AllUnity has officially launched SEKAU, a new stablecoin backed by the Swedish krona. The token follows the European Union’s MiCA regulations and is fully backed by cash reserves, meaning every SEKAU token is supported by one Swedish krona.
The company says SEKAU is designed for businesses and institutions that need faster payments, cross-border transfers, treasury operations, and digital asset settlements.
To make the stablecoin secure, AllUnity has partnered with Banking Circle, which will hold and manage the reserves backing the token. Marginalen Bank is also supporting the project, while Trust Anchor Group is helping provide the technical infrastructure needed for broader adoption.
According to AllUnity CEO Alexander Höptner, SEKAU gives the Swedish krona a place in the growing digital economy. He said the stablecoin can help businesses move money instantly and support modern payment solutions.
SEKAU is launching on five blockchain networks: Ethereum, Solana, Base, Tempo, and Polygon. The company chose a multi-chain approach to make the token easier to use across different ecosystems and to improve liquidity.
At first, SEKAU will be available to approved institutional clients through AllUnity’s Business Mint Account platform, where users can mint and redeem tokens. The company is also working to list the stablecoin on both centralized and decentralized trading platforms.
The launch is part of AllUnity’s wider strategy to build a portfolio of regulated stablecoins. The company already offers EURAU, which is backed by the euro, and CHFAU, which is backed by the Swiss franc.
The arrival of SEKAU adds another local-currency stablecoin to Europe’s growing digital asset market. As more banks, fintech firms, and crypto companies look for regulated payment solutions, demand for stablecoins tied to national currencies continues to grow.
While Sweden’s central bank is still exploring a potential digital currency known as the e-krona, SEKAU is different because it is issued by a private company rather than the government.
For AllUnity, SEKAU marks another step in expanding its regulated stablecoin business. For Europe, it provides a new digital payment option backed by the Swedish krona.
