Digital asset company AllUnity launches SEKAU, a Swedish krona-backed stablecoin issued under the European Union’s Cryptoassets Market Regulation (MiCA).
According to a statement shared with Cointelegraph on Friday, the new token will operate as an e-money token under MiCA. It is backed by a segregated Swedish krona reserve and covers institutional payments and cross-border payments.
The launch follows the rollout of AllUnity’s Swiss Franc stablecoin and extends its multicurrency stablecoin strategy under the EU’s MiCA framework.
Banking circle between SEKAU partners
The launch of SEKAU is supported by a growing ecosystem of partners.
Banking Circle, a Luxembourg-based regulated intercompany bank and financial infrastructure company, will hold and manage the reserves backing the token, and Sweden’s Marginalen Bank will support the deployment as a banking partner.
Trust Anchor Group, a local digital asset infrastructure and technology company, provides infrastructure integration for broader ecosystem access to stablecoins.
Swedish krona stablecoin launched on multiple networks
SEKAU will debut across five blockchain networks including Ethereum, Solana, Base, Tempo, and Polygon.
AllUnity said the multi-chain deployment 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 in the second half of 2026.
In contrast, AllUnity’s Swiss Franc stablecoin CHFAU was initially launched exclusively on Ethereum in February before expanding to Tempo. The company also operates EURAU, a euro-backed stablecoin launched in 2025.
sauce: all unity
Since its launch, EURAU’s market capitalization has reached $1.4 million, ranking it as the 16th largest euro stablecoin among 23 tracked tokens, according to CoinGecko. The euro stablecoin market is worth a total of approximately $883 million at the time of writing.
AllUnity highlighted that SEKAU is the first fully reserved Swedish krona-denominated stablecoin linked to MiCA, issued as a regulated EMT backed 1:1 by SEK reserves.
“SEK’s exposure to date has primarily existed through early-stage concepts and has not been confirmed as a MiCA-licensed, fully regulated paramedic,” an AllUnity spokesperson told Cointelegraph.
The representative also said that Swedish banks and fintech pilots are researching tokenized deposit and payment systems, but these are not publicly redeemable stablecoins and are still “closed experimental infrastructures.”
The most relevant effort is the Riksbank’s Swedish e-krona project, which explores tokenized payment infrastructure for central bank digital currencies, which Allunity says is fundamentally different from stablecoins. The National Bank informed earlier this year that there is no Swedish krona stablecoin.
