Stockholm, 29 May 2025 | Safello, the leading cryptocurrency exchange in the Nordics, announces the launch of Safello Labs, a newly established subsidiary focused on contributing to the Bittensor ecosystem.

With Safello Labs, the company expands into a new vertical that explores the convergence of blockchain technology and artificial intelligence, reflecting its ambition to explore the potential of decentralized technologies in AI innovation.

"Safello Labs is our next step to contribute to the emergence of decentralized intelligence," says Frank Schuil, Co-founder and Chairman of the Board of Safello. "We see tremendous potential in protocols like Bittensor that reward participation in open AI networks. Our internal data analysis shows that the leading Bittensor subnet is already outpacing the growth of its centralised counterparts. With Safello Labs, we're exploring ways to meaningfully contribute to this ecosystem and accelerate its adoption."

The new subsidiary marks Safello's first formal entry into decentralized AI. It also represents a natural continuation of the company's recently announced treasury reallocation into TAO, the native token of Bittensor.

The overall future financial impact on Safello cannot be assessed at this stage. 

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This information is such that Safello Group AB is required to disclose in accordance with the EU Market Abuse Regulation. The information was provided by the contact person below, for publication at 17:00 CET on 29 May 2025.

For more information, please contact
David Leeb, Chief Marketing Officer, at press@safello.com

Certified Adviser
Amudova AB is Safello's certified adviser.

Safello is the leading cryptocurrency exchange in the Nordics, with over 404,000 users. The company is empowering financial independence by making crypto accessible to everyone. Safello offers a secure and easy solution for buying, selling, storing, as well as depositing and withdrawing cryptocurrencies directly from the blockchain - ensuring seamless transactions at industry-leading speeds. Operating in Sweden, Safello has been registered as a financial institution with Finansinspektionen (Swedish Financial Supervisory Authority) since 2013 and is listed at Nasdaq First North Growth Market since 2021. For more information visit www.safello.com.