SEKAU: AllUnity Introduces Fully Backed Swedish Krona Stablecoin
Digital asset firm AllUnity unveils SEKAU, a Swedish krona stablecoin with full reserve backing and multi-blockchain compatibility, growing its regulated stablecoin suite under EU's MiCA regulations.
AllUnity, a digital asset company, has introduced SEKAU, a stablecoin backed by Swedish krona that is issued in compliance with the European Union's Markets in Crypto-Assets Regulation (MiCA).
According to a statement provided to Cointelegraph on Friday, the new digital token functions as an e-money token under MiCA regulations. The stablecoin is supported by segregated reserves of Swedish krona and is aimed at facilitating institutional settlement and enabling cross-border payment solutions.
This introduction comes after AllUnity deployed its Swiss franc stablecoin, broadening the company's multi-currency stablecoin approach within the EU's MiCA regulatory framework.
Banking Circle among SEKAU partners
A developing network of partners is backing the introduction of SEKAU.
The reserves that underpin the token will be held and administered by Banking Circle, a regulated business-to-business banking and financial infrastructure firm headquartered in Luxembourg, while Marginalen Bank of Sweden serves as a banking partner supporting the deployment.
Infrastructure integration for wider ecosystem accessibility to the stablecoin is being provided by Trust Anchor Group, a domestic digital asset infrastructure and technology provider.
Swedish krona stablecoin launches on multiple networks
SEKAU is being introduced across five different blockchain networks, which include Ethereum, Solana, Base, Tempo and Polygon.
According to AllUnity, the multi-chain deployment is structured to enhance access, interoperability and liquidity throughout major blockchain ecosystems. The firm stated that it intends to bring SEKAU to additional blockchain networks in the latter part of 2026.
In comparison, AllUnity's Swiss franc stablecoin CHFAU was initially deployed solely on Ethereum in February before being extended to Tempo. The firm additionally operates EURAU, an euro-backed stablecoin that was launched in 2025.
From its launch, EURAU has achieved a market capitalization of $1.4 million and is positioned as the 16th largest euro stablecoin out of 23 tracked tokens, based on CoinGecko data. At the time of writing, the euro stablecoin market has a combined value totaling approximately $883 million.
AllUnity emphasized that SEKAU represents the first fully reserved stablecoin denominated in Swedish krona that is compliant with MiCA, issued as a regulated EMT with 1:1 backing by SEK reserves.
"SEK exposure has previously existed mainly through early-stage concepts, which are not confirmed as a MiCA-authorized, fully regulated EMT," a spokesperson for AllUnity told Cointelegraph.
The company representative further noted that Swedish banking institutions and fintech pilots have examined tokenized deposit money and settlement systems, though these continue to be "closed, experimental infrastructures" as opposed to publicly redeemable stablecoins.
AllUnity indicated that the most pertinent initiative is the Riksbank's e-krona project in Sweden, a central bank digital currency that is investigating tokenized payments infrastructure, though it differs fundamentally from a stablecoin. Earlier this year, Riksbank confirmed that there were no stablecoins in Swedish kronor.