Swan is regulated by the ACPR (Autorité de Contrôle Prudentiel et Résolution) under the provision of an EMI license, which is passported across the European Economic Area (EEA) allowing us to serve you across Europe.
Regardless of what happens to Swan, your money is always secure. This is a non-negotiable requirement for all e-money license holders, and Swan takes it seriously. Swan protects accounts holders with a safeguarding account that offers two layers of protection.
Layer 1: Safeguarding account
All funds belonging to Swan account holders are safeguarded in a dedicated account with a French credit institution, completely separate from Swan's own accounts.
- E-money institutions are required to hold onto your funds, meaning Swan can't invest them.
- In the case that Swan goes bankrupt, your funds are secure at the safeguarding bank.
Layer 2: Crisis operator
In the case that Swan's safeguarding bank goes bankrupt, the Fonds de Garantie des Dépôts et de Résolution (FGDR) protects each account holder for up to €100 000 (one hundred thousand euros). In English, FGDR translates to Deposit Guarantee and Resolution Fund, and it's a French fund that extends to all accounts at French e-money institutions.
- The FGDR applies to individuals and companies (natural and legal persons) with a few exceptions (for example, banks as legal persons).
- If Swan's safeguarding bank goes bankrupt, Swan's ledger will be the single source of truth and all account holders, regardless of nationality, will be reimbursed by the FGDR.
Visit Swan's Trust Center (https://trust.swan.io/) to learn how Swan keeps you, and Swan secure.