Safe (formerly known as Gnosis Safe) is an Ethereum-based multi-signature smart contract wallet, which spun out from Ethereum infrastructure provider Gnosis after a governance vote in July 2022. It operates as a decentralized autonomous organization (SafeDAO) with a native token (SAFE) and allows users to invest, trade, and manage digital assets in the DeFi ecosystem.
Key customers and partnerships
As of July 2022, the protocol reportedly secured digital assets worth USD 40 billion and its enterprise partners include Altoros, Consensys, and Energy Web.
Funding and financials In July 2022, Safe raised USD 100 million in a strategic funding round led by 1kx. The funds raised were used to support the Safe Ecosystem Foundation, the organization that oversees the ecosystem of applications and wallets using Safe's smart-contract accounts.
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