AllUnity Launches SEKAU, a Swedish Krona Stablecoin

Odaily Planet Daily News Digital asset company AllUnity has launched SEKAU, a stablecoin backed by the Swedish Krona. The token is issued in accordance with the EU's Markets in Crypto-Assets Regulation (MiCA) and operates as an electronic money token under MiCA.

SEKAU is backed by segregated Swedish Krona reserves and is designed for institutional settlement and cross-border payments. Banking Circle will hold and manage the reserves backing the token, with Sweden's Marginalen Bank serving as the banking partner for the launch, while Trust Anchor Group provides infrastructure integration.

SEKAU's initial launch covers five blockchain networks: Ethereum, Solana, Base, Tempo, and Polygon. AllUnity stated that it plans to expand SEKAU to more blockchain networks later in 2026. (Cointelegraph)