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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](https://www.swisscryptotokens.ch/current-prospectus-xchf). 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](https://www.grant-thornton.ch/en) on a monthly basis (Report is published monthly).

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