Smart Valor Launches A Swiss Franc Pegged CHFt Stablecoin On New Exchange In Liechtenstein


Smart Valor has announced that it will become the first company to offer a stablecoin backed by the Swiss Franc. The project will be run in partnership with financial institutions. Smart Valor is a marketplace for tokenized digital assets and security tokens that is licensed and regulated by Swiss authorities.

Essentially, Smart Valor will act as the provider of technological infrastructure for local financial institutions that are licensed to issue tokenized Swiss Franc, also known as CHFt. Later on, the company will start issuing CHFt on its own, since it has approval from local oversight agencies. Moreover, the company will soon start operating in the neighboring Liechtenstein, subject to the approval of its license application to the financial supervisory authority in the country.

So far, Smart Valor has been permitted by Liechtenstein’s financial oversight agencies to operate a platform for utility and payment tokens in the country. As a result, the company has established a subsidiary in Liechtenstein. This is the first step towards the creation of a fully-fledged crypto exchange platform in the nation.

Additionally, Smart Valor has filed an application for a banking license for its Liechtenstein-based subsidiary. This would enable the branch to offer security tokens. In this regard, Olga Feldmeier, the CEO of Smart Valor, said that the company is looking to create a network of Swiss Franc stablecoin issuers to prevent the collapse of the coin if one issuer fails or experiences problems.

As of now, Smart Valor is in talks over possible collaboration with banks, crypto exchanges and prominent auditing companies. The technology infrastructure will be provided by the Enterprise Ethereum Alliance (EEA), in which Smart Valor is a member. Specifically, the firm will work with Adhara, a member of the EEA to develop electronic money blockchain-based solution for banks.

Banking institutions will benefit from the partnership with Smart Valor by getting infrastructure that bridges the gap between fiat money and digital currencies. Also, they will get a chance to work with companies that observe KYC and AML procedures. The banks’ customers will be able to create crypto wallets on the Smart Valor platform and have access to the CHFt stablecoin that is collateralized with Swiss Francs.

The onboarding of new clients to the Smart Valor platform will spur the formation of global liquidity pools. This is because of the stability of the Swiss Franc. Ulitimately, Smart Valor aims to create a network that fosters legitimacy and compliance in the crypto space.

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