INTRODUCING | First Swedish Krona Stablecoin Launches for Institutional Use Cases

AllUnity, a regulated European stablecoin issuer, has launched SEKAU, the first fully reserved Swedish Krona-backed stablecoin issued under the European Union’s Markets in Crypto-Assets (MiCA) framework expanding Europe’s growing roster of regulated local currency digital payment tokens.

SEKAU is structured as a MiCA-compliant electronic money token (EMT), backed one-for-one by segregated Swedish Krona reserves and redeemable at par value. The stablecoin is designed for institutional use cases including

• cross-border payments,
• treasury management,
• on-chain settlement and
• digital asset markets.

The token is available on

• Ethereum,
• Solana,
• Base,
• Polygon, and
• Tempo,

with Banking Circle serving as the reserve and transaction bank while Marginalen Bank and Trust Anchor Group support the broader infrastructure.

The launch broadens AllUnity’s regulated stablecoin portfolio which already includes euro-backed EURAU and Swiss franc-backed CHFAU as European issuers race to build compliant digital payment infrastructure under MiCA and offer local-currency alternatives to U.S. dollar-denominated stablecoins.

Chief Executive, Alexander Höptner, said the stablecoin gives the Swedish Krona ‘a native place in the digital economy,’ enabling instant settlement, programmable money, and cross-border payments in one of the world’s most digitally advanced economies.

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