Safello will custody bitcoin used as collateral for loans issued by Fuels Capital, launching a revenue‑sharing pilot in Stockholm.
Safello, a cryptocurrency exchange focused on the Nordic countries, announced in Stockholm that it has entered a partnership with Fuels Capital to act as custodian for bitcoin‑backed loans. The agreement establishes a six‑month pilot during which Safello will receive a share of revenue generated from the loans it secures.
The collaboration lets Safello leverage its existing custody infrastructure and MiCA‑authorized crypto‑asset service status to tap into the growing crypto‑backed lending market, while Fuels Capital gains a reliable custodian for its collateral. “The partnership with Fuels Capital allows Safello to participate in the growing segment of crypto‑backed lending in a capital‑efficient way,” said Emelie Moritz, CEO of Safello, noting the potential to expand revenue streams.
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🧭 FAQs
• What role does Safello play in the partnership? It acts as the custodian for bitcoin used as loan collateral.
• When does the pilot period begin and end? It starts on the announcement date and runs for six months.
• Which regulatory framework governs Safello’s custody services? Safello operates under the EU’s Markets in Crypto‑Assets (MiCA) regulation in Sweden.
• How many users does Safello serve? The exchange has over 418,000 users across the Nordic region.
