AllUnity Launches Swedish Krona Stablecoin SEKAU

Odaily reported that digital asset company AllUnity has launched a Swedish Krona-backed stablecoin, SEKAU. The token is issued in compliance with the European Union'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 acting as a banking partner to support the launch, and Trust Anchor Group providing infrastructure integration.

SEKAU launches initially across 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)