Profile
VCHF profile facts
VNX Swiss Franc (VCHF) static profile: governance model Centralized (CeFi); backing model Real-World Asset Backed; peg Swiss Franc.
- Collateral
- Apex's August 2026 examination identifies CHF 2,035,962.35 cash in VNX Global Ltd.'s designated reserve account at Bermuda Commercial Bank, separately maintained from operating accounts, against CHF 2,035,934.72 of covered VCHF liabilities. Its liability table covers Stellar, Ethereum, Solana, ICP, Celo and Base, excluding the tracked Tezos, Arbitrum, Avalanche, Polygon, XRPL and Fraxtal deployments; backing of that legacy supply remains unreconciled.
- Peg mechanism
- Bermuda-licensed VNX Global Ltd. offers verified institutional customers at-par CHF issuance and redemption with a CHF 100,000 minimum transaction threshold. Redemption uses direct cancellation against reserves or buyback into VNX's liquidity pool, with fiat to the customer's bank averaging about one business day, subject to eligibility, AML/ATF checks, operational controls and liquidity conditions. Governing terms permit reserve-related delay and in-kind redemption. Fiat withdrawal carries a CHF 30 SWIFT fee and may incur a separate account-history-dependent unused-funds fee, rather than an all-in USD redemption quote. The current VNX Global platform is distinct from VNX Commodities AG's suspended legacy vnx.li exchange.
- Jurisdiction
- Bermuda / BMA / Class M digital asset business licence under DABA 2018 (registration no. 202605548)
- Proof of reserves
- Independent Attestation by Apex Fund Services Ltd. Reserve source
Source: Pharos registry profile fields. Live price, supply, reserve, liquidity, event, and safety data load in the interactive dossier on this page.
VCHF quick answers
5
What is VNX Swiss Franc (VCHF)?
VCHF is VNX Global Ltd.'s institutional CHF token with Apex-attested bank cash reserves; coverage of legacy deployments remains unreconciled. The static profile records its Swiss Franc peg mechanism as: Bermuda-licensed VNX Global Ltd. offers verified institutional customers at-par CHF issuance and redemption with a CHF 100,000 minimum transaction threshold.
Is VCHF safe?
As of Oct 24, 2026, Pharos grades VCHF C (58/100) on its Safety Score. Pharos's reviews record that the issuer or an admin can freeze individual holders' balances, and direct redemption is limited to whitelisted primary-market participants. That is a middle-band grade: it meets baseline expectations but carries meaningful weaknesses. The grade moves as reserve, redemption, peg and control evidence changes; the live Safety Score on this page shows the current reading.
What backs VCHF?
Pharos records VCHF's reserves as of Aug 31, 2026 as 100% Unreconciled whole-token reserve allocation (Apex cash subset documented). Reserve evidence: Independent Attestation by Apex Fund Services Ltd., latest period ending Aug 31, 2026. Pharos classifies the backing as Real-World Asset Backed.
Can VCHF be frozen or blacklisted?
Based on tracked contract metadata and blacklist coverage, issuer or admin freeze controls are recorded.
How do you redeem VCHF?
Under the route Pharos reviewed on Oct 17, 2026, whitelisted primary-market participants can redeem VCHF for a single stable asset, such as cash or a stablecoin. Settlement takes multiple days. The fee is variable or not fully published. Whether a given holder qualifies is set by the route's own terms, not by this summary.
