---
title: "Safello AB · Crypto-asset service provider (Finansinspektionen) · Sweden | Elucidate"
description: "Safello AB is authorised by Finansinspektionen as a crypto-asset service provider in Sweden. Licence 894500QKMN1PCG2V7U40. LEI 894500QKMN1PCG2V7U40. Register status, licences, activities and ownership."
url: https://elucidate.co/directory/safello-ab-58c034d319ab
---

1.  [Directory](https://elucidate.co/directory)
2.  [Sweden](https://elucidate.co/directory/country/se)
3.  Safello AB

Sweden · Crypto

# Safello AB

Safello AB is a Swedish limited company based in Stockholm. On 13 October 2025 Finansinspektionen authorised it as a crypto-asset service provider under the EU Markets in Crypto-Assets Regulation (MiCA). It is a wholly owned subsidiary of Safello Group AB, whose shares are listed on Nasdaq First North Growth Market. The firm buys, sells, holds and transfers crypto-assets for retail, corporate and institutional customers in Sweden, and in Finland since February 2026.

Register status

Licensed in Sweden

Crypto-asset service provider · Finansinspektionen

Prudential licence

[1 licence or registration ↓](https://elucidate.co/directory/safello-ab-58c034d319ab#licences)

BIC **No BIC** LEI **[894500QKMN1PCG2V7U40](https://search.gleif.org/#/record/894500QKMN1PCG2V7U40)** [Licence no. **894500QKMN1PCG2V7U40**](https://elucidate.co/directory/safello-ab-58c034d319ab#licences)

## Licences and registrations

Held by Safello AB (LEI 894500QKMN1PCG2V7U40). 1 entry on 1 of the 22 tracked registers, retrieved 25 September 2026.

| Register | Licence | Number | Jurisdiction | Status | Registered | Ends | Activities | Register entry |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| [ESMA interim MiCA register of crypto-asset service providers](https://elucidate.co/directory/register/esma-casp) Finansinspektionen | Crypto-asset service providerCrypto-Asset Service Provider | 894500QKMN1PCG2V7U40 | [Sweden](https://elucidate.co/directory/country/se) | Active | 2025-10-13 | — | - Crypto-assets | [Search the register ↗](https://www.esma.europa.eu/esmas-activities/digital-finance-and-innovation/markets-crypto-assets-regulation-mica) |

-   Each licence applies in the country of the regulator that granted it.
-   Registers are tracked in 37 countries. Licences granted elsewhere are not recorded here.

## Swift network

Swift’s ISO 9362 BIC directory

Holds no BIC in Swift’s directory.

Its LEI is not mapped to a BIC in the Swift and GLEIF BIC-to-LEI relationship file.

## Overview

Researched 29 Sep 2026 · [Sources](https://elucidate.co/directory/safello-ab-58c034d319ab#overview-sources)

Customers

425,000

users · Group · 29 Sep 2026 · [company statement ↗](https://safello.com/)

Employees

Not published

Ownership

Group subsidiary

100% Safello Group AB

Firm type

Crypto exchange or broker

Trades as Safello

- **Ownership:** Safello Group AB owns 100% of the firm and is listed on Nasdaq First North Growth Market.
- **Direct parent:** [Safello Group AB ↗](https://search.gleif.org/#/record/984500F1A979085BB828), Sweden 100%
- **Head office:** Gamla Brogatan 32, 111 20 Stockholm, Sweden (registered office: Box 638, 114 11 Stockholm, Sweden)
- **Company register:** Bolagsverket 556954-4165
- **Founder:** Frank Schuil

### Online

- **Websites & references:** [safello.com ↗](https://safello.com/) [app.safello.com ↗](https://app.safello.com/) web trading app [help.safello.com ↗](https://help.safello.com/en/) help centre [safello.github.io ↗](https://safello.github.io/safello-api/docs/intro) developer documentation [careers.safello.com ↗](https://careers.safello.com/) careers site
- **Official social accounts:** [LinkedIn ↗](https://se.linkedin.com/company/safello) · [X ↗](https://twitter.com/SafelloAB) · [YouTube ↗](https://www.youtube.com/channel/UC5skwZ9eVeepztqHOjx7H9g) · [Discord ↗](https://discord.com/invite/myBUywMbE5)
- **Apps:** [App Store ↗](https://apps.apple.com/se/app/safello-k%C3%B6p-bitcoin-med-sek/id1514429922) · [Google Play ↗](https://play.google.com/store/apps/details?id=com.safello.androidsapp&hl=en)

