What Safe Labs does

Safe Labs is the development entity behind the Safe{Wallet} multisig wallet and the Safe smart account protocol, providing institutional-grade custody and treasury infrastructure for Ethereum and other EVM-compatible chains. The core technology is a smart contract wallet framework that enables multi-signature transaction security and has processed $600 billion in cumulative transaction volume, with $600B of that occurring in 2025 alone — 43% of lifetime volume in a single year. The product surface has expanded to include Safenet Beta, a decentralized transaction security network that enforces protocol-level checks before execution and introduces staking rewards for SAFE token holders, with Safe Labs operating as one of six genesis validators alongside Greenfield, Gnosis, Rockaway, Blockchain Capital, and Core Contributors GmbH.

Safe Labs serves three primary customer segments: institutional crypto holders (the Ethereum Foundation migrated its $650M / 160,000 ETH treasury, Circle uses Safe for $2.5B in USDC management, and Ledger and Bitpanda built products on Safe's protocol), DeFi users seeking yield on stablecoin holdings (via Morpho vault integration with Société Générale's MiCA-compliant EURCV euro-pegged stablecoin), and SAFE token holders who delegate to genesis validators to earn staking rewards. Revenue derives from two streams: transaction volume fees generated through the smart account infrastructure and staking rewards from genesis validator participation, with project-wide annualized revenue reported above $10 million in 2025 (up from approximately $2 million at end-2024), representing a fivefold increase year-over-year. Management is targeting break-even in 2026 and $100 million ARR by 2030.

The company operates as part of the broader Safe ecosystem governed by SafeDAO, with its legal name registered as Safe Labs. Notably, the publicly listed website (safelabs.app) appears to be a parked Namecheap domain, suggesting Safe Labs' primary operational presence is distributed through the Safe ecosystem channels rather than a direct consumer-facing web property.

Name

Safe Labs

Legal name

Safe Labs

Website

https://safelabs.app

Company type

Private

Founded year

2020

Operating status

Operating

Headcount range

1–10 employees

Short description

Safe Labs develops Safe{Wallet} and the Safe smart account protocol, providing multisig custody and treasury infrastructure for institutional crypto holders, DeFi users, and SAFE token holders across Ethereum and EVM chains.

Ownership category

akta.pro rank

Product category

Cryptocurrency Wallet Infrastructure

NAICS

Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320), Securities and Commodity Exchanges (523210)

SIC

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

akta.pro primary industry

Smart Contract Wallets / Account Abstraction (MPC/AA, social recovery, paymasters) (FSAPACAB)

akta.pro secondary industries

Mint/Redeem, Issuance APIs & Treasury Operations Platforms (FSADADAE), On-Chain Payments & Stablecoin Infrastructure (Issuance, Rails, Treasury) (FSAGAMAD), Crypto Payments & Stablecoin Settlement Platforms (BPAMAFAL)

Keywords

• Smart account protocol
• Multisig wallet
• Crypto treasury infrastructure
• Institutional DeFi custody
• EVM wallet infrastructure

Headquarters

HQ city

San José

HQ country

Costa Rica

HQ region

Latin America

Markets served

GTM type

B2B

Offering type

Software

Cost components

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

Revenue model

1. Transaction Volume Fees: Safe processes $600 billion in transaction volume, generating revenue from the infrastructure supporting these transactions. Part of a fivefold revenue increase in 2025.
2. Staking Rewards: Genesis validators including Safe Labs stake minimum 3.5 million SAFE tokens to secure the Safenet Beta network, earning staking rewards pending SafeDAO approval.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels3 records

Core offering

Safe Labs develops and operates Safe{Wallet}, a multisig wallet for Ethereum and EVM-compatible chains, along with the underlying Safe smart account protocol that processes institutional-grade treasury transactions. The company also participates as a genesis validator in the Safenet Beta decentralized transaction security network and integrates DeFi protocols (e.g., Morpho) to enable stablecoin yield generation for institutional and DeFi users.

Product overview

Safe Labs offers a smart account ecosystem centered on Safe{Wallet}, a multisig wallet, and the Safe smart account protocol. The core platform processes over $600 billion in transaction volume and supports institutional adoption including the Ethereum Foundation and Circle. Safenet Beta extends the ecosystem with a decentralized security network enabling staking rewards for SAFE token holders.

Differentiator

Problem solved

Functional benefit

Brands

• Safe{Wallet}: The multisig wallet product developed and operated by Safe Labs within the Safe ecosystem.

