Proof of Reserves

Safello stores its customer’s crypto funds in its custody setup built on technology provider Fireblocks’ infrastructure.

Fireblocks provides an industry-leading solution for securing digital assets based on a proprietary protocol using MPC technology that eliminates the single point of failure for private keys. MPC, or multi-party computation, is a cryptographic technology, where private keys are never constructed in full. The private keys are broken up into parts and distributed between parties so that signing of transactions only can be done when a quorum is formed, which protects customer funds with the highest level of security.

The ownership of customer’s crypto funds in our custody always remains with the relevant customer. Safello does not dispose of customer funds unless instructed to do so by the relevant customer. This implies that no customer funds are ever used for Safello’s benefit or account. Customer funds are treated as escrow funds and kept segregated from Safello’s funds, protecting you as a customer in the eventuality of a bankruptcy of Safello. You can read more about this here.

The treasury team at Safello is overseeing the handling of this setup and safeguards the controls of our systems and operations.

Safello AB, the entity you as a customer interact with, is registered as a financial institution with the Swedish Supervisory Authority and has been since 2013. The last AML audit the regulator performed on Safello was completed in 2022. Safello Group AB is listed on Nasdaq First North Growth Market, our quarterly and annual reports can be found on our investor relations page. Our holding structure is entirely Sweden based and looks as follows:

Customer Crypto Funds

Customer Crypto Funds

Customer Crypto Funds

Safello Group AB

556892-3550

Holding Company

100%

Safello Technology Development AB

556984-5265

556984-5265

556984-5265

556984-5265

Business and technology development for Safello AB and future business

100%

Safello AB

556954-4165

556954-4165

556954-4165

556954-4165

Including brokerage, operations, compliance, bank accounts etc.

100%

Rational Money AB

559229-7831

559229-7831

559229-7831

559229-7831

www.bitcoin.se

Remember that past performance is not a guarantee of future returns. Cryptocurrencies involve high risk, and an investment may both increase and decrease in value. There is no guarantee that you will recover the full amount invested.

Copyright © 2013-2025 Safello AB. Box 638, 114 11, Stockholm. Organization number: 556954-4165

Remember that past performance is not a guarantee of future returns. Cryptocurrencies involve high risk, and an investment may both increase and decrease in value. There is no guarantee that you will recover the full amount invested.

Copyright © 2013-2025 Safello AB. Box 638, 114 11, Stockholm. Organization number: 556954-4165

Remember that past performance is not a guarantee of future returns. Cryptocurrencies involve high risk, and an investment may both increase and decrease in value. There is no guarantee that you will recover the full amount invested.

Copyright © 2013-2025 Safello AB. Box 638, 114 11, Stockholm. Organization number: 556954-4165

Remember that past performance is not a guarantee of future returns. Cryptocurrencies involve high risk, and an investment may both increase and decrease in value. There is no guarantee that you will recover the full amount invested.

Copyright © 2013-2025 Safello AB. Box 638, 114 11, Stockholm. Organization number: 556954-4165