Greenfield Seeks Swiss Probe Into Safe Board Dispute
DM
NewsroomWhy did Greenfield Capital officially request intervention from the Swiss financial authorities?
What issues were repeatedly raised within Safe's board?
What are the main business goals and recent achievements that Safe is pursuing?
- Investor files complaint to Swiss authorities over Safe’s governance
- Cites lack of independent oversight and lagging market performance
On October 5, 2026, Cointelegraph reported that Greenfield Capital, a major investor in Safe, filed a supervisory complaint with Switzerland’s financial regulator, ESA, after months of unsuccessful attempts to reshape the Safe Ecosystem Foundation’s board. The complaint comes as Greenfield’s founding partner Jascha Samadi cites ongoing governance issues, particularly too few independent board members and Safe’s underperformance compared to other market players.
Greenfield’s action marks a notable escalation in the Safe ecosystem’s governance conflict, shifting from behind-the-scenes negotiations to formal regulatory intervention. This move underscores heightened tensions within Safe’s stakeholder group regarding board independence and effective oversight.
Samadi said regulatory involvement became necessary after internal talks failed to resolve concerns over the board’s structure and Safe’s disappointing market results. The case highlights growing scrutiny on governance standards for emerging blockchain projects looking to maintain transparency and accountability.
As of October 5, 2026, 04:09 UTC, SafePal (SFP) is trading at $0.299, with a 0.485% change in 24-hour volume, according to the latest market data.
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