German Firm AllUnity Plans Swedish Krona Stablecoin and AI Payment System

German stablecoin startup AllUnity plans to launch a Swedish krona-backed stablecoin called SEKAU in June, pending final regulatory and operational approvals. The Frankfurt-based firm, a joint venture backed by DWS, Flow Traders and Galaxy Digital, said Wednesday that the token will be fully backed by krona reserves and issued under the European Union's Markets in Crypto-Assets framework.

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 accessible, AllUnity CEO Alexander Höptner said. AllUnity also introduced Agentic Payments, a payment system built for AI-driven transactions.

The infrastructure allows businesses to accept payments initiated by autonomous software agents and settle funds directly into local bank accounts using Coinbase's x402 payment standard.

U.S. dollar-backed tokens, which account for roughly 99% of the global stablecoin market. Earlier today, banking consortium Qivalis expanded its euro-pegged stablecoin initiative to 37 banks across 15 countries. Europe needs regulated, trusted rails built for this new reality, said AllUnity CTO and COO Peter Grosskopf.

AllUnity is the gateway for businesses in Europe enabling them to accept, settle, and operationalize agentic payments at scale, such as developing new revenue streams, he added. AllUnity is regulated by German watchdog BaFin and has rolled out euro and Swiss franc-denominated stablecoins over the past year.