under five minutes and that AllUnity charges no minting or redemption fee. The same article is expressly a B2B marketing communication, was not approved by an EU authority and is not an offer in Switzerland. After issuance, CHFAU can pass to third parties in units of 0.01.

A holder without a Verified Institution contract uses the separate redemption policy. AllUnity checks identity, beneficial ownership, source of funds and wealth, control of the sending wallet and ownership of the receiving bank account; it generally asks for an EEA IBAN unless its AML officer accepts another bank. If the submission has no discrepancy, the policy targets completion within five business days after AllUnity receives the tokens. Adverse or incomplete information can prevent or delay payment.

Backing may consist of segregated CHF cash or eligible secure, low-risk and highly liquid CHF instruments at EU CRR-regulated credit institutions. The Ethereum implementation keeps the full operating roster in code: MINTER_ROLE issues; BURNER_ROLE burns within an allowance; PAUSER_ROLE suspends and resumes transfers; BLACKLISTED_BURNER_ROLE destroys balances identified by a separate blacklist contract; DEFAULT_ADMIN_ROLE manages roles and authorizes UUPS upgrades. At block 25,908,902 the contract was unpaused, but the people and signing policies behind every role were not publicly identified.

Key facts

  • CHFAU is the CHF 1 electronic-money claim of AllUnity GmbH, HRB 134001; its catalog Ethereum address is 0xbd4dfc058eb95b8de5ceaf39966a1a70f5556f78.
  • DWS, Flow Traders and Galaxy announced AllUnity on 12 December 2023, initially to build a regulated euro stablecoin.
  • AllUnity was registered on 27 February 2024, is controlled through Global Tokenization Holdings, received its BaFin electronic-money-institution licence on 1 July 2025 and launched EURAU on 31 July.
  • CHFAU launched on Ethereum on 26 February 2026 as the platform’s second currency.
  • A holder has an at-par claim against AllUnity, but no equity, reserve interest, lien on a particular asset, deposit guarantee or investor-compensation protection.
  • The segregated reserve may hold CHF cash and eligible low-risk, highly liquid CHF instruments at EU-regulated credit institutions; it is not promised as cash only.
  • New issuance goes only to an onboarded Verified Institution after funds arrive, and transfers can then occur in units as small as 0.01 CHFAU.
  • A B2B article says AllUnity charges no minting or redemption fee; in the same passage it advertises under-five-minute Mint processing for Verified Institutions. Neither statement is presented as an unconditional legal SLA, and recovery rules can permit redemption fees.
  • A clean non-customer redemption is targeted within five business days after token receipt and requires identity, ownership, funds, wallet and bank checks.
  • In insolvency, a special administrator distributes realized segregated assets pro rata after costs; a remaining estate claim is unsecured, and recovery measures may impose fees, caps or suspension.
  • The terms permit compliance blocking and suspension and, where law requires, surrender of corresponding reserve assets to authorities; these steps can limit transfer or redemption.
  • Ethereum role identifiers separate issuance, allowed burning, pausing, blacklist burning and upgrades. The contract was unpaused at block 25,908,902, but the complete human signer roster and policies were not public.
  • The current page lists Ethereum, Tempo, Base, Polygon and Solana. Arc is documented in the amended paper but is not confirmed as current support.
  • AllUnity reported more than CHF 39 million by late June 2026 and nearly CHF 50 million at the August Solana launch; these are dated issuer figures, not current independent measurements.
  • The Trust Center still marked the CHFAU reserve audit report “coming soon,” so the current amount, counterparties and cash-versus-instrument mix were not publicly attested there.

Official links

Official websiteWhitepaperBlock explorerX / Twitter

Categories

StablecoinsSolana EcosystemPolygon EcosystemEthereum EcosystemBase EcosystemFiat-backed StablecoinCHF StablecoinTempo Ecosystem

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Frequently asked questions

Is CHFAU a Swiss-franc bank deposit?

No. It is an electronic-money claim against AllUnity GmbH. The white paper says the cited deposit-guarantee and investor-compensation schemes do not cover it.

Why do the published processing times differ?

They describe different customers and starting points. Under five minutes is AllUnity’s marketing claim for onboarded Verified Institutions using Mint. Up to five business days is the policy target for a clean holder redemption after AllUnity receives the tokens.

Can a holder who is not an AllUnity customer redeem?

Yes, the public policy expressly covers such EMT holders, but payment depends on identity, sanctions, ownership, source-of-funds, wallet-control and bank-account checks.

What sits in the reserve?

Segregated CHF cash and eligible secure, low-risk, highly liquid CHF instruments may be used. The white paper does not promise an all-cash reserve.

What happens if AllUnity becomes insolvent?

The paper says the segregated reserve stays outside the estate. A special administrator realizes it and distributes net proceeds pro rata; any remaining claim against the estate is unsecured.

Can transfers or redemptions be stopped?

Yes under stated legal, compliance and recovery conditions. The terms permit blocking or suspension and, if legally required, surrender of corresponding reserve assets to authorities; Ethereum also has role-controlled pause, blacklist burning and upgrades.

Does CHFAU pass reserve yield to holders?

No. The holder keeps a CHF 1 redemption claim and receives no interest from reserve assets.

Is CHFAU currently live on Arc?

That is not confirmed. Arc appears in the June 2026 amended white paper, while the current product page lists Ethereum, Tempo, Base, Polygon and Solana.

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