Digital Asset Manager Gnosis Safe Attracts $100 Million

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Digital asset management platform Safe, formerly known as Gnosis Safe, has just raised $100M in a strategic fundraising.

According to the company, the funding round has been led by 1kx crypto fund. Other participants include Tiger Global, A&T Capital, Blockchain Capital, Digital Currency Group, Greenfield One, Rockaway Blockchain Fund, ParaFi, Lightspeed, Polymorphic Capital, Superscrypt, a number of other companies and individual investors.

The company has said that it will use the funds to support the Safe Ecosystem Foundation, the non-profit organization behind the project.

The community voted in April to create a foundation and separate the platform from parent company Gnosis Ltd.

Per the statement:

“The goal of Safe is to create a dynamic ecosystem of applications and wallets using smart contract accounts. This will be achieved through grants, investments, and the provision of tools and infrastructure for developers.”

Louis Adams

I am an experienced crypto news writer. I have been in the industry for many years and believe this tech can bring financial freedom to everyone.