AllUnity Launches Swedish Krona Stablecoin SEKAU
Summary
- Digital-asset firm AllUnity said it has launched SEKAU, a stablecoin pegged to the Swedish krona.
- SEKAU was issued as an electronic money token (EMT) backed one-to-one by Swedish krona reserves and is intended primarily for institutional settlement and cross-border transfers.
- SEKAU is available at launch on five blockchain networks: Ethereum (ETH), Solana (SOL), Base, Tempo and Polygon (POL). AllUnity said it plans to expand to additional networks later this year.
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A stablecoin pegged to the Swedish krona has launched.
Digital-asset firm AllUnity has launched SEKAU, a stablecoin tied to the Swedish krona, Cointelegraph reported on June 19. The token was issued as an electronic money token, or EMT, backed one-to-one by Swedish krona reserves. The company said it is designed primarily for institutional settlement and cross-border transfers.
SEKAU’s reserves are held and managed by Banking Circle, a regulated bank based in Luxembourg. Sweden’s Marginalen Bank is serving as a banking partner, while digital-asset infrastructure firm Trust Anchor Group supports the technical integration.
SEKAU is available at launch on five blockchain networks: Ethereum, Solana, Base, Tempo and Polygon. AllUnity said it adopted a multichain strategy to improve accessibility, interoperability and liquidity, and plans to expand to additional networks later this year.
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