Safe

What Safe does

Safe (formerly Gnosis Safe) builds smart contract wallet infrastructure for onchain self-custody, multisig treasury management, and organizational transactions. Its core product, Safe{Wallet}, enforces M-of-N threshold signature logic via formally verified, open-source smart contracts deployed across 25+ EVM networks, securing $60B+ in assets across 61.11M accounts (Q1 2026) with $1T+ in cumulative transaction volume processed. The modular architecture supports extensible modules and guards (spending limits, roles, recovery, transaction builder) and integrates real-time risk detection via partnerships with Blockaid, Tenderly, and Hypernative. Layered products include Safe Shield (enterprise security), Safe{RecoveryHub} (social recovery with Sygnum and CoinCover), Safenet (Beta decentralized security network), and Workspace (team operating environment).

Safe's revenue model is hybrid: the core Safe{Wallet} consumer/DAO product is free to use with 0 AUM fees (differentiated against MPC alternatives), while enterprise monetization flows through Safe Labs GmbH (a wholly-owned subsidiary formed June 2025 and led by CEO Rahul Rumalla) via wallet-as-a-service, Safe Shield enterprise contracts, and quote-based pricing. Reported annualized revenue grew fivefold from ~$2M at end of 2024 to over $10M in 2025, targeting $100M ARR and break-even by 2030. Customer segments span DAOs, protocol treasuries, corporates and enterprises, venture funds, Web3 startups, L1/L2 networks (via the Safe Standard List), and power users/individuals — with named institutional users including the Ethereum Foundation ($650M migrated), Morpho, EigenLayer, Worldcoin, Chainlink Labs, Ledger, Bitpanda, and Circle ($2.5B USDC held).

The corporate structure pairs a nonprofit parent (Safe Ecosystem Foundation) with the operating Safe Labs GmbH (Berlin, HRB 270980), reflecting a community-aligned governance model. The company was founded in 2018 within Gnosis, spun off and rebranded to Safe in July 2022 alongside a $100M funding round led by 1kx and Tiger Global. Safe acquired Multis (April 2024) to accelerate treasury management capabilities and in February 2025 undertook a full infrastructure reset following the Bybit supply chain hack — a notable risk event for an infrastructure layer securing billions in institutional capital.

Name

Safe

Legal name

Safe Labs GmbH

Website

https://safe.global

Company type

Private

Founded year

2018

Operating status

Operating

Headcount range

51–100 employees

Short description

Safe builds formally verified, open-source smart contract wallet infrastructure for onchain multisig self-custody and treasury management across 25+ EVM networks, serving DAOs, protocol treasuries, corporates, and institutions with $60B+ secured and 61M+ accounts.

Ownership category

akta.pro rank

Product category

Smart Contract Wallet Infrastructure

NAICS

Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320)

SIC

Security & Commodity Brokers, Dealers, Exchanges & Services (6200), Finance Services (6199), Security Brokers, Dealers & Flotation Companies (6211)

akta.pro primary industry

Account Abstraction & Smart Wallet Tooling (AA SDKs, paymasters, session keys) (FSAPABAK)

akta.pro secondary industries

Smart Contract Wallets & Account Abstraction (FSADACAF), Wallet Connectivity & Session Protocols (WalletConnect, deep links, QR, auth sessions) (FSAPACAF), Wallet Infrastructure (SDKs, Wallet-as-a-Service) (FSADACAD), Digital Wallet Infrastructure (Tokenization, Wallet-as-a-Service) (FSAMAEAI)

Keywords

• Smart contract wallets
• Multisig wallet infrastructure
• Onchain treasury management
• Crypto self-custody
• Smart account platform

