AllUnity Debuts SEKAU, Regulated Swedish Krona-Backed Stablecoin Under MiCA

AllUnity has launched SEKAU, a Swedish krona-backed stablecoin that is fully reserved and supported by segregated fiat reserves. The stablecoin is structured as an e-money token under the European Union's Markets in Crypto-Assets Regulation (MiCA) and is pegged 1:1 to the Swedish krona.

The launch of SEKAU gives Sweden a regulated private stablecoin linked to its national currency, targeting institutional settlement, cross-border payments, treasury flows, and digital asset market use. Banking Circle will act as the designated reserve and transaction bank for SEKAU, holding and managing the fiat reserves backing the Swedish krona stablecoin.

AllUnity's CEO Alexander Höptner said that the launch gives the Swedish krona 'a native place in the digital economy' and can support instant settlement, programmable money, and cross-border payments. The stablecoin will initially be available through the AllUnity Business Mint Account for onboarded institutional clients, with expansion to more networks planned later in 2026.