AllUnity, the regulated European stablecoin issuer backed by DWS, Flow Traders, and Galaxy, has announced plans to issue SEKAU — what it describes as the world's first fully reserved stablecoin pegged to the Swedish krona. The token will be backed 1:1 by krona reserves and issued under the EU's MiCA framework as a regulated e-money token, with holders carrying a statutory right to redeem at par. Launch is targeted for June, pending final regulatory and operational sign-off.
SEKAU is designed for 24/7 instant settlement, cross-border payments, and programmable finance, targeting financial institutions, fintechs, and enterprises. CEO Alexander Höptner framed it as a natural evolution of the krona: "Sweden has long been a global leader in the transition toward a cashless economy, but that transition also requires a new form of digital money that is interoperable and globally…
TheBlock