Headquarters

HQ city

Zug

HQ country

Switzerland

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Software

Cost components

Technology or R&D, Personnel, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Protocol Revenue (Safe Ecosystem Foundation): Protocol-wide annualized revenue grew fivefold from ~$2M at end of 2024 to over $10M in 2025, with no token subsidies or incentive programs; targeting break-even and $100M ARR by 2030. Specific revenue mechanics not publicly disclosed beyond being tied to the broader smart account ecosystem.
2. Enterprise Services via Safe Labs (Wallet-as-a-Service): Safe Labs GmbH (formed 2025) offers wallet-as-a-service (WaaS) and other products to businesses and institutions adopting smart accounts at scale; specific pricing not publicly disclosed.
3. Free-to-Use Consumer/DAO Self-Serve Model: Core Safe{Wallet} product is free to use with 0 AUM fees — explicitly differentiating from MPC wallets that charge subscription + usage costs; revenue is not generated at the user/transaction level for the public self-serve product.

Pricing tiers

Go-to-market motion5 records

Distribution channels5 records

Marketing channels9 records

Core offering

Safe builds and operates Safe{Wallet}, a smart contract-based multisig wallet infrastructure that lets organizations and individuals secure onchain assets with M-of-N approval logic enforced directly on Ethereum and 25+ EVM networks. The company distributes a free self-serve consumer/DAO product (Safe{Wallet}, Safe Mobile) and an enterprise layer via Safe Labs GmbH that delivers Wallet-as-a-Service (WaaS) and Safe Shield enterprise security to institutions, corporates, and fintechs. Total value processed across the protocol exceeds $1 trillion, with $60B+ currently secured across accounts.

Product overview

Safe offers a platform-plus-modules architecture built around its core product, Safe{Wallet} — the leading smart account (multisig) infrastructure for secure self-custody, onchain treasury management, and organizational transactions, securing $60B+ across 25+ networks with $1T+ total volume processed. The Safe Mobile companion app extends wallet functionality to iOS and Android with multisig signing and hardware wallet support. Layered on top are several modular security and operations products: Safe Shield (enterprise-grade security with Transaction Guards, Clear Transaction Insights, and a Security Hub, powered by Hypernative), Safe{RecoveryHub} (social recovery via Sygnum and CoinCover), Safenet (a Beta decentralized transaction security network), and Workspace (an onchain operating environment for treasury teams with passwordless email login). Underpinning all of this are Developer APIs and SDKs (smart wallet SDK, multisig UI, Recovery modules, Transaction Builder) that allow builders to integrate Safe smart account infrastructure into their applications. The corporate entity Safe Labs GmbH is a wholly-owned subsidiary focused on enterprise-grade products including wallet-as-a-service (WaaS). Safe also maintains the Safe Standard List, a public registry of networks that have standardized on Safe for foundation treasuries and governance.

Differentiator

Problem solved

Functional benefit

Brands

• Safe Shield: Enterprise-grade security program that protects users across the entire Safe experience with real-time risk detection and automated transaction controls.
• Safenet
• Safe{RecoveryHub}
• Safe Mobile

Products and services

• Safe{Wallet} Smart contract-based multisig wallet used by organizations and individuals for secure self-custody, onchain treasury management, and governance transactions across 25+ EVM networks; free self-serve with 0 AUM fees.
• Safe Mobile Mobile companion app for iOS and Android that lets users manage digital assets, sign transactions, and interact onchain with built-in multisig protection, hardware wallet integration, gasless transactions, and human-readable transaction simulation.
• Safe Shield Enterprise-grade security program that protects users across the entire Safe experience, from account creation to transaction execution, with Transaction Guards, Clear Transaction Insights, a Security Hub, and Shield Copilot, powered by Hypernative real-time risk detection.
• Safe{RecoveryHub} Social recovery solution developed with Sygnum and CoinCover that lets users recover access by designating recoverers (friends/family) with options for self-custodial or third-party recovery processes to address private key loss.
• Safenet (Beta) Decentralized transaction security network that enforces protocol-level security through cryptographic attestations before transactions execute, enabling SAFE token holders to delegate to validators and earn rewards for securing the network; currently in Beta.
• Workspace Onchain operating environment for treasury teams providing a single dashboard across all Safes, a Security Hub, shared address book, and passwordless email login via one-time passcode or Google OAuth, allowing non-wallet-holding team members (CFOs, ops, compliance) to participate in onchain operations.
• Developer APIs and SDKs Smart wallet SDK, multisig UI, Recovery modules, and Transaction Builder exposed via docs.safe.global so builders can integrate Safe smart account infrastructure into their applications on day one.
• Safe Labs Wallet-as-a-Service (Enterprise) Enterprise-grade Wallet-as-a-Service delivered by Safe Labs GmbH for corporates, fintechs, and institutions adopting smart accounts at scale, including Safe Shield integration with Hypernative and bespoke treasury solutions on annual quote-based contracts.

