Safe

Safe began in 2017 as Gnosis Safe, an internal multisig built to guard Gnosis's ICO funds, and became the default treasury account for DAOs and funds. In July 2022 the community approved a spin-out; renamed Safe, it raised $100 million led by 1kx.

After completing its governance milestones, SAFE became transferable on April 23, 2024. By then Safe secured more than $100 billion and had about 7.5 million accounts, with Worldcoin, Reddit and Gnosis Pay building on its smart-account stack.

In February 2025 roughly $1.5 billion was stolen from Bybit after attackers compromised a Safe{Wallet} developer's machine and injected malicious front-end code. The contracts were not exploited, but the incident wounded trust in the signing interface and accelerated work on transaction verification.

On April 2, 2026 Safe launched Safenet Beta at EthCC Cannes. Six genesis validators, each staking at least 3.5 million SAFE, attest to transactions before execution, giving the token its first economic role beyond governance.

Safe processed nearly 130 million transactions in the second quarter of 2026 and passed 63 million accounts, with World App at 52% and Polymarket at 36% of volume; revenue nevertheless fell 30% to $1.98 million as asset prices dropped.

In October 2026 CoinShares stablecoin yield strategies went live inside Safe{Wallet}, with custody staying in the user's account. Safe is repositioning from a multisig tool into the account layer through which enterprises and apps distribute onchain finance.

April 2: Safenet Beta went live at EthCC, run by six genesis validators, with staked SAFE securing onchain transaction checks; by the end of Q2, 54.8M SAFE were staked across 539 addresses and 455,646 transaction checks had been completed.

Q2: Safe processed nearly 130M transactions, another record, with 2.73M monthly active accounts in June; SafeDAO allocated 5M SAFE via SEP-55, 4.5M of it for Safenet Beta staking rewards; the backers' 80M SAFE finished vesting in July 2026.

July: Safe launched the Workspace Security Hub (12 automated checks), and on July 27 SAFE jumped 20.64% in a day as Safenet staking utility took center stage.

Early October: SEP-56 passed with about 29.41M SAFE in favor and none against, allocating roughly 7.4M SAFE to Safenet Aegis (about 5M for validator rewards and 2.4M in grants to six Sentinels); Safe Labs also launched Safe Pro for professional teams.

Governance and revenue: on October 5, investor Greenfield Capital filed a complaint with Swiss regulators over the Safe Ecosystem Foundation's governance, citing value held in Safe accounts falling from $66B to $30B and Q2 revenue at an ~$8M annualized run rate; on October 12, Safe partnered with CoinShares on an institutional stablecoin-yield widget.

On June 1, 2026 Gnosis Pay disclosed a critical bug in the Zodiac delay module, suspending card services; every affected Safe was replaced and re-linked to physical and virtual cards, with service progressively restored within a week. Workspace shipped on June 9, consolidating a team's Safes into one dashboard with shared roles and an address book, and Security Hub followed on July 2, running 12 automated checks against each Safe's onchain configuration and deployment history to produce a security score. A third-party SquidRouterModule, a Zodiac module, was exploited in May-June for about $3.2 million, without affecting Safe core contracts.

On October 21 Safe Labs launched Safenet inside Safe{Shield}: before execution a transaction goes to a jury of BlockSec, Candide, IntentGuard and OpenCover, whose verdicts are recorded onchain, each firm bonding every verdict at 800 USDC against a 0.40 USDC check fee and subject to slashing for errors; validators must stake at least 3.5 million SAFE and only Safe{DAO} can change parameters. It starts for Safe Pro users on Ethereum, Arbitrum and Gnosis Chain, with Guard enforcement and checks for all users in 2027. The ecosystem has processed over $1 trillion, secures $60 billion across 57 million wallets, and SAFE hit an all-time low of $0.07529 on June 24.

Future strategy and roadmap: Safe is turning security from a cost line into a revenue line: Safenet charges 0.40 USDC per check, with Safe{DAO}'s protocol share set at 0% and a fee switch held in reserve, and at least $30,000 in monthly recurring revenue by the end of 2027 is the stated proof of the model; Beta already had 76.9 million SAFE staked, with six validators each required to stake 3.5 million. The larger ambition is to make the Safe account the enterprise entry point, using Safe{Wallet} V2 and the Safe Pro subscription to double revenue in 2026 and reach $100 million in annual recurring revenue by 2030, with the moat resting on $60 billion in secured assets and distribution through signing flows teams already use. The core contracts are non-upgradeable, and check fees, bonds and slashing ratios are all set by SAFE holders onchain, tying revenue and governance to the same lever.

Lukas Schor is co-founder and president of the Safe Ecosystem Foundation. His career began at Bosch Switzerland; he led the Gnosis Safe project, co-founded Safe with Meissner in 2022 and has chaired the foundation since.

Richard Meissner is co-founder and a foundation council member. His career began in multi-signature wallet engineering at Gnosis; he authored the Safe contracts in use today, is their most experienced maintainer and now leads Safe Research.

Stefan George is vice president of the foundation council. His career began with co-founding Gnosis in 2015; he wrote the original multisig wallet code in 2017 that evolved into Safe and has joined foundation governance since 2022.

Rahul Rumalla is CEO of Safe Labs. He came up in consumer internet engineering, led engineering at SoundCloud, founded Paperchain and became CEO in June 2025.

Christine von Groote is COO. She holds a diploma from the Berlin School of Economics and Law, was operations lead at Liquality and head of people at idealo, and since January 2024 has run daily operations and organisational build-out.

Recently, Safe (multi-signature wallet provider) welcomed a significant team change. Łukasz Stoczyński joined Safe Labs in August 2026 as Commercial Lead.

He previously served as Head of GTM at Mimic, bringing extensive Web3 business development experience. Safe officially confirmed his onboarding, noting the team welcomed two new members. His addition is expected to drive Safe's commercialization.