#E-MoneyToken

Allunity Launches SEKAU as First MiCA-Compliant Swedish Krona Stablecoin

Allunity has officially launched SEKAU, a Swedish krona-backed stablecoin issued as a regulated e-money token under the European Union’s Markets in Crypto-Assets (MiCA) regulation. This asset is backed 1:1 by segregated Swedish krona reserves managed by Banking Circle, with additional support from Marginalen Bank and Trust Anchor Group. The token is designed to facilitate institutional settlement and cross-border payments, providing market participants with digital exposure to the Swedish krona. SEKAU debuts across five blockchain networks, including Ethereum, Solana, Base, Tempo, and Polygon, to enhance liquidity and interoperability. This launch follows Allunity’s previous releases of the CHFAU and EURAU tokens, signaling a broader strategy to capture demand for regulated, non-dollar stablecoins in Europe. By operating within the MiCA framework, the project offers a compliant alternative for institutions seeking blockchain-based settlement tools. The expansion highlights a growing trend of issuers leveraging clear regulatory paths to introduce diverse, currency-backed digital assets to the European market.

news.bitcoin.com·Jun 22