Sources · 15 pages consulted

1.  [safello.com](https://safello.com/)
2.  [safello.com/legal/terms](https://safello.com/legal/terms)
3.  [safello-static.s3.eu-north-1.amazonaws.com/documents/ToS/Terms+of+Service+from+6+November+2025.pdf](https://safello-static.s3.eu-north-1.amazonaws.com/documents/ToS/Terms+of+Service+from+6+November+2025.pdf)
4.  [safello.com/legal/custody](https://safello.com/legal/custody)
5.  [safello.com/about-us](https://safello.com/about-us)
6.  [safello.com/investors/governance](https://safello.com/investors/governance)
7.  [safello.com/proof-of-reserves](https://safello.com/proof-of-reserves)
8.  [news.cision.com/safello/r/safello-is-granted-authorisation-under-mica,c4249604](https://news.cision.com/safello/r/safello-is-granted-authorisation-under-mica,c4249604)
9.  [news.cision.com/safello/r/safello-ab-granted-mica-authorization-and-lays-the-foundation-for-future-growth](https://news.cision.com/safello/r/safello-ab-granted-mica-authorization-and-lays-the-foundation-for-future-growth,c4266760)
10.  [news.cision.com/safello/r/safello-applies-for-authorisation-under-mica,c4131555](https://news.cision.com/safello/r/safello-applies-for-authorisation-under-mica,c4131555)
11.  [mfn.se/cis/a/safello-group/frank-schuil-is-appointed-as-new-ceo-of-safello-a2106949](https://www.mfn.se/cis/a/safello-group/frank-schuil-is-appointed-as-new-ceo-of-safello-a2106949)
12.  [inderes.fi/en/releases/safello-launches-in-finland](https://www.inderes.fi/en/releases/safello-launches-in-finland)
13.  [inderes.fi/en/releases/safello-publishes-interim-report-for-the-second-quarter-2026-bear-market-pres](https://www.inderes.fi/en/releases/safello-publishes-interim-report-for-the-second-quarter-2026-bear-market-pressure-continues-but-cost-measures-and-institutional-progress-point-to-the-way-forward)
14.  [news.cision.com/safello](https://news.cision.com/safello)
15.  [fi.se/sv/publicerat/granskningar/undersokningar/undersokningar-lista/2022/fi-avslutar-penningtv](https://www.fi.se/sv/publicerat/granskningar/undersokningar/undersokningar-lista/2022/fi-avslutar-penningtvattsundersokning-av-safello/)

## Authorisation

Researched 29 Sep 2026 · [Sources](https://elucidate.co/directory/safello-ab-58c034d319ab#overview-sources)

- **Operates under:** Its own licences

Finansinspektionen authorises the firm as a crypto-asset service provider under MiCA. The authorisation covers transfer, custody and administration of crypto-assets and execution of orders on behalf of clients. The firm says it was registered with Finansinspektionen as a financial institution from 2013. It uses its MiCA authorisation to provide services in Finland. Neither the firm nor its regulator publishes the number of states it is passported to.

| Authority | Licence or registration | Number | Held | Status | Source |
| --- | --- | --- | --- | --- | --- |
| Finansinspektionen (Swedish Financial Supervisory Authority) Sweden | Crypto-asset service provider authorisation under MiCA (Regulation (EU) 2023/1114) | 894500QKMN1PCG2V7U40 | In its own name | Active | [news.cision.com ↗](https://news.cision.com/safello/r/safello-is-granted-authorisation-under-mica,c4249604) |

Licences and registrations the research found, at home and abroad, as the firm and its regulators publish them. The Licences and registrations card shows the entries on the registers the directory tracks.

## Partners and safeguarding

Researched 29 Sep 2026 · [Sources](https://elucidate.co/directory/safello-ab-58c034d319ab#overview-sources)

- **Safeguarding:** Segregated safeguarding accountsThe firm says it holds customers' crypto-assets as escrow funds (redovisningsmedel) in wallets kept separate from its own assets, and holds no customer fiat funds. [safello.com ↗](https://safello.com/legal/custody)
- **Crypto-asset custody:** Held by the firmThe firm holds customers' private keys itself on Fireblocks multi-party computation (MPC) infrastructure. It states that it uses no third-party crypto-asset service provider for custody. It executes orders through liquidity providers named in its order execution policy. [safello.com ↗](https://safello.com/legal/custody) · [Proof of reserves ↗](https://safello.com/proof-of-reserves)
- **Payment schemes and card networks:** Swish Through a partner [safello.com ↗](https://safello.com/) SEPA Credit Transfer Through a partner [assets.safello.com ↗](https://assets.safello.com/documents/00_Reports/2024/2024_annual-report_en.pdf)

Banks and regulated firms the firm says hold its customers’ money, issue its cards, sponsor its accounts or settle its payments, as it discloses them in its terms and notices.

