AllUnity, a European regulated stablecoin issuer backed by DWS, Flow Traders and Galaxy, will issue SEKAU, a stablecoin pegged to the Swedish krona.

According to a recent report by The Block, SEKAU will be backed 1:1 by Swedish krona reserves. It will be 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 value.

SEKAU is designed for financial institutions, fintechs and companies for round-the-clock instant settlement, cross-border payments and programmable finance applications. It is scheduled to launch in June.

Alexander Hooptner (알렉산더 횹트너), AllUnity’s CEO, said Sweden has long been a global leader in the shift to a cashless economy, but that such a transition requires a new form of digital currency with interoperability and global accessibility. He said SEKAU is the answer to that demand and a natural evolution of the Swedish krona for today’s digital economy.

With the addition of the krona-pegged token, AllUnity’s digital asset portfolio expands to 3 products, alongside the euro-pegged EURAU and the Swiss franc-pegged CHFAU.

AllUnity also launched "Agentic Payments" alongside the stablecoin announcement. Agentic Payments is a settlement layer that enables companies to receive payments initiated by AI agents in content, data and digital services. It is based on the x402 protocol and plans to support other agent commerce protocols.