Products and services

• Safe{Wallet} Safe{Wallet} is a multisig wallet developed by Safe Labs for secure digital asset management and smart account functionality on Ethereum and EVM-compatible chains. It is used by institutional crypto holders and DeFi users for treasury management and secure transactions.
• Safe Smart Account Protocol The Safe smart account protocol is the smart contract wallet infrastructure that supports institutional treasury management with multi-signature security controls. It processes transaction volume and serves as the underlying layer for Safe{Wallet} and partner integrations.
• Safenet Beta Safenet Beta is a decentralized transaction security network that enforces protocol-level security before Safe transactions execute. It enables SAFE token holders to delegate to genesis validators and earn staking rewards, with Safe Labs participating as one of six genesis validators staking a minimum of 3.5 million SAFE tokens.

Quantifiable outcome

• $600 billion in transaction volume processed in 2025 (43% of lifetime volume)
• +4 more outcomes

Named customers4 records

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

Feature3 records

Partnerships

Six partnerships are on record, tiered core and flagship.

• MorphocoreTechnology or Integration · 25 February 2026Decentralized lending protocol integrated with Safe to enable users to earn yield on Société Générale's MiCA-compliant EURCV stablecoin through dedicated vaults.
• Steakhouse FinancialcoreTechnology or Integration · 25 February 2026DeFi curation partner that manages risk parameters and oversees earning opportunities for the Morpho vault integration with Safe's EURCV stablecoin.
• CircleflagshipStrategic or Co-development Partner · 3 February 2026Strategic partnership for $2.5 billion in USDC treasury management using Safe's infrastructure. Major institutional adoption milestone for the Safe ecosystem.
• LedgercoreStrategic or Co-development Partner · 3 February 2026Hardware wallet provider that launched products built on Safe infrastructure, integrating Safe's smart account protocol into Ledger's ecosystem.
• BitpandacoreStrategic or Co-development Partner · 3 February 2026European exchange platform that launched products built on Safe infrastructure, expanding Safe's distribution through exchange integration.
• Société GénéralecoreTechnology or Integration · 3 February 2026Provides MiCA-compliant EURCV euro-pegged stablecoin that Safe users can access through Morpho integration to earn yield.

Scale indicators6 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• Coinbase Custody: Qualified custodian offering cold storage and institutional services as part of the broader Coinbase institutional platform — a scaled incumbent overlapping with Safe Labs in institutional crypto custody.
• Circle: Issuer of USDC with its own treasury and custody infrastructure; both a strategic partner using Safe for $2.5B USDC treasury management and a broader incumbent in stablecoin and institutional cash management.

Direct peers

• Fireblocks: Institutional digital asset custody and transaction infrastructure provider serving banks, exchanges, and treasuries with MPC-based wallet security — directly comparable to Safe Labs' multisig smart account approach for institutional crypto treasury management.
• Anchorage Digital: Federally chartered crypto custodian offering institutional staking, custody, and treasury services — competes with Safe Labs for the same institutional treasury and DeFi participation use cases.
• BitGo: Institutional digital asset custody and wallet infrastructure with multi-signature and MPC wallets — a long-standing direct competitor in securing large treasuries and processing institutional crypto transactions.
• Ledger Enterprise: Enterprise-grade self-custody and treasury management built on Ledger hardware — already a partner integrating Safe's smart account protocol and a comparable solution for institutional asset security.
• MetaMask Institutional: Institutional extension of the MetaMask wallet offering multi-sig and custody integrations for funds and treasuries — directly competes for EVM-native institutional wallet and treasury workflows.
• Gnosis (Gnosis Safe): Original smart contract multisig wallet ecosystem — the historical and closest direct predecessor of Safe{Wallet}; one of the six genesis validators on Safenet Beta, simultaneously a sibling ecosystem and a comparable multisig infrastructure.

Others

• Morpho: Decentralized lending protocol integrated with Safe Labs to power EURCV stablecoin yield vaults; an ecosystem enabler and adjacent DeFi primitive that drives Safe's yield-generation use case rather than directly competing on wallets.

Emerging players

• Turnkey: Developer-focused wallet infrastructure-as-a-service for embedded signing and custody — an emerging alternative for builders wanting wallet primitives similar to Safe's smart account protocol without spinning up custom infrastructure.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/SafelabsHQ

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

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

M&A

Investments

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

Frequently asked questions about Safe Labs