XCHF describes itself as a fully collateralized Swiss Franc (CHF) stablecoin developed by Swiss Crypto Tokens AG, a subsidiary of Bitcoin Suisse AG. CryptoFranc (XCHF) is an ERC-20 stablecoin, representing a Swiss Franc (CHF) denominated bond. The bond prospectus can be downloaded from the website.
All Crypto Franc (XCHF) Tokens are reportedly fully-backed by physical CHF bank notes, stored in a bunker and which are audited by Swiss Audit company Grant Thornton Bank Audit Ltd on a monthly basis (Report is published monthly).