Fresh off becoming the first Swedish crypto firm authorized under the EU’s Markets in Crypto-Assets (MiCA) regulation, Safello has announced a new strategic partnership with Fragbite Group AB, one of Sweden’s leading gaming and esports companies.
Safello, a leading Nordics-based cryptocurrency exchange, has strengthened its institutional credentials by becoming the preferred partner of gaming and esports company Fragbite Group AB for Bitcoin trading and treasury services.
Under the new agreement, Fragbite currently owns approximately 19.75 BTC and plans to expand its holdings to 100 BTC by the end of 2025, acquiring the remainder through Safello’s platform during the fourth quarter.
This partnership comes at a pivotal moment for Safello, which has just been granted formal authorization under the EU’s Markets in Crypto-Assets regulation (MiCA) by Sweden’s Financial Supervisory Authority. The MiCA license allows Safello to offer key services, including crypto-asset transfers, custody and administration, order execution, reception and transmission of orders, and exchanges (both crypto-to-crypto and crypto-to-fiat).
Fragbite’s decision to entrust Safello with its Bitcoin treasury reflects growing demand from corporations for safe, compliant, and transparent digital asset exposure. Having the MiCA license elevates Safello’s status as a regulated counterparty: it signals to potential institutional/equity-market clients that Safello meets strict EU oversight, risk management, and consumer protection standards.
MiCA, which came fully into force in December 2024, aims to standardize crypto-asset service regulations across EU member states, raising the bar for exchanges in governance, transparency, and operational compliance. For Safello, its new license creates opportunities for cross-border expansion and strengthens trust among institutional users who may have previously hesitated to engage with crypto firms lacking formal regulatory permission.
On the broader scale, Safello’s authorization under MiCA and its partnership with Fragbite are more than just corporate milestones. They reflect how the crypto industry in Europe is evolving: companies that combine strong regulatory credentials with institutional service offerings are gaining ground.
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