Frankencoin issues ZCHF, a decentralized stablecoin pegged 1:1 to the Swiss franc, backed by over‑collateralized on‑chain assets and operating across eight blockchains. Users can mint and burn ZCHF via a collateral vault, trade it on DEXs, and use integrated fiat on‑ramps and payment tools for everyday CHF transactions, while a savings module offers market‑based yield.
Funding
Funding not disclosed
Founders
Product
Problem
Users seeking a stable, Swiss franc‑denominated digital asset face limited options that rely on centralized issuers or lack on‑chain transparency, making it difficult to obtain, use, and trust a CHF‑pegged token across multiple blockchain ecosystems.
Solution
Frankencoin issues ZCHF, a fully decentralized stablecoin that maintains a 1:1 peg to the Swiss franc through over‑collateralized on‑chain assets that can be liquidated if needed. The protocol operates on eight blockchains, allowing users to mint ZCHF by depositing crypto collateral, burn it to retrieve collateral, and trade the token on both regulated on‑ramps and decentralized exchanges. Integrated payment solutions—including debit‑card partnerships, IBAN links, and merchant acceptance—enable everyday Swiss franc transactions. A modular savings module lets holders earn market‑based interest, while the system’s transparent, rule‑based architecture ensures compliance with Swiss law and MiCAR without a central issuer.
Target Audience
Primary users are crypto holders and DeFi participants who need a reliable CHF‑denominated stablecoin for payments, lending, and yield generation, as well as businesses and developers seeking to integrate a Swiss franc digital layer into their services.
Features
- Decentralized collateralized debt position model with over‑collateralization and automated liquidation to preserve the 1:1 CHF peg
- Multi‑chain deployment (8 blockchains) for broad accessibility and interoperability
- On‑chain minting and burning via a user‑controlled collateral vault
- Integrated fiat on‑ramps (IBAN) and crypto swaps (Curve, Uniswap, CowSwap) for zero‑fee acquisition
- Payment infrastructure supporting debit cards (GnosisPay) and merchant acceptance (e.g., Spar stores)
- Savings module that distributes yield to ZCHF holders and issues Frankencoin Pool Shares (FPS) for capital contributions
- Open API and documentation for developers to embed ZCHF as a programmable Swiss franc layer in dApps and financial services