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Crypto currency trading platform for retail and institutional investors

  • Frank Schuil and Joakim Johansson
  • Stockholm, Sweden
View Website
  • October 2017
  • Exited
  • Seed Lead

The Investment

As cryptoasset adoption ticks up across retail and institutions, the need for regulated brokerages is on the rise.

While cryptoassets continue to gain adoption globally, leading to rising trading volumes and a growing need for sophisticated and regulated trading venues for professional investors as regulators enter the space to provide a balance between investor protection and fostering innovation.

While for many players in the cryptoasset class regulation and trading licenses have only become strategic priorities in recent years, Frank founded Safello with this issue at the forefront, and the company has been operating a leading cryptocurrency and fiat brokerage platform, regulated by the Swedish FSA, since 2013. While the company’s origin is rooted in serving consumers, its offering has expanded into the growing enterprise and institutional market with the launch of Safello Business, as it continues to scale beyond the Nordics and into broader Europe.

In the News

Swedish crypto broker Safello’s planned IPO oversubscribed by 1,240%

“We are thrilled to see the great interest in Safello’s shares and what it signals for the future of our industry. The prospect of a cryptocurrency-based financial system is picking up steam in Sweden and beyond,” said Safello’s CEO Frank Schuil.The planned 40.5 million Swedish crowns ($4.78 million) IPO was subscribed for by 502 million crowns, Safello said, adding that it expects to list in Stockholm on May 12.

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