We’re thrilled to announce that ZCHF is available for trading on Kraken!
Funding and trading
ZCHF trading is live as of October 8, 2026.
To add an asset to your Kraken account, navigate to Funding, select the asset you’re after, and hit ‘Deposit’.Â
Make sure to deposit your tokens into networks supported by Kraken. Deposits made using other networks will be lost.
Here’s some more information about this asset:
Frankencoin (ZCHF)
Frankencoin (ZCHF) is a decentralized, over-collateralized stablecoin that tracks the value of the Swiss franc. Rather than holding fiat reserves with a custodian, ZCHF is created when users deposit approved crypto collateral into on-chain positions and mint against it, and burned when those positions are repaid. Each unit in circulation is backed by on-chain collateral worth at least one Swiss franc.
Borrowers pay a fixed rate of interest upfront for a term they select, which makes minting function as an on-chain lombard loan denominated in Swiss francs. Holders can deposit ZCHF into the protocol’s savings module, an ERC-4626 vault paying a variable rate funded by borrower fees and set through governance. ZCHF launched on Ethereum mainnet in 2023 as an ERC-20 token and is also deployed on Arbitrum, Avalanche, Base, Gnosis, Optimism, Polygon and Sonic through a Chainlink CCIP bridge.
Please note:Â Â
- Trading via Kraken App and Instant Buy will be available once the liquidity conditions are met (when a sufficient number of buyers and sellers have entered the market for their orders to be efficiently matched).
- Geographic restrictions may apply
Will Kraken make more assets available?
Yes! But our policy is to never reveal any details until shortly before launch – including which assets we are considering. All of Kraken’s available tokens can be found here, and all future tokens will be announced on our Listings Roadmap and social media profiles. Our client engagement specialists cannot answer any questions about which assets we may be making available in the future.