Yes, it is relatively safe as Syfe is licensed by the Monetary Authority of Singapore (MAS), and they hold a Capital Markets Services (CMS) License for retail fund management, dealing in capital markets products and providing custodial services. With this CMS license, Syfe met all the requirements and standards set by MAS to prevent a bankruptcy event from happening, which includes meeting the minimum capital requirement, as well as audits and compliance and sufficient daily cash flow to meet all operational needs.