Allunity launches SEKAU, MiCA SEK stablecoin

Allunity announced SEKAU, a stablecoin denominated in Swedish kronor and issued as a regulated e-money token under the EU’s Markets in Crypto-Assets (MiCA) framework. The token is backed one-to-one by segregated SEK reserves.

SEKAU is part of Allunity’s European currency stablecoin lineup, which includes a Swiss franc token, CHFAU, and a euro token, EURAU. The company positions SEKAU for institutional payments, on-chain settlement and cross-border transfers within EU regulatory rules.

Banking Circle, a Luxembourg-based business-to-business bank, will hold and manage the reserves for SEKAU. Swedish lender Marginalen Bank will support the token’s rollout, and Trust Anchor Group, a Swedish digital asset infrastructure firm, will provide integration support to connect SEKAU to the wider ecosystem.

The company plans to launch SEKAU on Ethereum, Solana, Base, Tempo and Polygon in 2026, with additional networks to be added later that year. Allunity intends the multi-chain distribution to broaden access, liquidity and interoperability across major blockchain environments.

SEKAU will be issued as e-money under MiCA’s rules for asset-backed tokens. Those rules set requirements for reserve backing, custody and issuer operations for tokens offered in the EU. Reserves for SEKAU will be kept segregated from other assets in accordance with the e-money regime.

The euro-denominated stablecoin market in the region has an estimated combined value of about $883 million. MiCA’s regulatory framework has prompted several issuers to pursue currency-backed tokens for use in payments and settlement.

Allunity will monitor network adoption and liquidity and said it will expand distribution and related custody and banking arrangements to maintain compliance with MiCA’s e-money requirements.