Today Gnosis Safe – now renamed as Safe – announced a $100 million funding round led by 1kx. Sixty other backers include Tiger Global, Brevan Howard Digital Assets, Singapore’s UOB Venture Management and SCB 10X, the digital subsidiary of Siam Commercial Bank. The funds go towards the Safe Ecosystem Foundation, a non-profit.
Safe provides a widely adopted crypto self-custody solution for the Ethereum ecosystem used by many larger wallets and applications because it supports multiple signatures.
“Safe has established itself as the universal asset management primitive. From DAOs to treasury management tools to institutional custody, Safe has achieved an incredible product-market fit throughout all segments of crypto,” said Lasse Clausen, founding partner of 1kx. “Users are only beginning to understand the power of composable asset management.”
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