Crypto investments within unit-linked insurances powered by Safello are now available on Hubins platform
Stockholm, 21 December 2022 | Based on Safello’s Institutional Custody Service product, insurance distributor Hubins now enables the possibility to store real crypto within a unit-linked insurance. The new investment opportunity utilizes Safello’s safe and secure platform for custody and management.
The possibility to invest real crypto assets within a unit-linked insurance is a unique product that competes with equity traded products tracking Bitcoin and Ethereum. Compared to e.g. certificates, real crypto within a unit-linked insurance decreases the counterparty risk and provides transparency over the storage of funds.
Holding crypto assets within a unit-linked insurance means that no capital gains tax will be applied on profits, only the applicable standard tax, and that it’s possible to appoint a beneficiary who automatically inherits the crypto if the insured person is deceased. The crypto assets held within the unit-linked insurance are stored within Safello’s secure custody services. Hubins customers retain control and access to the holdings through simple login with BankID through Hubins’ platform.
“We are proud to be able to give our clients access to yet another exclusive asset class in the form of crypto assets within a unit-linked insurance. Our intention is to make it easier and more secure to invest in crypto assets and also to increase the availability,” says Carl-Johan Nyrén, CEO of Hubins.
“There has been a lot of interest from the market since we released the news about crypto investments within a unit-linked insurance and we are happy the product is now launched to the market. The first release is the minimal viable product and we are collecting feedback to start the second iteration to tailor the product to customer needs,” says Frank Schuil, CEO and co-founder of Safello.
More information can be found here.
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For more information, please contact
Evelina Appelskog, Marketing & PR Manager, evelina.appelskog@safello.com
Certified Adviser
Amudova AB is Safello’s certified adviser. Phone +46 8 546 017 58. E-mail: info@amudova.se
Safello is Sweden’s leading online cryptocurrency brokerage with the goal to make crypto accessible to everyone. Safello offers a secure way to buy, sell and store crypto in 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.