Quantifiable outcome

• $1 Trillion+ in total value processed
• +8 more outcomes

Named customers22 records

Segments8 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration13 records

AI capability8 records

Feature10 records

Partnerships

21 partnerships are on record, tiered flagship and core.

• TempoflagshipTechnology or Integration · 29 March 2026Payment public chain Tempo integrated with Safe{Wallet} for multi-signature smart account vault management with stablecoin settlements. Enables treasury management, automated trading strategies, and stablecoin-denominated fees (sub-$0.001). Compatible with existing Safe modules and guards.
• HypernativeflagshipTechnology or Integration · 20 November 2025Safe Shield integration embedding Hypernative's Guardian real-time risk engine directly into Safe{Wallet}. Every transaction is scanned in under a second; low risk executes instantly, suspicious requires confirmation, high risk is auto-blocked. Powers Safe Shield for enterprise customers.
• CircleflagshipStrategic or Co-development Partner · 14 October 2025Strategic partnership to establish USDC as the standard stablecoin within the Safe ecosystem. Currently $2.5 billion USDC is held in Safe smart accounts. The partnership aims to embed USDC at the core of Safe's infrastructure and enhance institutional treasury management of USDC.
• Societe Generale-FORGE (SG-FORGE)flagshipStrategic or Co-development Partner · 25 February 2025Partnership to integrate SG-FORGE's EUR CoinVertible (EURCV) MiCA-compliant euro stablecoin into a dedicated Morpho vault accessible through Safe{Wallet}, enabling euro-denominated onchain savings and yield generation. Limited-time EUR yield campaign launched.
• Steakhouse FinancialcoreImplementation/ SI/ Consulting Partner · 25 February 2025Oversees deployment of EUR CoinVertible into the Safe Morpho vault, supervises eligible collateral assets, ensures optimal capital allocation, and manages default risk as last resort.
• MorphocoreTechnology or Integration · 25 February 2025Decentralized lending protocol where the dedicated EURCV vault for Safe users is hosted. Also a customer of Safe for its own treasury operations.
• RhinestonecoreTechnology or Integration · 5 July 2024Partnership to address fragmentation with developer tooling around ERC-7579 modular smart account standard.
• PimlicocoreTechnology or Integration · 5 July 2024Partnership to address fragmentation with developer tooling around ERC-7579 modular smart account standard, alongside Rhinestone.
• MultisflagshipStrategic or Co-development Partner · 8 April 2024Acquired by Safe on April 8, 2024. Multis was a crypto treasury platform; the deal incorporated Multis' leadership and technology into Safe, enhancing its position in blockchain asset management.
• Sygnum (Bank)coreStrategic or Co-development Partner · 7 December 2023Collaboration with CoinCover to launch Safe{RecoveryHub}, a social recovery solution for crypto wallets addressing private key loss (affecting ~$1.92B in ether). Users can designate recoverers and choose self-custodial or third-party recovery.
• CoinCovercoreStrategic or Co-development Partner · 7 December 2023Collaboration with Sygnum to launch Safe{RecoveryHub} for social recovery of crypto wallets, providing both self-custodial and third-party recovery options.
• Chainlink LabsflagshipStrategic or Co-development PartnerStrategic alliance on user-friendly account abstraction using Chainlink's industry-standard oracle platform combined with Safe's modular infrastructure. Drives secure, accessible blockchain applications.
• BlockaidcoreTechnology or IntegrationPowers Safe's transaction scanning and risk detection within Safe Shield and the security page, identifying malicious modules and risky contracts.
• TenderlycoreTechnology or IntegrationPowers Safe's transaction simulation feature, allowing users to preview outcomes before executing transactions.
• Auth0coreTechnology or IntegrationIdentity provider for Safe{Wallet} email login (Workspace feature) using OIDC authorization redirect; users authenticate via one-time passcode or Google OAuth for app-session access only (not custody).
• MegaETHcoreTechnology or IntegrationNetwork integration; MegaETH launched with Safe as its operational backbone for foundation treasury, governance, and protocol operations.
• Worldcoin (World)coreTechnology or IntegrationNetwork integration; Worldcoin uses Safe for critical operations and is also a major customer.
• HyperEVMcoreTechnology or IntegrationNetwork integration; HyperEVM launched with Safe as its standard wallet infrastructure.
• zkSynccoreTechnology or IntegrationNetwork integration with Safe{Wallet} as a launch partner.
• MonadcoreTechnology or IntegrationNetwork launch integration; Monad is part of the Safe Standard List, having launched with Safe as its operational backbone.
• BasecoreTechnology or IntegrationNetwork launch integration; Base is part of the Safe Standard List, having launched with Safe as its operational backbone.

