The custodian's prime goal is to safeguard your assets. It's set up as an investor giro ("beleggersgiro" in Dutch), a system primarily used in the Netherlands. Investor giros are used by major Dutch financial institutions to safeguard their customers' assets. What makes an investor giro unique is that it offers fractional shares by pooling together all the investments of its customers.
The custodian holds the assets for you for your safety and convenience.
Your custodian is the Stichting Noordnederlandse Beleggersgiro, which is run by NNEK. It's strictly regulated by both the AFM and De Nederlandsche Bank (Dutch National Bank):
An advantage of an investor giro over other types of custodians is that it allows fractional shares. This means that no € ever goes missing or is not invested. This also allows you to start investing from €50.
The Stichting Noordnederlandse Beleggersgiro has its registered office in Heerenveen in the Netherlands. Its address is K.R. Poststraat 100-2, 8441 ER Heerenveen. It's registered with the Dutch Chamber of Commerce under 02073733.
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