The company AllUnity introduces SEKAU, a stablecoin backed by the Swedish krona and issued under the European MiCA regulation. The token functions as electronic money, holds one-to-one reserves, and is geared toward institutional settlements and cross-border payments.
According to the company, this is the first fully backed Swedish krona stablecoin that complies with MiCA rules.
SEKAU is debuting simultaneously across five networks — Ethereum, Solana, Base, Tempo, and Polygon. According to AllUnity, this multichain launch is designed to improve the token's accessibility, interoperability, and liquidity. By the end of 2026, the company plans to add more blockchains.
The reserves backing the token will be held and serviced by Banking Circle, a regulated settlement bank based in Luxembourg. Sweden's Marginalen Bank is acting as the project's banking partner, while Trust Anchor Group provides the technical integration that lets market participants access the stablecoin.
AllUnity is a stablecoin issuer headquartered in Germany. It is a joint venture created by Deutsche Bank (through its DWS division), Galaxy Digital, and Flow Traders. In December 2024, AllUnity received an electronic money institution (EMI) license from Germany's financial regulator BaFin, allowing it to issue stablecoins under MiCA rules. The company had previously launched the euro stablecoin EURAU, and has now added the franc-backed CHFAU and the Swedish SEKAU to its lineup.