Leading digital asset management platform Safe (formerly Gnosis Safe) has raised $100 million, with 1kx as the principal investor. Gnosis Safe was initially created as an internal tool, but it has organically developed into a crucial part of web3’s infrastructure for managing digital assets securely. Dune analytics data shows that Gnosis Safe users, who include Bitfinex, BitDAO, and Vitalik Buterin, handle more than $38 billion in assets (up from well over $100 billion in February). The decision to spin off Gnosis Safe was approved by GNO token holders earlier this year. The fundraising round marks a significant turning point in Safe’s evolution as a platform for programmable ownership that enables secure management of digital assets, data, and identities for DAOs, retail, and institutional customers. Safe will be able to develop an ecosystem of tools and apps on top of its smart contract account protocol thanks to investment and business partnerships. Web3 Unlocks Ownership For All Users Safe’s self-custody system, which is used to conduct over 600,000 transactions and secure digital assets worth over $40 billion, has garnered widespread adoption. Additionally, Safe is now used to safeguard numerous highly valuable NFTs, including 13% of all Cryptopunks. Safe has developed a network that supports some of the significant DAO treasuries (1inch, BitDAO), businesses, and financial institutions (Bitfinex, GSR) (Shopify, AB group)....
CZ’s Trial Proves it Pays to Cooperate
