Leading Swiss banks, including UBS, PostFinance, and Sygnum, are collaborating on a digital Swiss franc initiative led by the Swiss Bankers Association (SBVg). The project, titled Digitale Währungen, aims to modernize Switzerland's financial infrastructure through a blockchain-based deposit token. This innovative payment method will enable transactions on a new platform using distributed ledger technology (DLT) and smart contracts. The proof of concept (PoC) will initially focus on two use cases: simple payments and bank-to-bank deliveries, along with payment transactions with escrow capabilities. By embracing digital currencies, Swiss banks aim to enhance their competitive edge in the evolving digital economy.