AllUnity, an EU-licensed Electronic Money Institution (EMI), introduced the first stablecoin pegged to the Swedish krona.
European stablecoin issuer AllUnity announced the launch of AllUnity SEK (SEKAU), the world’s first Swedish krona-pegged stablecoin fully compliant with the EU’s Markets in Crypto-Assets (MiCA) framework. The new digital asset, designed for institutional clients, was issued as an E-Money Token (EMT) and is backed by segregated Swedish krona reserves on a 1:1 basis.
The company said the launch would help integrate one of the world’s most digitally advanced economies into the global infrastructure for 24/7 digital payments and settlements.
At launch, the stablecoin became available on five blockchain networks:
- Ethereum
- Solana
- Base
- Tempo
- Polygon
According to AllUnity, the list of supported networks will expand throughout 2026. Issuing the stablecoin across multiple blockchain networks is intended to support strong liquidity, interoperability across ecosystems, and broader token adoption.
The project’s key partners include:
- Banking Circle, which serves as the reserve custodian and settlement partner responsible for safeguarding the funds backing the stablecoin.
- Marginalen Bank, the banking partner for the launch.
- Trust Anchor Group, which provides digital asset infrastructure and integration solutions.
AllUnity CEO Alexander Höptner said the introduction of a fully backed Swedish krona stablecoin was a natural step for one of the world’s most technologically advanced economies. According to Höptner, SEKAU creates opportunities for instant settlement, programmable payments, and cross-border transfers.
The stablecoin became available on June 19 through the AllUnity Business Mint Account platform. Institutional clients that complete the onboarding process can mint and redeem tokens free of charge. The company also said it is working to list SEKAU on additional centralized and decentralized trading venues.
SEKAU expanded AllUnity’s multi-currency stablecoin lineup, which already includes EURAU and CHFAU, stablecoins backed by the euro and Swiss franc, respectively.
