Swiss banking giants PostFinance, UBS, and Sygnum have joined forces to explore the potential of a digital Swiss franc through a proof-of-concept (PoC) initiative. This collaboration aims to assess the feasibility, benefits, and challenges associated with a central bank digital currency (CBDC) for Switzerland. The PoC will initially focus on enabling simple payments and escrows between the participating banks. By working together, they can evaluate the technical, legal, and regulatory aspects of issuing and managing a digital Swiss franc. The project is expected to be completed by 2025, providing valuable insights into the potential future of digital currencies in Switzerland.