Allunity Debuts SEKAU, MiCA-Compliant Swedish Krona Stablecoin

Allunity has launched SEKAU, a Swedish krona-backed stablecoin structured as a regulated e-money token under the European Union’s Markets in Crypto-Assets (MiCA) Regulation. The token is backed 1:1 by segregated SEK reserves, the company said.

SEKAU is the first fully reserved Swedish krona-denominated stablecoin aligned with MiCA. Allunity already offers a Swiss franc token, CHFAU, and a euro-backed token, EURAU. The trio forms part of a broader multi-currency stablecoin strategy in Europe.

Banking Circle, a regulated business-to-business bank based in Luxembourg, will hold and manage the reserves that back the token. Swedish lender Marginalen Bank is supporting the rollout as a banking partner. Trust Anchor Group, a Swedish digital asset infrastructure firm, is providing integration support.

Allunity said SEKAU is intended for institutional payments and cross-border settlement. The token gives market participants exposure to the Swedish krona in digital form while operating inside Europe’s regulated stablecoin framework.

SEKAU will launch across Ethereum, Solana, Base, Tempo and Polygon. The multi-chain approach is designed to improve access and liquidity across these networks, Allunity said. The company plans to expand to additional chains later in 2026.

The euro stablecoin market remains relatively small, with about $883 million in combined value. Still, MiCA has given issuers a clearer regulatory path, encouraging new currency-backed tokens across the region. For a broader look at the infrastructure challenges tokenized assets face, see AlphaScala’s analysis of back-office software in tokenization.