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. As a reference, spot trading volumes for cryptoassets globally reached $1.58tr in April alone, highlighting the asset’s class’s growing importance at the macro level.

While for many players in the cryptoasset class regulation and trading licenses have only become strategic priorities in recent years, Safello 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.

“White Star Capital clearly understands the opportunity in creating an institutional-grade cryptocurrency market and has the global network to accelerate our growth. We’re excited to be doing exactly that with their support.”

- Frank Schuil
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Led By

Eric Martineau-Fortin Sep Alavi Thomas Klocanas

Investment Date

October 2017

Sector

Consumer

Business Model

Fintech

Headquarters

Stockholm, Sweden

Status

Current

Initial Investment

Seed Lead
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