## Products and markets

Researched 29 Sep 2026 · [Sources](https://elucidate.co/directory/safello-ab-58c034d319ab#overview-sources)

-   Crypto trading
-   Crypto custody
-   Crypto on- and off-ramp

It runs a crypto-asset brokerage, order-book trading, swaps and a custodial wallet, with payments in SEK and EUR. It also holds public-sector framework agreements for crypto-asset exchange with the Swedish Police Authority and Swedish Customs.

It serves customers in Sweden and, since 3 February 2026, in Finland under its Swedish MiCA authorisation. Its order execution policy also allows institutional customers resident in the EEA.

- **Sells to:** Consumers · Small businesses · Enterprises · Financial institutions · Public sector
- **Serves customers in 2 countries:** Sweden · Finland

## Leadership

Researched 29 Sep 2026 · [Sources](https://elucidate.co/directory/safello-ab-58c034d319ab#overview-sources)

- **Chief executive:** Frank Schuil CEO and co-founder Confirmed 29 Sep 2026 · [safello.com ↗](https://safello.com/investors/governance)
- **Chair:** Gustav Röken Chairman of the Board (Safello Group AB; appointed chairman of Safello AB in March 2026) Confirmed 29 Sep 2026 · [mfn.se ↗](https://www.mfn.se/cis/a/safello-group/frank-schuil-is-appointed-as-new-ceo-of-safello-a2106949)
- **Chief financial officer:** Mikael Schlaug CFO Confirmed 29 Sep 2026 · [safello.com ↗](https://safello.com/investors/governance)
- **Executive:** Łukasz Chachurski CTO Confirmed 29 Sep 2026 · [safello.com ↗](https://safello.com/investors/governance)

## Recent events

Researched 29 Sep 2026 · [Sources](https://elucidate.co/directory/safello-ab-58c034d319ab#overview-sources)

1.  Jun 2026

    Other

    Safello Group AB and the firm signed a strategic partnership with Wictor Family Office on crypto-asset custody, including a conditional share subscription right.

    [inderes.fi ↗](https://www.inderes.fi/en/releases/safello-publishes-interim-report-for-the-second-quarter-2026-bear-market-pressure-continues-but-cost-measures-and-institutional-progress-point-to-the-way-forward)

2.  Mar 2026

    Leadership

    The board appointed co-founder Frank Schuil as CEO after Emelie Moritz left, and Gustav Röken became chairman.

    [mfn.se ↗](https://www.mfn.se/cis/a/safello-group/frank-schuil-is-appointed-as-new-ceo-of-safello-a2106949)

3.  Feb 2026

    Other

    The firm launched its services in Finland under its MiCA authorisation, its first cross-border establishment.

    [inderes.fi ↗](https://www.inderes.fi/en/releases/safello-launches-in-finland)

4.  Feb 2026

    Leadership

    Mikael Schlaug took office as CFO, replacing Head of Finance Viktoria Berglund Blohmé.

    [news.cision.com ↗](https://news.cision.com/safello)

5.  Dec 2025

    Leadership

    Chief Marketing Officer David Leeb left the firm by mutual agreement.

    [news.cision.com ↗](https://news.cision.com/safello/r/safello-ab-granted-mica-authorization-and-lays-the-foundation-for-future-growth,c4266760)

6.  Oct 2025

    Licence

    Finansinspektionen authorised the firm as a crypto-asset service provider under MiCA.

    [news.cision.com ↗](https://news.cision.com/safello/r/safello-is-granted-authorisation-under-mica,c4249604)

7.  Apr 2025

    Licence

    The firm applied to Finansinspektionen for authorisation as a crypto-asset service provider under MiCA.

