Digital asset company AllUnity is launching SEKAU, a Swedish krona-backed stablecoin issued under the European Union’s Markets in Crypto-Assets Regulation (MiCA).<\/p>\n
The new token operates as an e-money token under MiCA, according to a statement shared with Cointelegraph on Friday. It is backed by segregated Swedish krona reserves and targets institutional settlement and cross-border payments.<\/p>\n
The launch follows AllUnity\u2019s Swiss franc stablecoin rollout, extending its multi-currency stablecoin strategy under the EU\u2019s MiCA framework.<\/p>\n
Banking Circle among SEKAU partners\u00a0<\/h3>\n
The launch of SEKAU is supported by a growing ecosystem of partners.<\/p>\n
Banking Circle, a regulated business-to-business bank and financial infrastructure company based in Luxembourg, will hold and manage the reserves backing the token, while Swedish Marginalen Bank supports the rollout as a banking partner.<\/p>\n
Trust Anchor Group, a local digital asset infrastructure and technology company, provides infrastructure integration for broader ecosystem access to the stablecoin.<\/p>\n
Swedish krona stablecoin launches on multiple networks<\/h2>\n
SEKAU debuts across five blockchain networks, including Ethereum, Solana, Base, Tempo and Polygon.<\/p>\n
AllUnity said the multi-chain rollout is designed to improve access, interoperability and liquidity across major blockchain ecosystems. The company added that it plans to expand SEKAU to additional blockchain networks later in 2026.<\/p>\n
By contrast, AllUnity\u2019s Swiss franc stablecoin CHFAU initially launched exclusively on Ethereum in February before expanding to Tempo. The company also operates EURAU, a euro-backed stablecoin launched in 2025.<\/p>\n
Source: <\/em>AllUnity<\/em><\/p>\n Since launch, EURAU has reached a market capitalization of $1.4 million and ranks as the 16th largest euro stablecoin among 23 tracked tokens, according to CoinGecko. The euro stablecoin market totals about $883 million in combined value at the time of writing.<\/p>\n AllUnity stressed that SEKAU is the first fully reserved Swedish krona-denominated stablecoin aligned with MiCA, issued as a regulated EMT backed 1:1 by SEK reserves.<\/p>\n \u201cSEK exposure has previously existed mainly through early-stage concepts, which are not confirmed as a MiCA-authorized, fully regulated EMT,\u201d a spokesperson for AllUnity told Cointelegraph.<\/p>\n Related: <\/strong><\/em>Tether winds down gold-backed derivative stablecoin aUSDT<\/strong><\/em><\/p>\n The representative also mentioned that Swedish banking and fintech pilots have explored tokenized deposit money and settlement systems, but these remain \u201cclosed, experimental infrastructures\u201d rather than publicly redeemable stablecoins.\u00a0<\/p>\n AllUnity said the most relevant initiative is Sweden\u2019s e-krona project by the Riksbank, a central bank digital currency exploring tokenized payments infrastructure, but it is fundamentally different from a stablecoin. Riksbank communicated earlier this year that there were no stablecoins in Swedish kronor.<\/p>\n Magazine: <\/strong><\/em>Crypto wanted to overthrow banks, now it\u2019s becoming them in stablecoin fight<\/strong><\/em><\/p>\n<\/div>\n <\/p>\n","protected":false},"excerpt":{"rendered":" Digital asset company AllUnity is launching SEKAU, a Swedish krona-backed stablecoin issued under the European Union’s Markets in Crypto-Assets Regulation (MiCA). The new token operates as an e-money token under MiCA, according to a statement shared with Cointelegraph on Friday. It is backed by segregated Swedish krona reserves and targets institutional settlement and cross-border payments. …<\/p>\n","protected":false},"author":1,"featured_media":56,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-55","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t![\"\"](\"https:\/\/s3-images.ctmedia.io\/media\/content\/pasted-image-1561.png\")
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