Search results for Swedish krona
Crypto
AllUnity to issue SEKAU Swedish krona-pegged stablecoin
AllUnity, a European regulated stablecoin issuer backed by DWS, Flow Traders and Galaxy, will issue SEKAU, a stablecoin pegged to the Swedish krona. SEKAU will be backed 1:1 by Swedish krona reserves and issued as a regulated e-money token under the EU’s Markets in Crypto-Assets Regulation (MiCA). Holders will have a legal right to redeem at par. The token is designed for institutions, fintechs and corporates, with a June launch planned.
Finance
Won nears 1,490 per dollar this month, fourth-highest on record; biggest drop among major currencies
South Korea’s average won-dollar exchange rate rose to near 1,490 this month, the fourth-highest on a monthly basis, as foreigners sold a record amount of KOSPI shares. The won has posted the biggest decline against the dollar among major currencies this month. Analysts cited risk aversion linked to the Middle East war, valuation concerns in AI and semiconductors, and worries over Korea’s energy import dependence and export mix.
Crypto
Bitwise lists bitcoin, ethereum and solana ETPs on Nasdaq Stockholm
Digital asset manager Bitwise has listed seven Swedish krona-based cryptocurrency exchange-traded products on Nasdaq Stockholm, Cointelegraph reported. The listing allows Swedish investors to gain exposure to major cryptocurrencies such as bitcoin, ethereum and solana through a regulated platform. Bitwise said it offers products including spot bitcoin and spot ethereum ETPs and a solana staking ETP. It added all ETPs are kept in institutional-grade cold storage and supported by weekly independent audits.