    [news.cision.com ↗](https://news.cision.com/safello/r/safello-applies-for-authorisation-under-mica,c4131555)

Compliance-relevant events of the last three years, newest first: fines and enforcement, investigations, security incidents, licence changes, funding rounds, acquisitions and leadership changes. Each links to its source.

## Identifiers

- **Licence no. · ESMA-CASP:** 894500QKMN1PCG2V7U40
- **BIC:** Holds no BIC in Swift’s directory
- **LEI:** [894500QKMN1PCG2V7U40 ↗](https://search.gleif.org/#/record/894500QKMN1PCG2V7U40)
- **How the LEI was matched:** Published by the register
- **Elucidate firm ID:** 58c034d319ab

## Profile

- **Type:** Crypto
- **Regulation:** Prudential licence
- **Main licence class:** Crypto-Asset Service Provider
- **Activities:** - Crypto-assets
- **Licensed in:** [Sweden](https://elucidate.co/directory/country/se) · Europe & Central Asia
- **First registered:** 2025-10-13
- **Website:** [www.safello.com ↗](https://www.safello.com/)

Types come from Swift’s BIC classification, the licences on the 22 tracked registers, and the ECB and FSB bank lists. Most banks outside the euro area appear as financial institutions, because their supervisors’ registers are not tracked yet.

## Ownership and group

GLEIF relationship records

- **Direct parent:** Safello Group AB · Sweden[984500F1A979085BB828 ↗](https://search.gleif.org/#/record/984500F1A979085BB828)

Group membership follows the accounting-consolidation relationships reported to GLEIF. It does not show ownership shares or control.

## Addresses

- **Address on the register:** Box 638 c/o Safello AB, 114 11, Stockholm, Sweden
- **Country:** Sweden

## ISO 20022 identification

As an agent in a Swift cross-border payment message (CBPR+)

This institution holds no BIC. A CBPR+ message identifies it by name and postal address, and may add its LEI or a clearing code.

- **Identified by:** Name and postal address, with its LEI
- **Postal address:** Incomplete: no town published
-   The register publishes no town as a separate field. A CBPR+ postal address needs at least a town name (TwnNm) and a country (Ctry).

The LEI record in GLEIF holds a structured legal address.

CBPR+ identifies the instructing and instructed agents by BIC only. An institution without a BIC can be the debtor, creditor or an intermediary agent.

The values are as published by the register. Check them against your own records before use.

Sources & method

Register entries come from the public registers of financial regulators, standardised into one taxonomy. LEIs are matched through GLEIF, and a BIC is linked only through a shared LEI.

An institution missing from these registers is not necessarily unregulated.

Register entries are not matched against the OFAC or EU sanctions lists. Where the legal entity also holds a BIC, the matches for that BIC are on its page. Always screen against the official lists.

An institution is one entry in the directory: a BIC8 in Swift’s directory, or a firm on a tracked register that holds no BIC. Licences held by an institution with a BIC are shown on its page.

[Read the methodology →](https://elucidate.co/directory/methodology)

Register for this page

-   **ESMA interim MiCA register of crypto-asset service providers**—European Securities and Markets Authority (ESMA) · [source ↗](https://www.esma.europa.eu/esmas-activities/digital-finance-and-innovation/markets-crypto-assets-regulation-mica) as at 25 September 2026
-   **Ownership and group**—GLEIF Level 2 relationship records (accounting consolidation), matched by LEI.
-   **Overview, authorisation, partners, products, leadership and events**—researched per institution by an AI model with web search, from the firm's own website, terms and filings, regulators' registers and notices, company registers and news. Licences, partners, figures, people and events link to their source, and each card shows the research date. AI research can be wrong or out of date, so check key facts at the source.

## Assess the financial crime risk behind a licence

A licence records what an institution is authorised to do; it does not assess it. The [Elucidate FinCrime Index (EFI)](https://elucidate.co/ratings) is an independent score of the financial crime risk of banks and payment institutions.

[Book a demo](https://elucidate.co/demo-request)

Licence and registration data are drawn from the public registers of the regulators named on each page and shown for information only; the official register is always the authority. LEIs and ownership are from GLEIF. Directory and gpi data are drawn from SWIFT's public sources. SWIFT, Swift gpi and UETR are trademarks of S.W.I.F.T. SC, Avenue Adèle 1, 1310 La Hulpe, Belgium. Elucidate is not affiliated with, endorsed by or sponsored by SWIFT or any regulator named here. Elucidate does not provide payment or other financial services.