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- SEKAU launches as the first MiCA-compliant stablecoin backed one-to-one by Swedish krona.
- AllUnity deploys SEKAU on five blockchains for settlement, payments, and liquidity use.
- Banking Circle, Marginalen Bank, and Trust Anchor Group support SEKAU’s reserve framework.
SEKAU launched as a fully backed Swedish krona stablecoin from AllUnity, a regulated e-money institution. The company said it is the first MiCA-compliant digital currency denominated in Swedish krona. The token supports payments, settlement, and liquidity across digital finance systems.
AllUnity already issues EURAU and introduced the new token under the European Union’s Markets in Crypto-Assets Regulation framework. The rollout adds a Swedish krona product to AllUnity’s growing group of regulated digital currencies. It also comes as firms across Europe develop payment infrastructure that follows MiCA requirements.
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SEKAU Supports Instant Settlement and Cross-Border Transfers
SEKAU is structured as an E-Money Token, also known as an EMT. It is pegged one-to-one with the Swedish krona and fully backed by segregated fiat reserves. AllUnity said this structure provides transparency and enables holders to redeem the token.
The company said Sweden’s digital and cash-light economy creates demand for regulated digital currency tools. Business commerce is becoming more automated, while Sweden remains largely cashless. AllUnity positioned the token as infrastructure for this changing payment environment.
According to the issuer, SEKAU can support 24-hour instant gross settlement. It can also be used for lower-cost cross-border payments and decentralized liquidity management. The company cited programmable money as another potential application for the digital krona.
Alexander Höptner, AllUnity’s chief executive, called the launch a natural progression for Sweden’s digital economy. He said the product gives the Swedish krona a native role within digital finance. He also pointed to instant settlement and cross-border transactions as key functions.
SEKAU will initially operate on Ethereum, Solana, Base, Polygon, and Tempo. AllUnity said the multi-chain release is intended to improve liquidity, interoperability, and broad market access. The networks cover both institutional and decentralized finance settings.
SEKAU Adds Reserve Partners and Corporate Minting Services
Further blockchain integrations are expected later this year for the token, according to the company. AllUnity did not identify the networks that may be added to the stablecoin. Its current plan focuses on expanding the broader digital payments infrastructure.
However, Banking Circle will act as the primary designated reserve and transaction bank for the underlying fiat collateral. Marginalen Bank will serve as a regional banking partner for the project. Trust Anchor Group will provide specialized digital asset infrastructure and application integrations.
Verified corporate entities can mint and redeem SEKAU through AllUnity’s Business Mint Account system. The company said the platform gives verified institutional users direct access to these functions. It did not disclose transaction limits, fees, or initial issuance volumes.
Centralized exchange listings and public decentralized finance pool deployments are scheduled for the coming weeks. Those steps would broaden access beyond the issuer’s corporate account system. AllUnity did not name exchanges or specific DeFi platforms for the rollout.
However, the new Swedish krona stablecoin joins EURAU and CHFAU in AllUnity’s portfolio. Those existing tokens are backed by the euro and Swiss franc, respectively. SEKAU reflects continued interest in MiCA-compliant digital asset products across Europe’s markets.
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