The CryptoFranc (XCHF) is a stable coin that is tied to the Swiss Franc and is classified as a payment token according to the FINMA ICO guidelines. XCHF is created and can be transferred on the Ethereum Blockchain using the ERC-20 standard, and it is pegged to the Swiss Franc at a 1:1 ratio. Bitcoin Suisse AG is the issuer of the XCHF token, and each token represents a claim of one Swiss Franc against the Issuer, backed by a bank guarantee.