To assess the feasibility and potential benefits of a deposit token in Switzerland, the Swiss Banking association members PostFinance, Sygnum, and UBS have signed a Memorandum of Understanding(MoU).

This MoU demonstrates their commitment to designing and implementing an initial Deposit Token PoC, focusing on two main use cases in the areas of peer-to-peer payments and digital assets settlement.

The MoU outlines the shared objectives of conducting the PoC during the course of 2025 and addresses the resulting inter-institutional technical and legal challenges.

The joint work aims to provide a non-binding evaluation for all interested financial market participants on how such a deposit token design may be implemented, potentially leading to a nationwide rollout of the Swiss franc deposit token.

However, a successful PoC will not prejudge a decision on a rollout.

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