AllUnity launches SEKAU, SEK-backed MiCA e-money token
SEKAU is a MiCA-authorized e-money token backed 1:1 by segregated SEK reserves and now live on Ethereum, Solana, Base, Tempo and Polygon.
AllUnity launched SEKAU, a Swedish krona stablecoin issued as an e-money token under the European Union’s Markets in Crypto-Assets Regulation (MiCA). The company announced the token on Friday.
SEKAU is backed one-to-one by segregated Swedish krona deposits. Banking Circle, a regulated business-to-business bank and financial infrastructure provider based in Luxembourg, will hold and manage the SEK reserves. Marginalen Bank in Sweden is acting as a banking partner for the rollout. Trust Anchor Group will provide local digital asset infrastructure and integration to expand ecosystem access.
The token went live simultaneously on Ethereum, Solana, Base, Tempo and Polygon. AllUnity described the multi-chain launch as intended to improve access, interoperability and liquidity across major networks and said it plans to add more blockchains in 2026.
SEKAU expands AllUnity’s multi-currency stablecoin strategy, which already includes CHFAU, a Swiss franc token, and EURAU, a euro token launched in 2025. CHFAU first appeared on Ethereum in February before moving to Tempo. EURAU has reached a market capitalization of about $1.4 million and ranks 16th among 23 tracked euro stablecoins, according to market data cited by the issuer.
A company spokesperson noted: “SEK exposure has previously existed mainly through early-stage concepts, which are not confirmed as a MiCA-authorized, fully regulated EMT.”
AllUnity described several Swedish banking and fintech pilots as closed, experimental infrastructures rather than publicly redeemable stablecoins. The company contrasted SEKAU with the Riksbank’s e-krona project, describing the e-krona as a central bank digital currency initiative distinct from a stablecoin. The Riksbank has previously stated there are no stablecoins denominated in Swedish kronor.
AllUnity described SEKAU’s intended use cases as institutional settlement and cross-border payments, stating the regulated, fiat-backed token can provide on-chain liquidity and reduce frictions between traditional banking rails and blockchain networks.
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