AllUnity has launched SEKAU, a Swedish krona-backed stablecoin issued under the European Union’s Markets in Crypto-Assets Regulation.
Summary
- SEKAU is backed 1:1 by Swedish krona reserves and structured as a MiCA e-money token.
- AllUnity launched SEKAU across Ethereum, Solana, Base, Tempo and Polygon for institutional settlement use cases.
- The rollout expands AllUnity’s EURAU and CHFAU strategy as Europe builds regulated local stablecoins markets.
In a Friday announcement, the company said the token is structured as an e-money token and backed 1:1 by Swedish krona reserves.
The launch gives Sweden a regulated private stablecoin linked to its national currency. AllUnity said SEKAU targets institutional settlement, cross-border payments, treasury flows, and digital asset market use.
The company said SEKAU is fully reserved and supported by segregated fiat reserves. Holders also have a statutory right of redemption at par value under MiCA rules, according to AllUnity’s legal notice.
Banking partners support reserves
Banking Circle will act as the designated reserve and transaction bank for SEKAU. AllUnity said Banking Circle will hold and manage the fiat reserves backing the Swedish krona stablecoin.
Marginalen Bank is also supporting the rollout as a banking partner. Trust Anchor Group will provide digital asset infrastructure and integration support for broader access to SEKAU.
AllUnity CEO Alexander Höptner said the launch gives the Swedish krona “a native place in the digital economy.” He said the token can support instant settlement, programmable money, and cross-border payments.
Token launches on five networks
SEKAU debuts on Ethereum, Solana, Base, Tempo, and Polygon. AllUnity said the multi-chain rollout is designed to improve access, liquidity, and use across several blockchain ecosystems.
The company also plans to expand SEKAU to more networks later in 2026. The stablecoin will initially be available through the AllUnity Business Mint Account for onboarded institutional clients.
AllUnity said those clients can mint and redeem SEKAU through the platform. The company also said expansion to centralized and decentralized trading venues is already underway.
AllUnity expands European stablecoin lineup
The SEKAU launch extends AllUnity’s multi-currency stablecoin strategy. The company already operates EURAU, a euro-backed stablecoin, and CHFAU, a Swiss franc-backed stablecoin.
As previously reported by crypto.news, AllUnity planned a June launch for SEKAU after earlier announcing its Swedish krona stablecoin push. That report noted that dollar-backed stablecoins still dominate global supply, leaving limited room for regulated non-dollar options.
The Riksbank said earlier this year that stablecoins linked to one national currency are regulated like e-money under MiCA. It also said there were no stablecoins in Swedish kronor at that time.
Crypto.news earlier reported that European banks and companies are moving from research to rollout in stablecoins. MiCA has given issuers a clearer rulebook, while payment demand has pushed projects tied to euro, Swiss franc, and now Swedish krona settlement.
SEKAU does not replace Sweden’s e-krona research. A central bank digital currency would be public money issued by the Riksbank, while SEKAU is private money issued by a regulated company.
For AllUnity, the launch adds a third currency to its regulated stablecoin portfolio. For Europe, it adds another local-currency option at a time when banks, fintechs, and crypto firms are building payment tools under MiCA.