Scale indicators14 records

Recent moves8 records

Expansion highlights6 records

Direct peers

• Fireblocks: Fireblocks is the leading institutional MPC custody and wallet infrastructure provider. It directly competes with Safe Labs in the enterprise/treasury custody space, though Fireblocks uses MPC rather than onchain multisig. Both target exchanges, protocols, and institutions moving large digital asset volumes.
• BitGo: BitGo is a major institutional digital asset custodian and wallet infrastructure provider with multisig and qualified custody offerings. It competes with Safe for protocol treasury and institutional wallet business, and is regularly used by similar crypto-native customers.
• Anchorage Digital: Anchorage is a federally chartered digital asset bank offering institutional custody and wallet infrastructure. It targets the same institutional and protocol treasury customers as Safe Labs, with an emphasis on regulated qualified custody.
• Ledger Enterprise: Ledger Enterprise extends Ledger's hardware wallet expertise into institutional self-custody. It competes with Safe Labs in the institutional treasury and corporate digital asset management market, and is itself a Safe customer for certain operations.

Broad incumbents

• Coinbase Prime / Coinbase Custody: Coinbase Prime is the institutional arm of Coinbase offering custody, trading, and financing. It overlaps with Safe's enterprise treasury use case as a broad incumbent with deep regulatory standing, though it is custodial rather than self-custodial.

Emerging players

• Turnkey: Turnkey provides developer-friendly embedded wallet infrastructure and key management APIs. It is an emerging player in the same smart account / account abstraction space as Safe, with overlapping developer and institutional buyers.
• Privy: Privy offers embedded wallet and authentication infrastructure for web3 applications, with a focus on consumer-grade onboarding. It overlaps with Safe's developer SDK and smart account roadmap, though it targets a more app-developer audience.
• ZeroDev: ZeroDev is a smart account infrastructure provider building on ERC-4337 with kernel-based modular accounts. It is an emerging competitor in the same smart account and account abstraction category that Safe operates in.
• Biconomy: Biconomy provides smart account and gasless transaction infrastructure. It targets a similar developer and dApp customer base, and competes for the modular smart account standard alongside Safe.
• Pimlico: Pimlico is a leading bundler and account abstraction infrastructure provider working with the ERC-7579 standard. It is a technology partner of Safe and a partial competitor for developer mindshare in the smart account ecosystem.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks7 records

Key highlights7 records

Customer concentration

• Xx.com/safe
• GitHubgithub.com/safe-global
• LinkedInlinkedin.com/company/safe-ecosystem

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Subsidiaries1 record

Funding overview

Funding rounds2 records

Investors43 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments7 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Safe