German stablecoin startup AllUnity, a joint venture backed by DWS, Flow Traders and Galaxy Digital (GLXY), plans to offer a Swedish krona-backed stablecoin while also rolling out new payment infrastructure for transactions carried out by AI agents.
The Frankfurt-based company said Wednesday that the stablecoin, dubbed SEKAU, will be fully-backed by krona reserves and issued under the European Union’s Markets in Crypto-Assets (MiCA) framework. The debut is planned for June, pending final regulatory and operational approvals.
“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. The company said the system uses Coinbase’s x402 payment standard and is aimed at businesses selling digital services, content and data online.
The news comes as European firms accelerate efforts to build local-currency stablecoin networks and blockchain payment systems that reduce reliance on 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 at AllUnity 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.”
AllUnity is regulated by German watchdog BaFin, and has rolled out euro and Swiss franc-denominated stablecoins over the past year.
Read more: Non-dollar stablecoins are struggling to crack 0.5% of market share
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